$10 MILLION AUTO CENTER TO BE BUILT.Byline: Gregory J. Wilcox Wilcox may refer to: Place names in the United States
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SAN FERNANDO San Fernando, city, Argentina San Fernando (săn fərnăn`dō), city (1991 pop. 144,761), Buenos Aires prov., E Argentina. It is a district administrative center in the Greater Buenos Aires area. - Giving a boost to the city's economy, the Rydell Automotive Group plans to build a $10 million flagship dealership that will be two blocks long, officials said Thursday Thursday: see week. . The new facility is in a redevelopment area, so Rydell could receive some financial assistance if specific sales goals are reached. Rydell's project is bounded by Truman, Chatsworth, Celis and Wolfskill streets, an area in which the company already has a dealership. The new dealership will sell a variety of General Motors Corp. vehicles and employ about 100 people, San Fernando City officials said. Jim Lynch Jim Lynch redirects here. For the Survivor contestant of the same name, see: James Robert Lynch (born August 28, 1945 in Lima, Ohio U.S.) was an American football linebacker who spent his entire eleven-year professional career (1967-1977) with the AFL and NFL , Rydell's president and chief executive, was out of town on Thursday and not available for comment. San Fernando officials cheered the news. ``It's a major investment by Rydell, so we are very excited. It means new jobs, not to mention an increase in revenue, and we get a state-of-the-art facility,'' said Sarah Magana Withers withers the region over the backline where the neck joins the thorax and where the dorsal margins of the scapulae lie just below the skin. fistulous withers see fistulous withers. , the city's economic development manager. The assistance package covers three years and applies only if specific sales goals are reached. If Rydell's 2001 sales are less than $65 million, there is no contribution from the city. If sales are between $65 million and $75 million, the contribution will be $350,000, and if sales top $75 million the assistance is $450,000. During 2002, if Rydell generates between $65 million and $85 million, the city will contribute $250,000. If 2003 sales fall between $65 million and $90 million, the city's assistance will total $150,000. The more cars Rydell sells, the more the city collects in sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. . ``The way it is structured, there is no risk . . . to the city,'' Withers said. Getting Rydell's business is a coup because the company had been looking at some other sites in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. , said John A. Ornelas, San Fernando's city administrator. ``They heard some really good stories about San Fernando. It's a small city with good government access,'' he said. CAPTION(S): map Map: Planned new auto dealership |
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