HomeMy WebLinkAboutBill No. 16-65 Designating Personal Property Tax Abate for 3B Tech, Inc.227 W. JEFFERSON BOULEVARD
SUITE 1400 S.
SOUTH BEND, IN 46601 -1830
August 17, 2016
CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR
COMMUNITY INVESTMENT
Council Member Gavin Ferlic, Chairperson
Community Investment Committee
South Bend Common Council
4th Floor, County City Building
South Bend, IN 46601
RE: Personal Property Tax Abatement Petition for: 311 Tech, Inc.
Dear Council Member Ferlic:
PHONE: 574/235 -9371
FAx:574/235 -9021
Filed in Clerk's Office
AUG 17 2016
KAREE-l"MiAiH FOWLER
CITY G E RKI. SOUTH BEND, IN
Please find the attached information pertaining to a personal property tax abatement
petition for 3B Tech, Inc.:
➢ Department of Community Investment's summary report
➢ Copy of the petition
➢ Statement of Benefits form
➢ Supporting information.
The report contains the Department's findings relative to the above petition. 3B Tech,
Inc. will be purchasing and renovating the old Invacare facility. This will enable them to
continue to grow their brand and e- commerce businesses, remain in South Bend, and
expand their workforce. 3B Tech plans to renovate the existing warehouse with new
racking, automation, and support equipment. At the same time, they plan to expand the
existing tech room and add a lab to support in house R &D for new products. 3B Tech,
Inc. plans to spend approximately $640,000 on the purchase of new equipment along
with $200,000 towards building improvements. The project meets the qualifications for a
(5) five year personal property tax abatement. A representative from 3B Tech, Inc. will
be available to meet with the Committee on Monday, August 22, 2016.
Should you or any of the other Council members have any questions concerning the
report, or need additional information, please feel free to call me at 235 -5823.
Sincerely,
,,,-4 /C-e�
Aaron Kobb
Director of Economic Resources
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
TIM CORCORAN PAMELA C. MEYER BRIAN PAWLOWSKI AARON KOBB
TAX ABATEMENT REPORT
TO: SOUTH BEND COMMON COUNCIL
FROM: AARON KOBB
File in Clerk's Office
FAUG 17 2016
CITY CLERK, SOkJT€ BEND., IN
SUBJECT: PERSONAL PROPERTY TAX ABATEMENT PETITION FOR:
3B Tech, Inc.
DATE: August 17, 2016
On Wednesday, August 17, 2016, a petition from 3B Tech, Inc. was received and
subsequently filed with the City Clerk for personal property tax abatement consideration
for property to be located at 7250 Vorden Pkwy, South Bend, IN 46628. Pursuant to
Chapter 2, Article 6, Section 2 -84.2 of the Municipal Code of the City of South Bend,
this petition was referred to the Department of Community Investment for purposes of
investigation and preparation of a report determining whether the area qualifies as an
Economic Revitalization Area pursuant to I.C.6 -1.1 -12.1 and whether all zoning
requirements have been met.
The Department of Community Investment has reviewed the petition (a copy of which is
attached), investigated the area, and makes the following report.
PROJECT SUMMARY
➢ Purchase of approximately $640,000 of new equipment enabling them to continue
to grow their brand and e- commerce businesses, remain in South Bend, and
expand their workforce. 3B Tech plans to renovate the existing warehouse with
new racking, automation, and support equipment. At the same time, they plan to
expand the existing tech room and add a lab to support in house R &D for new
products.
➢ Estimated total taxes on new equipment over the five abatement period — $54,904
➢ Estimated taxes abated on new equipment over the five abatement period —
$25,200
➢ Estimated taxes to be paid on new equipment over five year abatement period —
$29,704
EMPLOYMENT IMPACT
Per the petition, it is estimated that the total project will:
➢ Create 100 permanent, full -time jobs within the five year abatement period,
representing a new estimated annual payroll of $3,536,000
PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ECONOMIC RESOURCES
TIM CORCORAN PAMELA C. MEYER BRIAN PAWLOWSKI AARON ROBB
ABATEMENT QUALIFICATION
l . A review of the tax abatements previously granted, finds that the petitioner has not
been granted or associated with any previous abatements.
2. The Building Commissioner has reviewed the petition and finds the property to be
properly zoned for the proposed project.
3. A review of the South Bend Redevelopment designation areas finds that the
property is located in the River West Development Area.
4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner
meets the qualifications for a (5) five -year personal property tax abatement under
section 2 -84.2, Tangible Personal Property Tax Abatement.
