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South Bend Redevelopment Commission <br />Regular Meeting -February 15, 2008 <br />6. NEW BUSINESS (CONT.) <br />A. Tax Abatements <br />(1) continued... <br />clients it has in the area and they feel they <br />will be able to get up and running here in the <br />least amount of time. <br />Mr. King made a motion to approve <br />Resolution No. 2436 approving an <br />application for personal property tax <br />deduction for property located at 3445 <br />William Richardson Drive in the Airport <br />Economic Development Area. Mr. Downes <br />seconded the motion. The motion carried on <br />a vote of four to one with Mr. Peczkowski <br />opposed. <br />(2) Commission approval requested for <br />Resolution No. 2437 approving an <br />application for real property tax deduction <br />for property located at 3445 William <br />Richardson Drive in the Airport Economic <br />Development Area. (Jade Elephant <br />Holding/Lake Michigan Mailers) <br />Mr. Mathia noted that based on the $720,000 <br />of real property improvements, the total taxes <br />to be abated during the four year real <br />property abatement period are estimated at <br />$61,526. Total taxes to be paid during the <br />same period are estimated at $36,914. Staff <br />recommends approval. <br />Mr. King made a motion to approve <br />Resolution No. 2437 approving an <br />application for real property tax deduction <br />for property located at 3445 William <br />Richardson Drive in the Airport Economic <br />Development Area. Mr. Downes seconded <br />COMMISSION APPROVED RESOLUTION NO. 2436 <br />APPROVING AN APPLICATION FOR PERSONAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED AT 3445 WILLIAM RICHARDSON <br />DRIVE IN THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA (LAKE MICHIGAN <br />MAILERS/JADE ELEPHANT HOLDING <br />COMMISSION APPROVED RESOLUTION NO. 2437 <br />APPROVING AN APPLICATION FOR REAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED AT 3445 WILLIAM RICHARDSON <br />DRIVE IN THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA (JADE ELEPHANT <br />HOLDING/LAKE MICHIGAN MAILERS <br />6 <br />