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RM 07-16-99
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RM 07-16-99
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11/2/2012 2:56:35 PM
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South Bend Redevelopment Commission <br />Regular Meeting - July 16, 1999 <br />6. NEW BUSINESS (CONT.) <br />1. continued... <br />company continues to capture a bigger <br />market share. The development of the <br />company since start-up in 1997 has been <br />successful and the capacity has been <br />reached earlier than expected. The <br />estimated project cost is $1,300,000. <br />Per the petition, it is estimated that <br />this project will create two new, <br />permanent, full -time jobs within <br />the first year, representing a new <br />annual payroll of $60,000 and will <br />maintain 36 existing, permanent, <br />full -time jobs and no part-time jobs <br />representing an annual payroll of <br />$1,977,000. <br />A review of the tax abatements <br />previously granted, finds that <br />Haldex Garphyttan has been <br />granted two previous tax <br />abatements. <br />Haldex Garphyttan is in <br />compliance with the reporting <br />requirements for the previous <br />abatement. <br />The building commissioner has <br />reviewed the petition and finds the <br />property to be properly zoned for <br />the proposed project. <br />HAWPDATATOMMSM071699 Minutesmpd -15- <br />
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