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South Bend Redevelopment Commission <br />Regular Meeting —April 1, 2005 <br />6. NEW BUSINESS (CONT.) <br />A. Receipt of Bids <br />(1) continued... <br />Mr. Jim Frick from the South Gateway <br />Association addressed the Commission. The <br />South Gateway Association has been <br />supporting the Real Services project for <br />several years. It is anticipated that the <br />property located at 1101 S. Michigan will be <br />sold to Real Services by the UEA. The <br />property, purchased in 2004, is necessary for <br />the quality of the project Real Services wants <br />to build. South Gateway is hoping that the <br />new Real Services building, estimated in the <br />million dollar range, will also stimulate a <br />buyer for the Dudes and Darlings property. <br />The Real Services project is a big asset to the <br />neighborhood. <br />B. Tax Abatements <br />(1) Commission approval requested for <br />Resolution No. 2158 approving an <br />application for personal property tax <br />deduction for property located at <br />1710 North Sheridan Street in the Airport <br />Economic Development Area. (Hoosier <br />Tank) <br />Mr. Schalliol reported that the South Bend <br />Common Council approved a personal <br />property tax abatement for Hoosier Tank on <br />August 25, 2003. Hoosier Tank moved from <br />the location, by the Bosch facility, that the <br />abatement was approved for. The company <br />is now located at 1710 North Sheridan, the <br />former Gibbs Wire building. Hoosier Tank <br />has asked the City of South Bend to move its <br />tax abatement to the new location. The <br />IL 7 <br />