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South Bend Redevelopment Commission <br /> Regular Meeting—April 24, 2012 <br /> Mr. Varner asked for clarification as to <br /> Varner's involvement. Mr. Relos noted that <br /> Varner was a major donor to the project. <br /> 6. NEW BUSINESS <br /> A. Tax Abatements <br /> (1) Resolution No. 3031 approving an <br /> application for personal property tax <br /> deduction for property located at 1801 <br /> Commerce Drive in the Airport Economic <br /> Development Area (R2 Diagnostics, Inc.). <br /> Ms. Hahn noted that R2 Diagnostics, Inc., <br /> which she'll refer to as R2D, manufacturers <br /> and sells clot based diagnostic kits that test <br /> for bleeding and clotting disorders. R213 <br /> uses proteins from Enzyme Research <br /> Laboratories (ERL)to insure the highest <br /> quality final products with no lot-to-lot <br /> variation. ERL is the primary supplier of <br /> coagulation and fibrinolytic proteins for the <br /> research community. The Company's <br /> products are distributed worldwide to <br /> researchers and pharmaceutical companies to <br /> aid in the development of novel therapeutic <br /> compounds and assays to diagnose and treat <br /> coagulation/hemostatis disorders. R213 <br /> intends to purchase equipment in the amount <br /> of$459,500 to complement current <br /> equipment in order to support client demands <br /> and higher volume. <br /> Two of the tax key numbers are in Portage <br /> Township and two of the tax key numbers <br /> are in German Township. Using tax rates for <br /> Portage Township results in $18,317 of tax <br /> being abated and using tax rates for German <br /> Township results in $18,421 of tax abated. <br /> Total taxes to be paid using Portage <br /> 6 <br />