RESOLUTION NO.
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
7250 Vorden Pkwy, South Bend, IN 46628
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
(5) FIVE -YEAR PERSONAL PROPERTY TAX ABATEMENT FOR:
3B Tech, Inc.
WHEREAS, a petition for personal property tax abatement consideration has been filed with
the City Clerk for consideration by the Common Council of the City of South Bend, Indiana,
requesting that the area commonly known as 7250 Vorden Pkwy, South Bend, IN 46628 and which
is more particularly described as follows:
Business Personal Property
and which has a Key Number to be assigned be designated as an Economic Revitalization Area
under the provisions of Indiana Code 6 -1.1 -12.1 et sM., and South Bend Municipal Code Sections 2-
76 et sew., and;
WHEREAS, the Department of Community Investment has concluded an investigation and
prepared a report with information sufficient for the Common- Council to determine that the area
qualifies as an Economic Revitalization Area under Indiana Code, 6 -1.1 -12.1, et sue., and South Bend
Municipal Code Sections 2 -76, et sec ., and has further prepared maps and plats showing the
boundaries and such other information regarding the area in question as required by law; and
WHEREAS, the Community Investment Committee of the Common Council has reviewed
said report and recommended to the Common Council that the area qualifies as an Economic
Revitalization Area.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
Bend, Indiana, as follows:
SECTION I. The Common Council hereby determines and finds pursuant to Indiana Code 6 -1.1-
12.1 -4.5 et SeMc ., that:
a. The estimate of the cost of the new manufacturing equipment is reasonable for
equipment of that type;
b. That the estimate of the number of individuals that will be employed or whose
employment will be retained by the Petitioner can reasonably be expected to result
from the proposed installation of new manufacturing equipment;
C. That the estimate of the annual salaries of those individuals that will be employed or
whose employment will be retained by the Petitioner can be reasonably expected to
result from the proposed installation of new manufacturing equipment;
d. Any other benefits about which information was requested are benefits that can be
reasonably expected to result from the proposed new manufacturing equipment; and
e. The totality of benefits is sufficient to justify the deduction requested.
SECTION H. The Common Council hereby determines and finds that the proposed new equipment
can be reasonably expected to yield the benefits identified in the Statement of Benefits as set forth in
Sections 1 through 3 of the Petition for Personal Property Tax Abatement Consideration and that
Statement of Benefits form completed by the petitioner, said form being prescribed by the State
Board of Accounts, are sufficient to justify the deduction granted under Indiana Code 6 -1.1- 12.1 -4.5.
SECTION III. The Common Council hereby accepts the report and recommendation of the
Department of Community Investment, and the Community Investment Committee's favorable
recommendation, that the area herein described be designated as an Economic Revitalization Area
for purposes of personal property tax abatement and hereby makes such a designation.
SECTION IV. The Common Council determines that such designation is for personal property tax
abatement only and shall be limited to two (2) .calendar years from the date of the adoption of this
Resolution by the Common Council.
SECTION V. The Common Council hereby determines that the property owner is qualified for and
is granted property tax deduction for a period of (5) five years as shown by the attachment pursuant
to Indiana Code 6 -1.1- 12.1 -17.
SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this
Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to Indiana
Code 5 -3 -1, said publication providing notice of the public hearing before the Common Council on
the proposed confirming of said declaration.
SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the
Common Council and approval by the Mayor.
Member of the Common
erk's Office
AUG 17 2016
2 Kt�l�sv�.��fi�AH FO��d�.t::
CITY CLERK, SOS,, T 8'-"' $D; Its,
RESOLUTION NO.
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
7250 Vorden Pkwy, South Bend, IN 46628
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE (5) YEAR PERSONAL
PROPERTY TAX ABATEMENT FOR
3B Tech, Inc.
WHEREAS, the Common Council of the City of South Bend, Indiana, has
adopted a Declaratory Resolution designating certain areas within the City as Economic
Revitalization Areas for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as
7250 Vorden Pkwy, South Bend, IN 46628 and which is more particularly described as
follows:
Business Personal Property
and which has Key Numbers to be assigned be designated as an Economic Revitalization
Area; and
WHEREAS, notice of the adoption of a Declaratory Resolution and the public
hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5;
and
WHEREAS, the Council held a public hearing for the purposes of hearing all
remonstrances and objections from interested persons; and
WHEREAS, the Council has determined that the qualifications for an economic
revitalization area have been met.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
South Bend, Indiana, as follows:
SECTION I. The Common Council hereby confirms its Declaratory Resolution
designating the area described herein as an Economic Revitalization Area for the
purposes of tax abatement. Such designation is for personal property tax abatement only
and is limited to two (2) calendar years from the date of adoption of the Declaratory
Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is
qualified for and is granted personal property tax deduction for a period of five (5) years
as shown by the attachment pursuant to Indiana Code 6 -1.1- 12.1 -17 and further
determines that the petition, the Memorandum of Agreement between the Petitioner and
the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6,
of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et se q.
