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ORDINANCES & RESOLUTIONS 2003
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ORDINANCES & RESOLUTIONS 2003
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(2) The estimated number of individuals who will be <br /> employed will be eleven (11) ; <br /> (3) The estimated average hourly wage for those <br /> individuals who will be employed can be expected to be <br /> Thirteen and 27/100 Dollars ($13 . 27) when including <br /> managers and owners and Twelve and 14/100 Dollars <br /> ($12 . 14) for production workers only which is <br /> reasonable for a project of this size; <br /> (4) The other benefits which information has been <br /> requested are benefits that can be reasonably expected <br /> to result from the completion of this project <br /> including the occupation of a currently vacant <br /> structure; and <br /> (5) The totality of benefits is sufficient to justify the <br /> granting of real property tax deduction to the <br /> Applicant pursuant to IC 6-1 . 1-12 . 1-3 . <br /> BE IT ALSO RESOLVED, that the Area is hereby declared to be <br /> an "Economic Revitalization Area" pursuant to IC 6-1 . 1-12 . 1 • <br /> BE IT ALSO RESOLVED that, based on the information in the <br /> Application and the foregoing findings, the Council, pursuant to <br /> IC 6-1 . 1-12 . 1, hereby approves and allows the Applicant' s real <br /> property tax deductions for three (3) years for the <br /> Redevelopment located in the Area as part of the Project. <br /> BE IT ALSO RESOLVED, that pursuant to IC 6-1. 1-12 . 1-2 . 5, <br /> there shall be published notice (the "Notice") of the adoption <br /> and substance of this Resolution in accordance with IC 5-3-1, <br /> which Notice shall name a date for the public hearing on this <br />
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