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6A (2)
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04-10-12 Packet
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6A (2)
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11/1/2012 10:36:58 AM
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4/5/2012 11:44:06 AM
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Redevelopment Commission. <br />4. A review of the South Bend Urban Enterprise Zone finds that the property is located in the Zone <br />Area; therefore, it is recommended that should the company receive the UEZ designation, the Tax <br />Abatement designation shall become null and void. The Company may not receive an economic <br />revitalization area deduction if it receives an enterprise zone investment deduction under I.C. 6 -1.1- <br />45 for the same property. <br />5. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner meets the <br />qualifications for a (5) five -year personal property tax abatement under section 2 -84.2, Tangible <br />Personal Property Tax Abatement. The real property project will qualify for a four or five year <br />property tax abatement pending further information on the contractors. <br />
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