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Confirming Tax Abatement - 511 East Colfax & 210 North Niles - Odyssian Technology 6 Year
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Confirming Tax Abatement - 511 East Colfax & 210 North Niles - Odyssian Technology 6 Year
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Last modified
10/8/2007 3:03:34 PM
Creation date
10/8/2007 2:51:30 PM
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Template:
City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
4/9/2007
Ord-Res Number
3729-07
Bill Number
07-25
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6. The commonly known address of the Property is: <br />511 E Colfax South Bend, IN & 210 Niles Ave. South Bend, IN <br />7. The Key Number(s) of said property is: 18-5005-0116,18-5005-0118, & <br />18-5005-0119 <br />7.A legal description of the above address is attached hereto, marked AExhibit <br />A,@ and incorporated herein. Kev# 18-5005-0119 - 42' E End Lot 84 & 42' E <br />End 1 Rd Side Lot 83 OP Lowell <br />Kev# 18-5005-0118 - W 38.25' of E 80.25' Lot 84 W <br />38.25' Of E 80.5' S 16.5' Lot 83 OP Lowell <br />Kev# 18-5005-0116 -Mid Pt 83 Ex 3' X 84.75' SW <br />Cor OP Lowell <br />9. A map and/or plat describing the Property is attached hereto, marked AExhibit <br />B,@ and incorporated herein. <br />10. Photographs of the property, taken within two (2) weeks of filing of this petition, <br />are attached hereto, marked AExhibit C,@ and incorporated herein. <br />11. The redevelopment or rehabilitation project itself will create 3 full-time and 0 <br />part-time permanent jobs within the first year, representing a new annual payroll <br />of $155,440.00 and will maintain 3 existing permanent full-time and o existing <br />permanent part-time jobs including existing permanent full-time minority <br />employment of 1 women and existing permanent part-time minority employment <br />of o with an annual payroll of $ 224,593.60 (total $380,033.60 part time contract not <br />included <br />12. The projected annual salaries for each new position indicated above are <br />estimated to be as follows (If more space is needed, please attach a separate <br />sheet}: <br />Electrical Engineer (*1) $55,000-$70,000 per vear <br />Mechanical Engineer (*1) $55,000-$70,000 per vear <br />Business Operations Assistant $38,000- $40,000 <br />(Rev 8/11/03) <br />
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