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South Bend Redevelopment Commission <br />Regular Meeting -June 2, 2000 <br />6. NEW BUSINESS (CONT.) <br />c. continued... <br />proposing to construct a 28,800 sq. ft. addition to <br />the existing building. The addition will allow for <br />the support of additional statement output and <br />sorting equipment. The total estimated cost of <br />the new addition is $2 million. This office <br />building will house The Associates AIS Output <br />Management Services Operation. Their <br />operations consist of computer processing, data <br />preparation and processing services. It processes <br />all Associates' in -house reports as well as the <br />processing and distribution of over 13 million <br />credit card statements per month for the <br />Associates as well as other outside vendors. <br />Per the petitioner, 75 new jobs will be created the <br />first year, representing a new annual payroll of <br />$3,000,000 and will maintain one hundred <br />twenty -five (125) existing permanent full time <br />jobs and part-time jobs with an annual payroll of <br />$4,800,000. <br />A review of the tax abatements previously <br />granted finds that the petitioner has been granted <br />one previous tax abatement. The building <br />commissioner has reviewed the petition and finds <br />the property to be properly zoned for the <br />proposed project. A review of the designated <br />South Bend Redevelopment areas finds that the <br />property is located in the Airport Economic <br />Development Area, which is a Tax Incremental <br />Allocation Area; therefore, the petition for real <br />property tax abatement must first be approved by <br />the South Bend Redevelopment Commission. <br />A review of the Tax Abatement Ordinance finds <br />that the petitioner does not meet the <br />qualifications for an abatement due to the <br />location and use of the proposed addition. The <br />-7- <br />