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South Bend Common Council <br /> RE: PP Tax Abatement for EW Marine, Inc. DBA Indiana Rotomolding, Inc.. <br /> October 31, 2012 <br /> Page 2 <br /> EMPLOYMENT IMPACT <br /> Per the petition,it is estimated that the total project will create at least twenty(20)new,permanent, <br /> full-time jobs in the first year of production representing a new annual payroll of at least$900,000. <br /> The project will maintain seventy(70)existing,permanent,hall-time jobs with a total annual payroll <br /> of$2,500,000. <br /> ABATEMENT QUALIFICA'T'ION <br /> 1. A review of tax abatements previously granted finds that the petitioner has been granted or <br /> been associated with two previous tax abatements: <br /> Type Resolution Number Date <br /> 4 year real property abatement 3678-07 January 08, 2007 <br /> 3 year real property abatement 4206-12 October 08, 2012 <br /> 2. The Building Commissioner has reviewed the petition and finds the property to be properly <br /> zoned for the proposed project. <br /> 3. A review of the South Bend Redevelopment designation areas finds that the property is <br /> located in the Airport Economic Development Area, which is a Tax Incremental Allocation <br /> Area. <br /> 4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the <br /> qualifications for a (5) five-year personal property tax abatement under section 2-84.2, <br /> Tangible Personal Property Tax Abatement. <br />