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Designating Tax Abatement - Vacant Land Adjacent to 3305 Lathrop Drive - Gateway Plaza Real Estate, LLC
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Designating Tax Abatement - Vacant Land Adjacent to 3305 Lathrop Drive - Gateway Plaza Real Estate, LLC
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Last modified
3/11/2009 3:09:32 PM
Creation date
3/11/2009 3:09:31 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
12/8/2008
Ord-Res Number
3928-08
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SCORING MATRIX: <br />CLASSIFICATION SCORE <br />Industrial/Manufacturing 8 <br />Life Science 8 <br />Research/Development 7 <br />Technical Service Centers (call centers, back-office operations) 6 <br />Warehousing/Distribution (minimum 30,000 square feet) 5 <br />Commercial Development (Riverfront) 4 <br />INVESTMENT <br />$12 million or greater 10 <br />$7 million to 12 million 7 <br />$2 million to $7 million 4 <br />$1 million to $2 million 1 <br />PERMANENT JOBS CREATED AND RETAINED (3 year maximum project timeline) <br />• 100% Points Value granted on wages above current avera eg hourlYwa~e for classification <br />based on Indiana Department of Workforce Development statistics for Southeastern Indiana. <br />• 50% Points Value granted on $9.50 per hour up to current average hourly wage for <br />classification based on Indiana Department of Workforce Development statistics for <br />Southeastern Indiana. <br />150 plus 14 <br />125 to 149 12 <br />100 to 124 10 <br />75 to 99 8 <br />50 to 74 6 <br />25 to 49 4 <br />lOto24 2 <br />EXISTING INDUSTRYBUSINESS 3 <br />EMPLOYEE HEALTH INSURANCE 5 <br />(Min. 50°lo employer sponsored) <br />
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