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South Bend Redevelopment Commission <br />Regular Meeting - May 1, 1998 <br />6. NEW BUSINESS (CONT.) <br />b. continued.... <br />buildings are a continuation of the <br />development of the Ameriplex Industrial <br />Park. Enterprise Centre Partners L.P. has <br />already erected a 100,000 sf building <br />directly across from this site. That <br />building was granted tax abatement in <br />1997. Through a voluntary annexation, <br />the industrial park is now within the South <br />Bend City limits and this tax abatement <br />request must be considered by the <br />Redevelopment Commission and the <br />Common Council. The total cost for both <br />buildings will be approximately $5.1 <br />million. <br />Enterprise Centre Partners L.P. estimates <br />that this project will create as many as one <br />hundred and thirty (13 0) new permanent <br />jobs within the first year, representing a <br />new annual payroll in excess of $2.6 <br />million. A review of the tax abatements <br />previously granted finds that Enterprise <br />Centre Partners L.P. has not been granted <br />any previous tax abatements; however, the <br />partners of Enterprise Center Partners L.P. <br />have been associated with several previous <br />tax abatements. The associated entities are <br />in compliance with the reporting <br />requirements for the previous abatements. <br />The building commissioner has reviewed <br />the petition and finds the property to be <br />properly zoned for the proposed project. <br />A review of the South Bend <br />Redevelopment designation areas finds <br />that the property is located in the Airport <br />Economic Development Area, which is a <br />c 7- <br />