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06-22-09 Common Council Meeting Agenda & Packet
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06-22-09 Common Council Meeting Agenda & Packet
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6/18/2009 12:57:34 PM
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City Council - City Clerk
City Council - Document Type
Agendas
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EMPLOYMENT IMPACT <br />Per the petition, there are no estimates regarding creation of new or existing, permanent, full orpart- <br />timejobs for the Ontario Building due to the speculative nature of the project. However, the Huron <br />Building currently has a total of 77 employees working there. <br />ABATEMENT QUALIFICATION <br />Neither Waggoner Farm nor Ontario Partners has received a previous tax abatement. The Huron <br />Building received anine-year real property tax abatement on August 14, 2006 (Resolution No. <br />3622-06). Holladay Properties, developer for the Ontario and Huron Buildings, has received <br />previous tax abatements through various limited partnerships and limited liability corporations. <br />2. The Building Commissioner has reviewed the petition and finds the properly to be properly <br />zoned for the proposed project. <br />A review of the South Bend Redevelopment designation areas finds that the property will be <br />located in the Airport Economic Development Area, which is a Tax Incremental Allocation Area; <br />therefore, the petition for real property tax abatement must first be approved by the South Bend <br />Redevelopment Commission. <br />4. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner does meet the <br />qualifications for asix-year real property tax abatement under Section 2-82, Industrial <br />Development City-Wide. <br />
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