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Per the petition, it is estimated that the project will (a) create 30 permanent, full time <br />position within the first 2 years, representing a new annual payroll of $ 967,200 (b) retain <br />20 full time positions, representing a payroll of $644,800. The Project will create 40 full <br />time positions over 10 years, representing $1,289,600 of annual payroll. <br />ABATEMENT QUALIFICATION <br />A review of the tax abatements previously granted, finds that the petitioner has not <br />been granted or associated with any previous abatements. <br />2. The Building Commissioner has reviewed the petition and finds the property to be <br />properly zoned for the proposed project. <br />3. A review of the South Bend Redevelopment designation areas finds that the property <br />is located in the River West Development Area <br />4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner <br />meets the qualifications for a (5) five -year personal property tax abatement under <br />section 2 -84.2, Tangible Personal Property Tax Abatement, <br />January 16, 2015 <br />p. 2 <br />ME Wholesale, Inc. <br />