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Confirming Tax Abatement - JSK Development, Inc./Southhold, LLC 111 S. St. Joseph St. (2 Year Vacant Building)
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Confirming Tax Abatement - JSK Development, Inc./Southhold, LLC 111 S. St. Joseph St. (2 Year Vacant Building)
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6/25/2015 10:08:14 AM
Creation date
6/25/2015 9:29:49 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
6/22/2015
Ord-Res Number
4456-15
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first year, representing a new annual payroll of $884,083.20 <br />➢ Retain 0 permanent, full -time jobs with an annual payroll of $0 <br />➢ Create a total of 38 permanent, full -time and zero (0) permanent, part-time jobs, <br />representing a total annual payroll of $1,108,723.20. In addition, JSK <br />Development, Inc. will be relocating approximately 32 jobs from their corporate <br />office into the downtown building <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 two (2) vacant building tax abatement under section <br />IC. 6-1.1-12.1-4.8. <br />
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