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
Member of the Common Council
Filed in Clerk's Office
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3B Tech, Inc
corporation
7250 Vorden Pkwy
South Bend, IN 46628
4 Acres
m 80,000
Brett Barbour
May-3431 William Richardson Dr
South Bend, IN 46628
Johnny Zhu
Bruce Huntington
MMINEMEMM 105 E Jefferson Blvd #400
South Bend IN 46601
Johnny Zhu
Owned
Vice President
574 - 968 -3355
brett@3btech.net
Vice President
bdh @bhlawyers.net
3B Tech, Inc provides Branding solutions to a variety of customers, including our own subsidiaries. We also host
E- Commerce solutions providing 1326 and 132C solutions to our customers. Currently in South Bend, IN we host a variety
of positions that support these activities. We currently support over 10 unique brands in house, and are working on many
more. In addition we warehouse and distribute products out of our existing 40,000 sq. foot facility. We provide web
hosting, advertising support, advanced customer care, and a tech lab that provides repair and refurbishing services. We
also house executive, administrative and accounting support in South Bend, IN.
As we continue to grow our Brands, E- Commerce business, and continue to expand our business distribution models we
simply need more space. The purchase and renovation of the old Invacare facility would provide us the needed space, and
allow us to expand in South Bend, IN while maintaining our existing employee base. We will renovate the warehouse with
new racking, automation, and support equipment needed for our expanding warehouse needs. At the same time we will
expand our Brand support, customer care, E- commerce management and support teams. We will also expand our existing
tech room and add a lab to support in house Research and Development for new products in the space gained in our
existing facility.
With the added space the warehouse supports we anticipate creating an additional 100 jobs over the next five years, with
immediate needs of over thirty employees just this year alone. We are a growing company with nearly two decades of
history in South Bend, IN. The property will allow us the needed space to grow locally, while serving a customer base
spanning any countries. This expansion will allow us to provide employment to as many as 150 employees in South
Blackthome West Business Park
im 9
Yes, Airport Economic Development Area
1
No 1 900,000 1 150,000
av
Ma
r
1) How do I pay my petition filing fee?
Your petition filing fee can be paid either in person or via mail to: Or online via paypal at.
City Clerk's Office http: / /southbendin.gov /government/
Attn: Deputy City Clerk content /tax - abatement
227 West Jefferson Blvd. • Suite 400 S
South Bend, Indiana 46601
2) Certified Technology Park appropriate? (Page one, under project overview)
In the South Bend area there are only two Certified Technology Parks, Innovation Park and Ignition Park. If
your property is not located in either then the answer would be no.
3) Is your project in a Tax Incremental Financing (TIF) area? (Page one, under project overview)
A map of the TIF areas can be found at:
http: / /southbendin.gov /sites /default /files /files /dci /CT Development areas- map03l5.pdf
4) Has any 504 funding been received? (Page one, under investment details)
504 Funding is a loan that come from the Small Business Administration. This funding must be applied for to be
received.
5) Total training expenditure - not cumulative (Page two, under full time Indiana resident positions)
The amount of money to be spent per year on training over the course of the project.
6) Total number to be trained - not cumulative (Page two, under full time Indiana resident positions)
The amount of people that you will train per year over the length of the project.
If you have any additional questions that are not addressed by this document, please contact Sarah Heintzelman in the
Department of Community Investment at 574.235.5842 or email at sheintze@southbendin.zov
Filed in Clerk's fi ce-
STATEMENT OP °BENEFITS
PERSONAL. PROPERTY AUG % 2016 FORM SIB-1 / PP
`= 4tate'ssrtn 51784 - {R4 711 =15)
Prescribed by,tt a Departnlenf of Locai "Government Fi ance t g t PRIVACY NOTICE
ies R°a< n FO Inh >
a ,.,: v
CIT C. �. I L r �� lid Any information concerning the cost
s•
of the property and specific „salaries paid
-- — to individual employees by the property
owner is confidential per IC
INSTRUCTIONS _.
y, This statement must be submitted to the body designating the Economic Revitalization Area prior to thg:public hearing if the, designating body, requires: -,
information from the, applicant in, making its decision about =whether to designate an Economic Revitalization Area Otherwise this: statement;must be
submitted to, the, des /gnati{rgbody',84fPRE a per'son,Installs the new manufacturing equipment and /or,research and deve %pment equipment, and /or
log {stice(distributign equipment and /oi information'technology cquipmentfor which the person wisFies to claim a deduction.'
