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Confirming Tax Abatement - 1215 S. Walnut St. - Lock Joint Tube, LLC
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Confirming Tax Abatement - 1215 S. Walnut St. - Lock Joint Tube, LLC
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Last modified
1/23/2008 9:36:21 AM
Creation date
1/11/2008 8:31:01 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
8/14/2006
Ord-Res Number
3621-06
Bill Number
06-76
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17. What is your best estimate of the amount of taxes to be abated during each of the five years <br />after installation? <br />Year Estimated Dollar Amount <br />1 $30,000 <br />2 $33,000 <br />3 $20,000 <br />4 $10,000 <br />5 $ 4,000 <br />18. What is the commitment your firm will make to minority employment during the five years <br />of tax abatement? <br />Lock Joint Tube, LLC is an equal opportunity employer. Employment decisions are based on <br />merit and business needs, and not on race, color, citizenship status, national origin, gender, <br />age, reli ig'on, physical or mental disability, veteran status, or any other factor protected by <br />19. The Equipment has not been installed as of the date of filing of this petition. The signature at <br />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: Major Group 33 -- Primary Metals <br />Industries <br />21. The Internal Revenue Service Code of Principal Business Activity by which the proposed <br />project would be classified, by number and description: 331200 - Steel Product <br />Manufacturing from Purchased Steel <br />22. The real property where the Equipment will be installed is located in the following <br />Allocation Area, if any, declared and confirmed by the South Bend Redevelopment <br />Commission: <br />Sample Ewinu Development Area <br />23. Other anticipated public financing for the project including, if any, industrial revenue- <br />bonding to besought oralready authorized, assistance through the United States Department <br />of Housing and Urban Development funds from the City of South Bend, Small Business <br />Association Sections 503 and 504 financing through the Business Development Corporation <br />of South Bend, Mishawaka, and the St. Joseph County, Indiana; or other public financial <br />assistance, including but not limited to public works improvements. <br />None. <br />24. Describe how and why the manufacturing equipment to be replaced or the facility in which <br />Equipment will be added is currently technologically, economically or energy obsolete and <br />-4- <br />
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