My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
04-22-2024 AGENDA PACKET
sbend
>
Public
>
Common Council
>
Common Council Agenda Packets
>
2024
>
04-22-2024 Common Council Meeting
>
04-22-2024 AGENDA PACKET
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/18/2024 2:28:02 PM
Creation date
4/18/2024 2:26:58 PM
Metadata
Fields
Template:
City Council - City Clerk
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
96
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
LETTER AGREEMENT REGARDING <br />ENTERPRISE INFORMATION TECHNOLOGY EQUIPMENT <br />TAX EXEMPTION <br />April 16,2012 <br />The Common Council <br />City of South Bend,Indiana <br />227 West Jefferson Blvd.•Suite 400 S <br />South Bend,Indiana 46601 <br />Dear Honorable Council Members: <br />Data Realty Northern Indiana, LLC (the "Company") requests that the Common Council (theCommonCouncil") of the City of South Bend, Indiana (the "City"), take such action as is <br />necessary and required pursuant to Indiana Code §6-1.1-10-44(the"Act")in order to determine <br />that certain enterprise information technology equipment of the Company is exempt from <br />property taxation pursuant to the Act. <br />The Company proposes to locate a project at 1440 Ignition Drive South (the "Site") which is <br />located within the boundaries of the City (the "Project") which Project will result in a capitalinvestmentinrealandpersonalpropertyattheSiteof$14.2 million. $6.0 million of the personal <br />property improvements will be attributable to the installation at the Site of enterprise information <br />technology equipment which will include but be not limited to the equipment listed at Exhibit A <br />attached hereto and incorporated herein and also any enterprise information technology <br />equipment which may in the future replace the equipment listed at Exhibit A. Additionally,the <br />jobs created by the Project will result in an average employee wage of$28.36 per hour, which <br />exceeds 125%of the county average wage for St.Joseph County,Indiana. <br />On behalf of the Company, the undersigned hereby certifies that Company constitutes an <br />Eligible Business" as such term is defined in the Act because the Company meets each of the <br />following requirements: <br />a) The Company is engaged in a business that,upon completion of the Project,will operate <br />one or more facilities dedicated to computing,networking,or data storage activities; <br />b) The Company is located in a facility or data center in Indiana; <br />c) The Company will have invested upon completion of the Project in the aggregate at least <br />10,000,000 in real and personal property which investment will have occurred after <br />June 30,2009;and <br />d) The average employee wage of the Company at the Site is at least 125%of the county <br />average wage for St.Joseph County,Indiana. <br />BDDBO]6546827v3
The URL can be used to link to this page
Your browser does not support the video tag.