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Sp[iT8 g\ <br /> 1200 Coun-n,G7Y BUILDING A' ' <br /> /' � <br /> , PHONE 574/235-9371 <br /> 227W.JEFFFR50N BOULEVARD i \\ r <br /> FAX 574/235-)071 <br /> SOUTH BEND,INDIANA 46601-1830 <br /> rs <br /> 1865 <br /> CITY OF S01/11-1 BEND PETE BUTTIGJEG,MAYOR <br /> COMMUNITY & ECONOMIC DEVELOPMENT <br /> April 16,2012 <br /> Derek Dieter,President <br /> South Bend Common Council <br /> 435 County-City Building <br /> South Bend,Indiana 46601 <br /> RE:DECLARATORY RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH <br /> BEND,INDIANA,AUTHORIZING A PROPERTY TAX EXEMPTION FOR QUALIFIED <br /> ENTERPRISE INFORMATION TECHNOLOGY EQUIPMENT PURSUANT TO INDIANA CODE <br /> 6-1.1-10-44(DATA REALTY NORTHERN INDIANA,LLC PROJECT LOCATED AT 1440 <br /> IGNITION DRIVE SOUTH IN THE SIXTH COUNCIL DISTRICT) <br /> Dear President Dieter: <br /> Attached for filing please find the above-referenced Declaratory Resolution to be considered by the <br /> Common Council at its April 23, 2012 meeting. Approval of this Resolution would be the first step in <br /> providing property tax exemption for qualifying enterprise information technology equipment to Data <br /> Realty Northern Indiana, LLC. Attached as an Exhibit to the Resolution is a Letter Agreement wherein <br /> Data Realty states their project meets the requirements of State law in order to receive this exemption. <br /> Specifically,the project investment will be about$14.2 million,exceeding the required$10.0 million. $6.0 <br /> million of the investment is expected to be in equipment qualifying for the exemption. Additionally, the <br /> jobs to be created will have an average wage of$28.36/hour,exceeding the requirement that they be greater <br /> than 125% of the county average. The county average is about $18.50 /hour and 125% would be <br /> $23.13/hour. The Resolution and Letter Agreement are both in the form prescribed by Resolution 4089-11 <br /> approved by the South Bend Common Council March 14, 2011. Don Inks will be presenting the <br /> Resolution. <br /> Your favorable consideration is requested. Please do not hesitate to contact me if ou --4 ...' '- <br /> information. <br /> Filed in Clerk's Office <br /> Sin erely, <br /> JUL 26 i)i3 <br /> 7 D nald E. nks <br /> Jvr r s;€rou.4N • <br /> irector,Economic Development C11Y Ct.S'RK.sc <br /> COMMUNITY DEVELOPMENT ECONOMIC DCVO orMFxr <br /> PAWL/C.MEYER <br /> 5?4l755-9660 DC•uni3 E.INK <br /> FAX.5744735-9469 57405-9371 <br />