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South Bend Common Council <br />RE. Tax Abatement for Hoosier Tank and Manufacturing, Inc. <br />April 18, 2011 <br />Page 3 <br />3. A review of the South Bend Redevelopment designation areas finds that the property is located <br />in the Airport Economic Area, which is a Tax Incremental Allocation Area; therefore, the <br />petition for real property tax deduction must first be approved by the South Bend Redevelopment <br />Commission, <br />4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner does meet the <br />qualifications for a seven -year (7) real property tax abatement under Section 2 -82, Industrial <br />Development, City -wide General Standards. <br />