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South Bend Redevelopment Commission <br />Regular Meeting –May 7, 2010 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />A. Tax Abatement <br /> <br />(1) continued… <br /> <br />since 2007. The property is properly zoned <br />for the proposed use. The property is located <br />in the Airport Economic Development Area, <br />which is a Tax Increment Allocation Area; <br />therefore, the petition for personal property <br />tax deduction must first be approved by the <br />South Bend Redevelopment Commission. <br />The property qualifies for five years of <br />personal property tax deduction under the <br />Tax Abatement Ordinance. <br /> <br />CRN.2674 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />APPROVING AN APPLICATION FOR PERSONAL <br />Ms. King and unanimously carried, the <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />Commission approved Resolution No. 2674 <br />2629FD <br />LOCATED AT OUNDATION RIVE IN THE <br />approving an application for personal <br />AEDA. <br />IRPORT CONOMIC EVELOPMENT REA <br />property tax deduction for property located at <br />(VP,I.) <br />ALUE RODUCTION NC <br />2629 Foundation Drive in the Airport <br />Economic Development Area. (Value <br />Production, Inc.) <br /> <br /> <br /> B. South Bend Central Development Area <br /> <br />(1) Resolution No. 2673 approving and <br />authorizing the execution of an Addendum <br />to the Master Agency Agreement (Bid <br />Specifications for Demolitions and Street <br />and Parking Upgrades) <br /> <br />Mr. Relos noted that staff requests the Board <br />of Public Works to prepare demolition <br />specifications for two houses it purchased <br />along Indiana Avenue which are now vacant. <br /> <br />The Addendum to Agency Agreement <br />attached to Resolution No. 2673 also covers <br />design specifications for some downtown <br />projects: <br /> 4 <br /> <br />