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20-07 Designating Real Property Tax Abatement for Midwest Family Broadcasting
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20-07 Designating Real Property Tax Abatement for Midwest Family Broadcasting
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5/6/2020 2:49:41 PM
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5/6/2020 2:49:37 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/11/2020
Bill Number
20-07
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EMPLOYMENT IMPACT <br /> Per this petition, it is estimated that the company will: <br /> > Bring to South Bend twenty-three (23) permanent full-time jobs representing a <br /> total annual payroll of$1,028,560. The hourly average wage is $21.75. <br /> > Create three(3)new permanent, full-time jobs within first three years with a total <br /> estimated annual payroll of $104,956. The estimated hourly average wage is <br /> $16.82. <br /> ABATEMENT QUALIFICATION <br /> 1. A review of the tax abatements previously granted, finds that the petitioner has not <br /> been granted or associated with previous abatements. <br /> 2. The Area Plan Commission has reviewed the petition and finds the property to be <br /> properly zoned for the proposed project. <br /> 3. A review of the South Bend Redevelopment designation areas finds that the property <br /> is located in the River West Development Area. <br /> 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner <br /> meets the qualifications for a five (5) year vacant building, a five (5) year real <br /> property and five (5) year personal tax abatements under section 2-82.1, Industrial <br /> development in Urban Enterprise Zone and Redevelopment Blighted Areas, and <br /> section 2-84.2, Tangible Personal Property Tax Abatement. <br />
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