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25-08 Designating Resolution - Personal Property Tax Abatement for 445 North Sheridan Street
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01-27-2025
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25-08 Designating Resolution - Personal Property Tax Abatement for 445 North Sheridan Street
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1/22/2025 12:49:54 PM
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1/22/2025 12:49:51 PM
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For Staff Use Only Below This Line <br /> What Is the current assessed value? Real Property: $306,100 Personal Property: <br /> What is the projected assessed value? Real Property: $5,634,1 00 Personal Property: <br /> What is the tax key number(s)for this project? 71-08-04-376-017.000-026&TBD <br /> What Is the six digit NAICS code? <br /> Please attach a Google map and street view of the location. <br /> Please list the amount of real and personal property taxes Real Property Taxes: Personal Property Taxes: <br /> paid for the last five years when applicable. <br /> Tax Year 2023/Pay 2024 $10,588.54 $37,987.08 <br /> Tax Year 2022/Pay 2023 $10,702.26 $37,446.21 <br /> Tax Year 2021/Pay 2022 $14,866.31 $60,636.10 <br /> Tax Year2020/Pay 2021 $4,883.67 $28 597 82 <br /> Tax Year 2019 I Pay 2020 $8,706.00 $23,979.30 <br /> Please fill out the following Public Benefit Summary Information and add to total from above. <br /> lY or NI Points Points <br /> Public Benefit Item: <br /> Project Related: <br /> S A. Redevelop a Site that has Special Needs N 0 49 <br /> B. Develop Based on Local University Research N 0 35 <br /> C. Achieve a Physical Element of a Plan N 0 36 <br /> Sub-total Project Related: 120 <br /> 6 Super Size Projects(point values are cumulative): <br /> A. 100%to 199% Y 25 25 <br /> B. 200%to 299% Y 68 68 <br /> C. 300%to399% Y 65 65 <br /> D. 400%and Over Y 52 52 <br /> Sub-total Super Size Projects: 210 <br /> 7 Pay for Municipal Infrastructure: <br /> A. Pay for Oversizing or Upgrading N 0 14 <br /> B. Pay for 26-50%of Extension Cost N 0 26 <br /> C. Pay for 51-75%of Extension Cost N 0 39 <br /> D. Pay for 76-100%of Extension Cost N <br /> 0 52 <br /> Sub-total Infrastructure Related: 131 <br /> Total from Applicant Section: 361 539 <br /> Total from Staff Section: 210 461 <br /> Total Public Benefit Points: 571 1000 <br />
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