2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the installation
of qualifying abatable equipment for which the person desires to claim a deduction. -
3. To obtain a deduction a person must file a certified deduction schedule with the person's personal:prgperty return on a certified - deduction , schedulp -
(Font 103 ERA) wit h fne Cownship assessor of'the township where the property is situated or with the county assessor if there is no township assessor
for the township. The 103 -ERA must be filed between January 1 and May -15 of the” assessrrientyear /n" which new- manufacturing-equipment
and /or research and development equipment and /or logistical disfibutign, equipment and /or information technology equipment Is, )ristalled; and .fully,
functional, unless a filing extension has been obtained: A person who obtains a flung extension must tile'tlie form between 'January-1 and theektended
due date of that year.
4. Property owners whose Statement. of Benefits was approved„ must submit Form CF -,1/PP annually to show compliance wiih "the Statement of Benefits. ,,.
S. For a Form SB -1/PP that is approved after June 30, 2013, the designating body Is' required to establish an abatement schedule for -each deduction a/ /owed.
For a Form SB 1 /PP that is approved priorto July 1, 2013, the abatemenf schedule approved by the designating body remains in effect. (IC 6 1 1- 12.1 -17)
SECTION - INFORMATION
Name of taxpayer Name of contact person
3B Tech, Inc _ Brett. Barbour
Addressoft"payer(numberandsfroet city,-s tap, andZIPcode. ) Telephone number:
_
7250 Vorden Pkwy _ ,; ( 574_)968r3355
SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT
No of designating body _ - t Resolution number (s) '
Location of property County DLGF taxing district number
7250 Vorden pkwy St Joseph
Description of manufacturing' equipment and /or research and development equipment ESTIMATED'
and /or logistical distribution equipment and /or- information,; technology. equipment. START DATE '`` CoMFLETioN`DATE
(Use additional sheets if necessary.)
_. Manufacturing: Equipment ,
R & D Equipment
Logist'Dist Equipment 09/2016 09/2018
IT Equipment 0912016: 09/2018
SECTION 3 ESTIMATE • • • AND - OF -
a
-• -• . PROJECT
Current number Salaries Numbdrretained Salaries Number additional `' Salaries
42 15hr _ 42._ _ ___..; . 100 _. _. _. _._ ... _ _.1,5
SECTION . TOTAL COST AND VALUE OF PROPOSED • -• i
MANUFACTURING LOGIST DtST
NOTE: Pursuant to IC 6 1.1 =12.1 5.1 (d) (2) the EQUIPMENT R & D EQUIPMENT IT EQUIPMENT E
._EQUIPMENT
COST of the property is confidential. COST ASSESSED COST ASSESSED COST ASSESSED COST ASSESSED
VALUE VALUE VALUE VALUE
Current values 30,000
10,000 s
Plus estimated values of proposed project 750.000 100,000
Less values of any'property being replaced
Net estimated values upon completion of project I I u,vuV
SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER
Estimated solid waste converted (pounds) Estimated Ftazardous waste converted `(pounds)
Other benefits:.
SECTION -
I hereby , ify that the representations in this statement are true.
Signature zed representative Date signed (month, day, year)
08/03/16
Printediiame of authorized representative Title
Brett Barbour Executive Vice President
fi-
4, `
ry
c
a
x
A:
We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the - applicant meets the general standards
adopted rn the resolution previously: approved by this body Said" resolution, passed under IC, 6-1.1.-12.1 -2,5, provides for thq.fgliow.ng limitations as
authorized under7C 6 1,1- 12 .1 -2.
