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12-07-01 Redevelopment Commission Minutes
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12-07-01 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br />Regular Meeting— December 7, 2001 <br />6. NEW BUSINESS (CONT.) <br />A. Tax Abatements (Continued...) <br />(2) Continued... <br />Ms. Greene advised the Commission that it <br />could approve the abatement subject to a final <br />determination by the State Board of Tax <br />Commissioners and send the abatement on to <br />the Common Council with that same <br />recommendation. <br />Mr. Inks suggested that we further notify the <br />Common Council that the policy issue does <br />exist and that we are approving it, so that they <br />have the opportunity to set that policy at the City <br />wide level. Therefore, Commission approval is <br />subject to a final determination by the State <br />Board of Tax Commissioners and notification of <br />the Common Council. <br />Upon a motion by Mr. Caldwell, seconded by <br />Mr. Kahn and unanimously carried, the <br />Commission approved Resolution No. 1855 <br />approving an application for personal property <br />tax deduction for property located at 400 West <br />Sample Street in the Sample -Ewing <br />Development Area subject to final <br />determination by the State Board of Tax <br />Commissioners and notification of the Common <br />Council. (AQM Products, Inc.) <br />B. Housing <br />(1) Commission approval requested for Loan <br />and Grant in accordance with the Affordable <br />Loan Program for property located at 1813 <br />Oliver Street. (Violet Bobelenyi) <br />Mr. Inks noted that the loan is for $1,350 due <br />CW upon sale of the property and with an interest <br />rate of 0 %. The grant is for $7,500. <br />COMMISSION APPROVED RESOLUTION NO. <br />1 855 APPROVING AN APPLICATION FOR <br />PERSONAL PROPERTY TAX DEDUCTION FOR <br />PROPERTY LOCATED AT 400 WEST SAMPLE <br />STREET IN THE SAMPLE -EWING <br />DEVELOPMENT AREA SUBJECT TO FINAL <br />DETERMINATION BY THE STATE <br />BOARD OF TAX COMMISSIONERS AND <br />NOTIFICATION OF THE COMMON <br />COUNCIL. (AQM PRODUCTS, INC.) <br />
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