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South Bend Redevelopment Commission <br /> Regular Meeting—June 28, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> A. Tax Abatements <br /> (1) continued... <br /> first be approved by the South Bend <br /> Redevelopment Commission; the project <br /> meets the qualifications for up to a six-year <br /> real property tax abatement under the tax <br /> abatement ordinance. <br /> Mr. Deahl, Barnes & Thornburg, noted that <br /> this is a proposed investment by GVW <br /> Realty, LLC to nearly double the size of a <br /> facility on Quality Drive in South Bend. <br /> Currently the facility is Best One Tire, an <br /> affiliate of GVW, and next door will be <br /> Premier's largest customer. Premier does all <br /> the retreading work for Best One Tire so this <br /> will create more efficiency for Premier to cut <br /> down on delivery costs, turn-around time and <br /> to help Best One promote its business which <br /> in turn helps grow Premier's business as <br /> well. Ultimately, it will be a relocation of the <br /> total facility, the retreading facility and <br /> employment currently located in Mishawaka. <br /> This will help both Premier and Best One <br /> Tire continue to grow. <br /> Mr. Downes questioned whether there were <br /> any environmental issues involved with the <br /> retreading of the tires. Mr. Deahl responded <br /> there were not, to his knowledge. <br /> Mr. Yoder responded as well that there really <br /> are not any environmental issues. <br /> Ms. Jones noted, in addition to Ms. Hahn's <br /> report, that the existing taxes that will be paid <br /> is $342,024. It's important to note that the <br /> abated taxes are new taxes that would be <br /> 18 <br />