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RM 12-03-99
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RM 12-03-99
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South Bend Redevelopment Commission <br />Regular Meeting - December 3, 1999 <br />6. NEW BUSINESS (CONT.) <br />b. Commission approval requested for <br />Resolution No. 1720 approving an <br />application for real property tax <br />deduction for property at 1202 S. <br />Lafayette Boulevard in the Sample - <br />Ewing Development Area. (PTD <br />Properties, Inc. (Brass Eagle Family <br />Billiards, Inc.) <br />Cassandra Phillips presented the following <br />staff report to the Commission for its <br />consideration. <br />PTD Properties, Inc. (Brass Eagle Family <br />Billiards, Inc.) provides recreation for the <br />entire family. This rehabilitation project <br />will consist of enclosing a dock to enlarge <br />the family recreation area, installation of <br />bowling lanes and pool tables and <br />improvements to the second floor of the <br />building to expand the recreation area. <br />The project will also include parking lot <br />repavement, improvements and lot <br />acquisition. The estimated cost of the <br />project is $495,000. <br />Per the petition, it is estimated that this <br />project will create eight new, permanent <br />jobs within the first year, representing a <br />new annual payroll of $114,400 and will <br />maintain four existing, permanent, full - <br />time jobs and three part-time jobs <br />representing an annual payroll of $93,600. <br />c 7- <br />
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