Confirming Tax Abatement - 2722 Tucker Drive - Steel Warehouse Company LLC

Home Browse Search

"Exhibit A," and is hereby incorporated herein. 9. Attach a map and/or plat describing the property where the Equipment is to be located, marked "Exhibit B", and is hereby incorporated herein. 10. Attach photographs of the property, taken within 30 days of filing of this petition, marked "Exhibit C," and is hereby incorporated herein. 11. The current assessed valuation of the tangible personal property to be replaced by new manufacturing equipment approximately $700,000. 12. The current use of the real property where the equipment will be installed is for manufacturing and the current zoning is E Heavy Industrial (use) and F (height and area). 13 . List the real and personal property taxes paid by the Petitioner during the previous five years, whether paid by the current owner or a previous owner. YEAR REAL PROPERTY TAXES PERSONAL PROPERTY TAXES 2002 $291, 362. $430, 358. 2003 $298,005 $308,124. 2004 $352, 540. $375, 245. ZOOS $300, 892. $341,165. 2006 $331, 045. $299, 235. 14. Describe the commitment made within the past five years by your firm to hiring minority individuals, including number of minorities employed during each of the past five years, specifying whether full time or part-time and whether permanent or temporary employees. The Petitioner shall also list the current number of total employees (full and part-time) and the current number of minority individuals (full and part-time). Petitioner naw and in the past has maintained a policy of hiring and promoting withoutdiscriminationwithrespecttorace, creed, colororgender. Therrumberofminority full time employees in the comparry totalled 119 in 2002, 130 in 2003, 132 in 2004, 129 in 2005 and 129 in 2006. Currently the comparry has a total of 446 full time employees and 129 minority full time employees. 15. Describe on-site child care or day care facilities, services or benefits currently offered or proposed to be offered by the Petitioner for children of employees. None 16. What is your best estimate of the market value of the new equipment after installation? $2. S million to $S. 0 million. 17. What is your best estimate of the amount of taxes to be abated during each of the five years after installation? Assuming an investment of $2.5 million in equipment, the estimated amount of taxes to be abated are as follows: Year 1- $22, SOD; Year 2 - $18, 000; Year 3 - $13, 500; Year 4 - $9, 000; Year S - $4, 500. 18. What is the commitment your firm will make to minority employment during the five years of tax abatement? Petitioner will continue to hire qualified applicants without regard to race, creed, color or gender. 19. The equipment has not been installed as of the date of filing of this petition. The signature at the end of this Petition is verification of this statement. 20. ThestandardIndustrialClassificationManualmajorgroupwithinwhichtheproposedproject would be classified, by number and description: 2