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TAX ABATEMENT REPORT <br /> TO: SOUTH BEND COMMON COUNCIL <br /> FROM: BROCK ZEEB <br /> SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR: <br /> FedEx Ground Package Systems,Inc. <br /> DATE: August 17, 2015 <br /> i <br /> a <br /> On Tuesday, August 4, 2015, a petition from FedEx Ground Package System, Inc., was <br /> o <br /> received and subsequently filed with the City Clerk for personal property tax abatement <br /> consideration for property to be located at 5115 Dylan Drive, South Bend, IN 46628. <br /> Pursuant to Chapter 2,Article 6,Section 2-84.2 of the Municipal Code of the City of South <br /> Bend,this petition was referred to the Department of Community Investment for purposes <br /> of investigation and preparation of a report determining whether the area qualifies as an <br /> Economic Revitalization Area pursuant to I.C.6-1.1-12.1 and whether all zoning <br /> requirements have been met. <br /> The Department of Community Investment has reviewed the petition (a copy of which is $ <br /> attached),investigated the area, and makes the following report. €! <br /> PROJECT SUMMARY <br /> > Purchase new equipment to accommodate their anticipated growth. FedEx will be <br /> relocating the workforce from their Mishawaka based facility to the new, larger <br /> facility in South Bend. <br /> > New project taxes over the five year abatement period—$1,286,801 <br /> > Estimated taxes being abated over the five year abatement period—$592,944 . p <br /> > Total taxes to be paid on new and existing equipment over five year abatement ! <br /> period—$693,857 <br /> EMPLOYMENT IMPACT 1 <br /> Per the petition, it is estimated that the total project will: 1 <br /> > Create 6 permanent, full-time jobs within the five year abatement period, <br /> representing a new annual payroll of$276,432 <br /> > 71 total jobs will be created(6 full time and 65 part time)with a total annual payroll <br /> of$1,079,524 <br /> > 19 permanent full-time jobs will be relocated from Mishawaka to South Bend with <br /> a total annual payroll of$875,216. <br /> ➢ 127 total jobs will be relocated from Mishawaka to South Bend (19 full time and <br /> 108 part time)with a total annual payroll of$2,209,665 <br /> PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES 1 <br /> JITIN KAIN PAMELA C.MEYER CHRIS FIELDING BROCK ZEES <br />