Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting - June 21, 1996 <br />6. NEW BUSINESS (Cont.) <br />a. continued... <br />annual payroll of $44,000 and will <br />also create a number of new jobs <br />associated with the retail/commercial <br />space, however these numbers cannot <br />be predicted at this time. Review of <br />this petition for tax abatement finds <br />that South Bend Heritage Foundation <br />have not been granted any previous <br />abatement consideration, however, <br />South Bend Heritage Foundation has <br />been associated with two previous tax <br />abatements. The first was granted in <br />August of 1992. The second was <br />granted in January 1995. In each of <br />the previous tax abatements they are <br />in compliance with the reporting <br />requirements. The property has been <br />rezoned for the proposed use. A <br />review of the tax abatement areas <br />finds that the property is located in <br />an area presently designated as a Tax <br />Abatement Impact Area, as well as <br />the Economic Development Target <br />Area and the Central Business <br />District. A review of the <br />Redevelopment areas finds that the <br />property is located in the South Bend <br />Central Development area, which is a <br />Tax Incremental Allocation Area, <br />therefore, the petition first requires <br />the approval of the South Bend <br />Redevelopment Commission. A <br />review of the Tax Abatement <br />Ordinance finds that Robertson's, <br />LLC., meets the qualifications for a <br />-4- <br />