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Confirming Tax Abatement - 840 United Drive - Nelson Dee, LLC
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Confirming Tax Abatement - 840 United Drive - Nelson Dee, LLC
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Last modified
10/17/2007 2:27:30 PM
Creation date
10/17/2007 1:09:12 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
9/24/2007
Ord-Res Number
3790-07
Bill Number
07-104
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4. The current assessed valuation of the real property before rehabilitation, <br />redevelopment, economic revitalization, or improvement: $ 915,300 <br />5. (a) The real property for which tax abatement consideration is petitioned (Property) is owned <br />or to be owned by the following individuals or corporations (if the business organization <br />is publicly held, indicate also the name of the corporate parent, if any, and the name under <br />which the corporation has filed with the Securities and Exchange Commission): <br />NAME ADDRESS INTEREST (%) <br />NELSON DEE, LLC AND/OR 840 UNITED DRIVE <br />SUCCESSORS/TRANSFEREES SOUTH BEND, IN 46601 100% <br />(b) The following other person(s) lease, intend to lease, or have an option to buy the Property <br />(include corporate information as required in 5(a) above, if applicable); <br />NAME ADDRESS INTEREST(%) <br />UNITED BEVERAGE CO. OF SOUTH BEND 840 UNITED DRIVE ~ OO% <br />AND/OR SUCCESSORS/TRANSFEREES SOUTH BEND, IN 46601 <br />6. The commonly known address of the Property is: 840 UNITED DRIVE, SOUTH <br />BEND, INDIANA 46601 <br />7. The Key Number(s) of said property is: 18-3046-1772 <br />8. A legal description of the above address is attached hereto, marked Exhibit <br />A,@ and incorporated herein. <br />9. A map and/or plat describing the Property is attached hereto, marked Exhibit <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 Exhibit C,@ and incorporated herein. <br />11. The redevelopment or rehabilitation project itself will create full-time and <br />part-time permanent jobs within the first year, representing a new <br />annual payroll of $ and will maintain 63 existing permanent full- <br />timeand 8 existing permanent part-time jobs including existing permanent full- <br />time minority employment of 7 and existing permanent part-time minority <br />employment of 0 with an annual payroll of $ 3,200,000 <br />12. The projected annual salaries for each new position indicated above are <br />estimated to be as follows (tf more space is needed, please attach a separate <br />sheet): WE WILL NOT BE CREATING ADDITIONAL JOBS IN THE IMMEDIATE <br />FUTURE. AS WE CONTINUE TO GROW AT THIS LOCATION WE HAVE PLANS <br />TO ADD 5 - 7 ADDITIONAL JOBS OVER THE NEXT FIVE YEARS. <br />2 <br />(Rev 12/29/06) <br />
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