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Confirming Tax Abatement - Curtis Products Inc 228 E. Bronson St. (5 Yr. Personal Property)
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Confirming Tax Abatement - Curtis Products Inc 228 E. Bronson St. (5 Yr. Personal Property)
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1/18/2013 10:51:32 AM
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1/18/2013 10:51:31 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
1/14/2013
Ord-Res Number
4230-13
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CITY OF SOUTH BEND PETITION FOR TANGIBLE <br /> PERSONAL PROPERTY TAX ABATEMENT CONSIDERATION <br /> The undersigned owner(s) of new manufacturing equipment, new research and <br /> development equipment, new logistical distribution equipment and/or new information <br /> technology equipment, all personal property, located within the City of South Bend, <br /> hereby petition the Common Council of the City of South Bend for personal property <br /> (new manufacturing equipment, new research and development equipment, new <br /> logistical distribution equipment and/or new information technology equipment) tax <br /> abatement consideration and pursuant to I.C., 6-1.1-12.1, et seq., and South Bend <br /> Municipal Code Section 2-84.2, et seq., for this petition state the following: <br /> 1. Describe the proposed project, including information about the new personal <br /> property identified as manufacturing, research and development, logistical <br /> distribution and/or information technology equipment ("Equipment") to be installed, <br /> the amount of land to be used, if any, the proposed use of the Equipment, and a <br /> general statement as to the importance of the project to your business. <br /> Socco two inch capacity electric CNC tube bender $226,256.00 <br /> Hose crimping machine $ 16,122.00 <br /> 4 tank cleaning line with hoist and automation $245,300.00 <br /> Manchester M78 end forming machine $ 95,000.00 <br /> MK2 Pillar induction braze machine $ 62,000.00 <br /> Air compressor 60 HP $ 30,000.00 <br /> 2. The project will: (a) create 9 permanent, full-time and ° permanent, part- <br /> time jobs within the first year, representing a new annual payroll of$ 230,000.00 • <br /> and (b) maintain 324 existing, permanent, full-time and 7 existing, <br /> permanent, part-time jobs representing an annual payroll of$10,300,000.00 for <br /> existing employees. <br /> 3. Provide current wage information for existing employees including: base rate, cost- <br /> of-living allowances, hazardous-duty pay, incentive pay including commissions and <br /> production bonuses, on-call pay and tips (please show average hourly rate or <br /> range). Do Not Include: back pay, jury duty pay, overtime pay, severance pay, <br /> shift differentials, non-production bonuses, and tuition reimbursements. <br /> Full-Time Part-Time <br /> Laborers $ 12.00 $ 10.54 <br /> Technical $ 16.75 $ N/A <br /> Managerial $ 33.00 $ N/A <br /> Administrative $ 20.00 $ N/A <br /> (Rev. 5/13/11) 1 <br />
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