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RESOLUTION NO. 948 <br />A RESOLUTION APPROVING AN APPLICATION FOR <br />REAL AND PERSONAL PROPERTY TAX DEDUCTION <br />WHEREAS, I.C. 6 -1.1- 12.1 -2(j) provides that an application for <br />property tax deduction may not be approved when the property is <br />located in an allocation area as defined in I.C. 36- 7- 14 -39, unless <br />the Redevelopment Commission which designated that allocation area <br />adopts a resolution approving that application; and <br />WHEREAS, the South Bend Common Council has received a petition <br />for three years of real property and five years of personal <br />property tax abatement consideration from Nimet Industries, Inc., <br />for real and personal property located at 2424 N. Foundation Drive <br />in the Airport Economic Development Area, the legal description of <br />which is attached hereto, marked Exhibit "A" and incorporated <br />herein; and <br />WHEREAS, this Commission declared the Airport Economic <br />Development Area by Resolution No. 919, adopted February 23, 1990, <br />and in the same resolution declared the Airport Economic <br />Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 2424 N. Foundation Drive is <br />located within the Airport Economic Development Allocation Area, <br />Allocation Area No. 1. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission as follows: <br />1) The Commission finds that the application from Nimet <br />Industries, Inc., for three years of real property and five years <br />of personal property tax abatement consideration for property <br />located at 2424 N. Foundation Drive in the Airport Economic <br />Development Allocation Area, Allocation Area No. 1, is hereby <br />approved. <br />2) That a copy of this resolution be forwarded to the South <br />Bend Common Council to indicate the Commission's approval of Nimet <br />Industries, Inc.' petition for real and personal property tax <br />abatement. <br />Approved this 28th day of September, 1990, at the regularly <br />scheduled meeting of the South Bend Redevelopment Commission. <br />ATTEST: <br />Roman Piasecki, Secretary <br />Res948 <br />14 <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />a <br />Paula N. Auburn, Vice President <br />