A Tlie. psignated area has been limited to a period of time not to exceed calendar years (see below). The date this designation expires
Is' . NOTE. This question addresses whether the resolution contains an expiration date for the designated are
B The--type of deduction that is allowed in thsdesignated weai s limited to '
1 :
Filed in Clerk's C ill Ica
KtFL t5 A 1 C IIVIF'KW V!ItIIC,IY =J
-
State Forth 51767 (116 / 10 -14) KAFR zli
UM
. Prescribed by the Department of Local Government Finance
This statement is tieing completed for real property that qualifies under the following Indiana Code(check one box):
❑ Redevelopment or rehabilitation of real estate improvements (IC 6 -1.1- 12.1 -4) `
0 Residentially distressed area (IC 6 -1.1- 12.1 -4.1)
20 ` PAY'20
l —
FORM SB 1 t Real Property
PRIVACX.NOTICE
Any informatiori,00nceming the cost
of -the property' and specific salaries;
paid to individual employees by the
o erty.
p owner is.confde0al per
ICr�1:1�1316.11.1 ,
INSTRUCT IONS. _
1. This statement must be submitted to the body designating.the Economic Revitalization Area prior to the public hearing ifthe designating.bodyrequires
information from the applicantin making its decision about whether to designate an Economic Revitalization Area., Otherwise, this statement must be
submitted to the designating body BEFORE the redevelopment or rehabilitation of real property for whop the - person, wishes to claim a:deducton.
2. The statement of benefits than must be submitted to the designating-body and the area designated an economic'revitalization area before the initiation of
the redevelopment or rehabilitation for which the person desires to claim a deduction.
3. To obtain a deduction, a Form 3221RE must be -filed with the GountyAuditor before May 10 in the year in which the addition`to assessed valuation is
made or not later than thuty (30)_days after the assessment notice is mailed to the property owner if it was mailed after April 10 A property owner who
failed to file a deduchon epphcation within the prescribed daadbne inay fJte an application between March 1 and May 10 of a subsequent year.
4. A property owner who Aes for the deduction must provide the County Auditor and designating'body with a Form OF- IlReal Property. The Form CF -1 /Real
Property should be attached to the Form 322/RE when the deduction is first claimed and then updated annually for each year the deduction is applicable,
IC 6-1.142.1- 5:1(b) 1
?5. For a Form SB- IlReal Property that is approved after June 30, 2013s the designating body is required to establish an abatement sch'ed`ule for each
deduction allowed. Fora Form SB- 1lReal Property that is approved prior to July 1,. 2013 ?the.abatementschedu /e. approved by.Ae designating body
'
FOR USE OF:THE DESIGNATING
Wei—
n that-the,.applicant m4ets the general standards in the resolution adopted or to be ado bad by thi Swd res Ution,-passe or to be
undbr:IC'6A.A. 1,11,-'prbvides for the following limitations:
area has been limited to a p.prio -calerid r,y rs� The date thlsdes!qqatlq�
a ea
The'Vpd'p 06dubtl6rilhat Is allowed in the designated.area is limited to:
or e
1, Redevelopment I ir� habilitation of real estate Improvements Yes No
2. R6sidentiallydistress6d areas
C.
D. Other limitations or conditions
El
F. For a staterne I of benefits approved after June 30, 2013, did this deslgnpt�rig body adqpAAri abatement schedule per IC 6-1j�12.1-17?
If no, the designating bod Is n Q 0 ton can be determined.
determined that the totality of benefits Is sufficient to justify the deduction described above.
.phone number
Printed name of authorized member of designating body -Name of designating body
If the designating body limits the time period during which an area is an economic revitalization area, that limitation does not limit the length oftime a
ded� dtion twa number of years that ls�t", than the nufhber'bf Vear�,d6signated Under IC 6A.1-12.1-:17.
A. For residentially. distressed areas where the Form.SBA /Real Property, was -approved prior to.July 1, 2013, the. deductions established, In. Q
2013, the designgtlhg�li �.k required to establish an abatement schedule for each deduction allowed. The deduction period may not exceed ten
B. For the redevelopment or-rehabliltation of real prop
,ierly where the Form 813-1/Real Properlywas approved prior to.July.1, 2013, the abatement
schedule- a -_nlalns In effect-For-a Fqmn. SBA /Real Property. that Is approved after Jjjn�_,., 6? in
griat1bg P-' Y may, In or relocated to a Italizatiom area and that receives a
rev
section 4,or4.5..of.t6�Ag�i�-�-�h-�ii-�tbnieiit:ichddUle based on.thefollowing factors:
(2) The number of new full-time ec -jobs 6riAt
Tfi% wag- -- f 66 co!p -to the state minimum wage.
-(4) The: Infrastfrubturo requirements for tho-iaxpayers Investment.
(b) This subsOptIoR.appli 'to a statement of benefits- approved after June 30, 2013.- Adesignaling body shall establish ai
Qq
(c) An abatement schedule approved for a particular taxpayer before July 1, 2013, remains In effect until the abatement schedule expires under
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