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5076-24 Reconfirming Resolution Aunalytics, Inc.
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5076-24 Reconfirming Resolution Aunalytics, Inc.
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10/15/2024 11:50:13 AM
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5/16/2024 9:03:23 AM
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• The Qualified Property is and will be located at the Ignition Drive location; <br /> • Upon completion of the Project,the Company will have invested more than$30 million in <br /> the aggregate in real and personal property at the Ignition Drive location after June 30, <br /> 2012; and <br /> • The average wage of Company employees located in the City and engaged in the operation <br /> of the Ignition Drive location is $42.03 per hour, which exceeds one hundred twenty-five <br /> percent(125%)of the average wage for St. Joseph County. <br /> The undersigned,for and on behalf of the Company,further asserts and certifies that the enterprise <br /> information technology equipment listed in Exhibit 1 is Qualified Property as defined by the Act: <br /> • The equipment does not constitute computer hardware designed for single user, <br /> workstation, or departmental level use; <br /> • The equipment will be purchased after June 30, 2012;and <br /> • The equipment constitutes: <br /> o Hardware supporting computing, networking, or data storage functions, including <br /> servers and routers; <br /> o Networking systems having an industry designation as equipment within the <br /> "enterprise" or "data center" class of networking systems that support the <br /> computing,networking, or data storage functions; or <br /> o Generators and other equipment used to ensure an uninterrupted power supply to <br /> equipment described above. <br /> The Company acknowledges and agrees that,to the extent that it no longer qualifies as an Eligible <br /> Business as defined herein and under the Act or to the extent that the enterprise information <br /> technology equipment for which the Company desires the tax exemption no longer qualifies as <br /> Qualified Property as defined herein or in the Act, said enterprise information technology <br /> equipment will no longer be subject to the tax exemption. <br /> Based on the approximately $30 million in total costs on personal property throughout the life of <br /> the Project,the estimated personal property tax savings to the Company related to this exemption <br /> is$2 million to$3 million. <br /> [Signature Page Follows] <br /> 2 <br />
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