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24-39 Designating Resolution - 530 South Michigan Street Vacant Building Tax Abatement
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11-25-2024
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24-39 Designating Resolution - 530 South Michigan Street Vacant Building Tax Abatement
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11/20/2024 12:59:04 PM
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Complete the table below for Real Property Tax Abatement only. <br /> *** Sign at the bottom for all requested incentives (real AND personal property). *** <br /> Public Benefit Item: <br /> Information is required on both the construction companies and the I <br /> companies which will provide materials purchased for this project. <br /> Please complete the table below with the appropriate information. If Qualify Earned Points Available Points <br /> (Yes or No) <br /> you qualify for the points,please enter the full amount of available <br /> points. <br /> 1 Construction Related(Contractors): <br /> A. Employ Local Companies(75%) Y 20 20 <br /> B. Purchase Materials from Local Companies(75%) Y 20 20 <br /> C Require Employees vs.Independent Contractors N 0 19 <br /> D. Require Prevailing Wage N 0 22 <br /> E. Require Health Benefits N 0 22 <br /> F. Require Retirement Benefits N 0 18 <br /> G. Maintain Affirmative Action Plan N 0 20 <br /> Sub-total Construction Related: 40 141 <br /> 2 Wage&Benefit Related(Owner): <br /> A. Pay Target Wage Levels Y 33 33 <br /> B. Provide Health Benefits N 0 34 <br /> C. Provide Retirement Benefits N 0 29 <br /> D. Provide Training Y 28 28 <br /> E. Provide Child Care N 0 15 <br /> F Provide Transportation Assistance N 0 14 <br /> G. Provide Employer Assisted Housing program B 0 9 <br /> Sub-total Wage&Benefit Related: 61 162 <br /> 3 Workforce Related: <br /> A. Create New Jobs Y 42 42 <br /> B. Retain Existing Jobs Y 41 41 <br /> C. Maintain Affirmative Action Plan Y 35 35 <br /> D. Provide Targeted Hiring Preference Y 34 34 <br /> Sub-total Workforce Related: 1 52 152 <br /> 4 Support a Municipal Facility: <br /> Support a SB Municipal Facility(donations to the <br /> A <br /> zoo,conservatory,museum,etc.) Y 84 84 <br /> Name of Facility SB VPA(Potawatomi Conservatories) <br /> ISub-total Municipal Facility: 84 84 <br /> Sub-total from Above: 337 539 <br /> The undersigned owner(s)of real property,located within the City of South Bend,herby petition the Common Council of the City <br /> of South Bend for a real and/or personal property tax abatement consideration and pursuant to I.C.,6-1.1-12.1-1,et seq.,and <br /> South Bend Municipal Code Sec.2-76 et seq.,for this petition state the above. <br /> Submitted By: Jasmine Bradley 'ue,mire ra. (ek1 Date: 10/16/24 <br />
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