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RM 05-20-94
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RM 05-20-94
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South Bend Redevelopment Commission <br />Regular Meeting - May 20, 1994 <br />6. NEW BUSINESS (Cont.) <br />L Commission approval requested for <br />Resolution No. 1257 approving an <br />application for personal property tax <br />deduction for property located at 3900 <br />William Richardson Court in the Airport <br />Economic Development Area. (Tech Data <br />Corporation) <br />Mr. Beitzinger read the staff report on the <br />project. Tbch Data is a national company <br />in the business of distributing micro <br />computer related software and hardware <br />products. They intend to install <br />$3,000,000 worth of various equipment <br />which will be utilized in their warehousing <br />and distribution process. Tbch Data will <br />be leasing 100,000 sq. ft. of space in a <br />new facility located in the Toll Road <br />Industrial Park. The lessor received a ten <br />year tax abatement in March of this year. <br />As noted in the lessor's petition for real <br />property tax abatement, this project will <br />create between thirty and fifty new <br />permanent jobs within the first year <br />representing an annual payroll of <br />approximately $750,000. <br />Tech Data has not been directly granted <br />any previous tax abatement, however it <br />will benefit from a ten year real property <br />abatement granted to Toll Road Industrial <br />Partners in March 1994. The property is <br />properly zoned for the proposed use. The <br />property is not located in an area presently <br />designated as a Tax Abatement Impact <br />Area, but is located in the Airport <br />Economic Development Area which is a <br />Thx Increment Financing Allocation Area. <br />The project meets the qualifications for a <br />-16- <br />
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