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South Bend <br />Regular MeE <br />6. NEW BUr <br />b. Cor <br />CP! <br />elopment Commission <br />- September 9, 1988 <br />(Cont.) <br />a motion by Mr. Piasecki, <br />ded by Mr. Combs and carried, the <br />ssion approved the proposal and <br />in connection with the Rental- <br />Program in accordance with the <br />mendation from the Bureau of <br />ng. Mr. Nimtz voted, "present ". <br />Mr� Nimtz resumed the chair following <br />th vote. <br />wi <br />at <br />be <br />The <br />to <br />Mrs <br />Car <br />to <br />the <br />. 108 N. Main Street. (Allen <br />Schrager) <br />Kolata summarized the staff <br />,rt. The petitioner proposes to <br />bilitate the second floor office <br />:e of the JMS Building annex. <br />S Services of Indiana is the <br />acted tenant. The project will <br />ate one full time and one part time <br />.tion within the first year with an <br />al payroll of $12,000. The <br />.tioner currently employs three <br />. time and two part time employees <br />i an annual payroll of $50,000. <br />rehabilitation cost is estimated <br />250,000. The property is properly <br />d for the intended use, it is <br />ted in a tax abatement impact <br />., and is also located in a tax <br />-ement financing allocation area. <br />project qualifies for six years of <br />abatement. The estimated taxes to <br />aid with abatement is $33,300. <br />amount to be abated is estimated <br />e $47,268. <br />. Quigley, representing Allen and <br />Glyn Schrager, noted that the jobs <br />:)e created are maintenance jobs for <br />landlord, not Legal Services jobs. <br />-5- <br />• I I 1 • • - - -• Y1, I - i-i <br />- N i I AMI a 12 -•d•• •. ..•..o. <br />• ON M., V • NMI 0 1 - MM <br />