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South Bend Common Council <br />RE: James F. and Sandra M. McCune <br />June 30, 2008 <br />Page 2 <br />EMPLOYMENT IMPACT <br />Per the petition, it is estimated that the total project will create six (6) new, permanent, full-time jobs <br />and one (1) part-time job representing a new annual payroll of $180,000. The prof ect will also retain <br />twelve (12) existing, permanent, full-time jobs representing an annual payroll of $350,000. <br />ABATEMENT QUALIFICATION <br />1. A review of the tax abatements previously granted finds that the petitioner has been granted or <br />associated with the following previous tax abatements: <br />Term/Type Resolution Number Date <br />5 Year Real Property 3391-04 October 11, 2004 <br />2. The Building Commissioner has reviewed the petition and finds the property to be properly <br />zoned for the proposed project. <br />3. A review of the South Bend Redevelopment designation areas finds that the property is located <br />in the Airport Economic Development Area, which is a Tax Incremental Allocation Area; <br />therefore, the petition for real property tax abatement must first be approved by the South Bend <br />Redevelopment Commission. <br />4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the <br />qualifications for afour-year (4) real property tax abatement under Section 2-82.1, Industrial <br />Development in the Urban Enterprise Zone and Redevelopment Blighted Areas. <br />