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01-24-2022 Agenda Packet
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01-24-2022 Agenda Packet
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4/12/2022 3:32:15 PM
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1/20/2022 5:00:17 PM
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<br /> <br />EMPLOYMENT IMPACT <br /> <br />Per this petition, it is estimated that the company will: <br /> Retain twenty-five (25) permanent full-time jobs representing a total annual <br />payroll of $1,650,000 and create, at least, seventy-five (75) new full-time jobs with <br />an estimated total annual payroll of $2,750,000. <br /> <br /> <br />ABATEMENT QUALIFICATION <br /> <br />1. A review of the tax abatements previously granted, finds that the petitioner has not <br /> been granted any tax abatements. <br /> <br />2. The Area Plan Commission has reviewed the petition and finds the property to be <br /> properly zoned for the proposed project. <br /> <br />3. A review of the South Bend Redevelopment designation areas finds that the property <br />is located in the River West Development Area. <br /> <br />4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner <br />meets the qualifications for the nine (9) year real property and five (5) year <br />personal property tax abatements under section 2-82.1, Industrial development in <br />Urban Enterprise Zone and Redevelopment Blighted Areas, and section 2-84.2, <br />Tangible Personal Property Tax Abatement. <br />
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