Confirming Tax Abatement - JSK Development, Inc./Southhold, LLC 121 S. St. Joseph St. (9 Year Real Property)

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first year, representing a new annual payroll of $884,083.20 upon opening. ➢ Retain 0 permanent, full -time jobs with an annual payroll of $0 ➢ Create a total of 38 permanent, full -time and zero (0) permanent, part-time jobs, representing a total annual payroll of $1,108,723.20. In addition, JSK Development, Inc. will be relocating approximately 32 jobs from their corporate office into the downtown building ABATEMENT QUALIFICATION A review of the tax abatements previously granted, finds that the petitioner has not been granted or associated with any previous abatements. 2. The Building Commissioner has reviewed the petition and finds the property to be properly zoned for the proposed project. 3. A review of the South Bend Redevelopment designation areas finds that the property is located in the River West Development Area. 4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner meets the qualifications for up to a (9) nine -year real property tax abatement under section 2 -84.2, Real Property Tax Abatement.