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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 />