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South Bend Redevelopment Commission <br /> Regular Meeting—April 10, 2012 <br /> 6. NEW BUSINESS (CONT.) <br /> A. Tax Abatement <br /> (1) continued... <br /> commitments is a problem, but explained the <br /> matrix of criteria with which abatement <br /> terms are evaluated. Complete information is <br /> required by the time the confirming <br /> resolution is approved by the Common <br /> Council; the term of abatement will be set at <br /> that time. At this point, the Redevelopment <br /> Commission is simply asked for its sign-off <br /> on the abatement, whatever term it qualifies <br /> for by matrix. <br /> Mr. Inks added that from here this item goes <br /> to the Common Council for declaratory <br /> resolution and at that time staff would still <br /> have information that is pending. The final <br /> step to the Common Council for a confirming <br /> resolution, all of the information will be in <br /> place. So before final action is taken by the <br /> Council, it is known what the commitments <br /> of the company are. <br /> Mr. Downes added that without the project, <br /> there would be no new taxes and no new <br /> jobs. <br /> Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED RESOLUTION No.3019 <br /> Mr. Varner and unanimously carried, the APPROVING AN APPLICATION FOR REAL <br /> Commission approved Resolution No. 3019 PROPERTY TAX DEDUCTION FOR PROPERTY <br /> LOCATED AT 7101 VORDEN PARKWAY IN THE <br /> approving an application for real property tax AIRPORT ECONOMIC DEVELOPMENT AREA(TIRE <br /> deduction for property located at 7101 RACK <br /> Vorden Parkway in the Airport Economic <br /> Development Area (Tire Rack). <br /> (2) Resolution No. 3020 approving an <br /> application for real property tax deduction <br /> for property located at 1217 South Walnut <br /> 5 <br />