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Confirming Tax Abatement - 1217 & 1215 South Walnut Street - Steel Warehouse Company LLC
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Confirming Tax Abatement - 1217 & 1215 South Walnut Street - Steel Warehouse Company LLC
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Last modified
10/17/2007 2:26:44 PM
Creation date
10/17/2007 1:20:08 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
9/24/2007
Ord-Res Number
3793-07
Bill Number
07-107
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•+ , <br />9. Attach a map and/or plat describing the property where the Equipment is to be located, <br />marked "Exhibit B", and is hereby incorporated herein. <br />10. Attach photographs of the property, taken within 30 days of filing of this petition, marked <br />"Exhibit C," and is hereby incorporated herein. <br />11. The current assessed valuation of the tangible personal property to be replaced by new <br />manufacturing equipment $. Inapplicable. <br />12. The current use of the real property where the equipment will be installed is for <br />manufacturing and the current zoning is E Heavy Industrial (use) and F {height and area). <br />13. List the real and personal property taxes paid by the Petitioner during the previous five years, <br />whether paid by the current owner or a previous owner. <br />YEAR REAL PROPERTY TAXES PERSONAL PROPERTY TAXES <br />2002 $291, 362. $430, 358. <br />2003 $298,005 $308,124. <br />2004 $352, 540. $375, 245. <br />2005 $300,892. $341,165. <br />2006 $331, 045. $299, 235. <br />14. Describe the commitment made within the past five years by your firm to hiring minority <br />individuals, including number of minorities employed during each of the past five years, <br />specifying whether full time or part-time and whether permanent or temporary employees. <br />The Petitioner shall also list the current number of total employees (full and part-time) and <br />the current number of minority individuals (full and part-time). <br />Petitioner now and in the past has maintained a policy of hiring and promoting <br />without discrimination with respect to race, creed, color or gender. The number of minority <br />full time employees in the company totalled 119 in 2402, 130 in 2003, 132 in 2004, 129 in <br />2005 and 129 in 2006. Currently the compatry has a total of 446 full time employees and <br />129 minority full time employees. <br />15. Describe on-site child care or day care facilities, services or benefits currently offered or <br />proposed to be offered by the Petitioner for children of employees. None <br />16. What is your best estimate of the market value of the new equipment after installation? <br />$400, 000 million to $2.5 million. <br />17. What is your best estimate of the amount of taxes to be abated during each of the five years <br />after installation? Assuming an investment of $2.5 million in equipment, the estimated <br />amount of taxes to be abated are as follows: Year 1- $22, 500; Year 2 - $18, 000; Year <br />3 - $13, 500; Year 4 - $9, 000; Year S - $4, SOD. <br />18. What is the commitment your firm will make to minority employment during the five years <br />of tax abatement? <br />Petitioner will contimre to hire qual~ed applicants without regard to race, creed, <br />color or gender. <br />19. The equipment has not been installed as of the date of filing of this petition. The signature <br />at the end of this Petition is verification of this statement. <br />20. The standard Industrial Classification Manual major group within which the proposed project <br />would be classified, by number and description: <br />Major Group 33: Primary Metal Industries <br />2 <br />
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