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South Bend Common Council <br />RE: Tax Abatement for Swing- Batter - Swing, LLC <br />August 26, 2014 <br />Page 2 <br />Hawks baseball season. <br />The Common Council is asked to approve this as an exception to the current Code as service <br />industries are not targeted for development in the Code. <br />Based on an eight year abatement, taxes abated would be $103,256 and net tax paid would be <br />$143,508. <br />EMPLOYMENT IMPACT <br />Per the petition, one job will be created with a payroll of $30,000. <br />ABATEMENT QUALIFICATION <br />A review of the tax abatements previously granted finds that the Petitioner, Swing-Batter-Swing, <br />LLC has not been granted any previous abatements. <br />2. The Building Commissioner has reviewed the petition and finds the property to be properly zoned <br />for the proposed project. <br />3. The property is located in the Central Business District. <br />4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner meets the <br />qualifications for an (8) eight -year real property tax abatement under section 2 -84, Council's <br />Authority To Enlarge Real Property General Standards. . <br />PP,ESENTED <br />f4QT APi RO. <br />y . W 014 <br />OIL ! I it. 3 OUTH BEND, IN <br />