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South BendlRedevelopment Commission <br />Regular Me ting -- November 2, 1979 <br />6. NEW BUSINESS <br />d. cotitinued... <br />Mr Nimtz: If this is privileged information, you needn't <br />an wer, but does this affect the parking apparently <br />Ro ky's, or the successor of Rocky's, has on the corner? <br />Mr. Szarwark; To the best of my knowledge this will not <br />of ect it. <br />Mr. Robinson: Why are you seeking tax abatement if the <br />proposed plan you're going to build a road near the traffic <br />circle, why are you asking tax abatement on that if you're <br />going to turn it over to the City it will be automatically <br />taken off the tax roll, I think. <br />Mr Szarwark: Yes sir it will. Essentially for two reasons. <br />Number one, there is a possibility the City won't accept <br />it now I don't anticipate any problem here I believe the <br />City will accept it, but in the meantime, just in case, <br />we d like to make sure there is no problems at all. <br />Se ondly, we don't know how long the process will take <br />be ween the time it's finished and the dedication is accep- <br />te by the City. So if it takes a couple of months, we <br />do 't want to have to pay property taxes for that period <br />on the increased valuation. <br />Mr. Robinson: Next question. If granted tax abatement <br />anc the City did take over the proposed new street, <br />I assume the tax abatement situation that was granted <br />foy this would just stay with the existing facility? <br />Is that what you're really asking? <br />Mr. Szarwark: Yes sir, right. <br />Mr. Ellison: Is it your opinion that a tax abatement <br />car be given on this particular land? <br />Mr. Szarwark: Yes, Mr. Ellison, it is basic improvements <br />and that is an improvement to the property. <br />Mr. Ellison: Who owns the adjoining property? Is the <br />abatement sought just for this area or for the whole thing? <br />Mr. Szarwark: No sir. Let me make that clear. It is <br />this area right here and the road way. This will not <br />be covered by it. <br />Mr. Ni.mtz: It has always been my understanding that South <br />Ben Tool and Die owns the whole thing. I may be mistaken <br />but that's always been my understanding. Mr. Butler do <br />you have any questions or comments? <br />me <br />