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25-14 Designating Resolution - Vacant Building Tax Abatement for 425 South Michigan Street
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02-24-2025
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25-14 Designating Resolution - Vacant Building Tax Abatement for 425 South Michigan Street
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2/19/2025 12:44:16 PM
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2/19/2025 12:44:13 PM
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! For Staff Use Only Below This Line <br /> What is the current assessed value? Real Property: got": f/9 ,3 7,1 Personal Property: <br /> What is the projected assessed value? Real Property: ILO' f/01273 7/�Personal Property: <br /> What is the tax key number(s)for this project? 7/-of -/I„ Q3 -v.z_Q•~-d L 4 <br /> What is the six digit NAICS code? �/� J <br /> Please attach a Google map and street view of the location. <br /> Please list the amount of real and personal property taxes Real Property Taxes: Personal Property Taxes: <br /> paid for the last five years when applicable. <br /> Tax Year 2023/Pay 2024 It V 7.2-3 .$8 <br /> Tax Year 2022/Pay 2023 7 22 6 r 7 <br /> Tax Year 2021/Pay 2022 O 3 2 3 , `Q 2._ <br /> Tax Year 2020/Pay 2021 0 3 7.-to r y Y <br /> Tax Year 2019/Pay 2020 7 5 /y, 0 a <br /> Please fill out the following Public Benefit Summary Information and add to total from above. <br /> 1.( 1.4.1 Points Points <br /> Public Benefit Item: <br /> Project Related: u <br /> 5 A. Redevelop a Site that has Special Needs / 1 49 <br /> 35 <br /> B. Develop Based on Local University Research N.) <br /> I C. Achieve a Physical Element of a Plan N-' 3(/ 36 <br /> Sub-total Project Related: ®5 120 <br /> 6 Super Size Projects(point values are cumulative): <br /> A. 100%to 199% 4 'Z.i 25 <br /> B. 200%to 299% y WQQ 68 <br /> C. 300%to 399% Y 65 65 <br /> D. 400%and Over V 5 L 52 <br /> Sub-total Super Size Projects: 1 Z'l• 210 <br /> 7 Pay for Municipal Infrastructure: <br /> A. Pay for Oversizing or Upgrading ' 14 <br /> B. Pay for 26-50%of Extension Cost iv - 26 <br /> C. Pay for 51-75%of Extension Cost N — 39 <br /> D. Pay for 76-100%of Extension Cost Ai — 57 <br /> 'Sub-total Infrastructure Related: — 131 <br /> Total from Applicant Section: 187 539 <br /> Total from Staff Section: 2,45 461 <br /> Total Public Benefit Points: 'fa 1000 <br />
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