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South Bend Redevelopment Commission <br />Regular Meeting - March 21, 1997 <br />6. NEW BUSINESS (Cont.) <br />a. continued.... <br />compliant restrooms and a training room. <br />The smaller building, approximately 8,000 <br />sft., will have upgraded lighting and be <br />used for overnight auto storage. Per the <br />petition, it is estimated that this project <br />will create ten (10) new, permanent, full - <br />time jobs representing a new annual <br />payroll of $201,440. <br />A review of the tax abatements previously <br />granted finds that Davis and Groome has <br />not been granted any previous tax <br />abatement consideration. <br />The building commissioner has reviewed <br />AW the petition and finds the property to be <br />properly zoned for the proposed project. <br />A review of the tax abatement designation <br />maps finds that the property is located in <br />the Tax Abatement Impact Area and the <br />Economic Development Target Area, the <br />latter of which is required for tax <br />abatement eligibility. A review of the <br />South Bend Redevelopment areas finds <br />that the property is located in the Sample - <br />Ewing Development Area, which is a Tax <br />Incremental Allocation Area, therefore, <br />the petition for real property tax <br />abatement must be first approved by the <br />South Bend Redevelopment Commission. <br />A review of the Tax Abatement <br />Ordinance finds that Davis and Groome, <br />an Indiana Partnership meets the <br />qualifications for a six (6) year real <br />property tax abatement. <br />H:\ HOME\ CPHIPPS \WPDATA \COMMSN\032197.MIN -5- <br />