My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
RM 04-15-94
sbend
>
Public
>
Redevelopment Commission
>
Minutes
>
1990-1999
>
1994
>
RM 04-15-94
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/2/2012 3:56:44 PM
Creation date
10/8/2012 9:29:07 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
24
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
G <br />South Bend Redevelopment Commission <br />Regular Meeting - April 15, 1994 <br />6. NEW BUSINESS (Cont.) <br />h. continued... <br />12,000 square foot addition at an estimated <br />cost of $600,000. The addition will house a <br />production welding shop. The project also <br />involves the purchasing of three new inertia <br />welders at an estimated cost of $1,600,000 <br />and MTI is applying for a personal property <br />tax abatement for the equipment also. The <br />addition and the new equipment will be used <br />to weld stabilizer bars which will be used in <br />the automotive industry. MTI indicates that <br />the new equipment, and the space to house <br />it, is necessary to maintain their position in <br />the industry and meet their clients' service <br />needs. <br />AWN <br />It is estimated that this project will create six <br />new, permanent, full-time jobs within the <br />first year representing a new annual payroll <br />of $120,000. The project will also maintain <br />seventy -five full-time and no part time jobs <br />representing an annual payroll of <br />$3,000,000. <br />0 <br />Manufacturing Technology has not been <br />granted any previous tax abatement <br />consideration, however a personal property <br />tax abatement was approved on August 8, <br />1988 under the Adams Engineering name. <br />That company was dissolved in 1991, the <br />equipment was sold off and the abatement <br />was terminated. <br />The property is properly zoned for the <br />proposed use. The property is located in an <br />area presently designated as a Tax <br />Abatement Impact Area and also in the <br />-12- <br />
The URL can be used to link to this page
Your browser does not support the video tag.