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03-23-09 Common Council Meeting Agenda & Packet
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03-23-09 Common Council Meeting Agenda & Packet
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9/1/2015 12:21:11 PM
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3/19/2009 11:11:05 AM
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City Council - City Clerk
City Council - Document Type
Agendas
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CITY OF SOUTH BEND PETITION FOR <br />TANGIBLE PERSONAL PROPERTY TAX ABATEMENT CONSIDERATION <br />The undersigned owner(s) of new manufacturing equipment, personal property, <br />located within the City of South Bend, hereby petitions the Common Council of the <br />City of South Bend for personal property (new manufacturing equipment) tax <br />abatement consideration and pursuant to I.C. 6 -1.1 -12.1, et seq., and South Bend <br />Municipal Code Section 2 -84.2, et seq., for this petition states the following: <br />1. Describe the proposed project, including information about the new <br />manufacturing equipment personal property (Aequipment @) to be installed, the <br />amount of land to be used, if any, the proposed use of the equipment, and a <br />general statement as to the value of the project to your business. <br />New manufacturing equipment: Tire Shredding Machine -- to be placed at <br />existin2 location and to supplement existin2 equipment. This unit will double <br />our capacity to recycle solid rubber tires into rubber mulch. 99% of a used tire_ <br />is recycled and put to use in various forms: rubber mulch for landscaping, <br />curbing, tire derived fuel, pavement additive, etc. For every 40,000 pounds of <br />tires that are recycled we save 1750 cubic feet of landfill space. <br />2. The project will create 3 new, permanent jobs within the first year, <br />representing a new annual payroll of $ 60,000 and will maintain <br />_ 4 existing permanent full -time and 1 existing part - <br />time jobs representing an annual payroll of $ 160,000 . The <br />projected annual salaries for each new position created are estimated to be as <br />follows: <br />Production worker: $8.00 hour start, $8.50 after 30 day probation, with <br />_monetary reviews thereafter at 6 months and then annually. Overtime is at 1.5 <br />Maintenance: $12.00+ per hour start, DOE <br />3. Estimate the total cost of the Equipment: $200,000 <br />4. (a) The Equipment is owned or to be owned by the following individuals or <br />corporations (if the business organization is publicly= held, indicate also the <br />name of the corporate parent, if any, and the name under which the <br />corporation has filed with the Securities and Exchange Commission): <br />(Revised 8/2/02) 1 <br />
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