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South Bend development Commission <br />Special Meeting - August 8, 1980 <br />6. NEW <br />d. continued... <br />Mr.lNimtz: Are there any further <br />Mr. <br />is 1 <br />the <br />Mr. <br />the <br />Robinson: Approximately what <br />he figure for the taxes on <br />site now? <br />Mintz: The last assessor assessed <br />property at $10,190.00. <br />Mr. Ellison: For the record I might <br />add that in your packet is a report <br />the staff has prepared in answer to <br />the tax abatement request. The staff <br />finds that the area qualifies as an <br />Urb Development Area and recommends <br />tha the Commission concur with the <br />finding with respect to the conditions. <br />There is some discussion and explanation <br />which essentially reinforces the notion <br />that the area has been bypassed is <br />underutilized and it is impossible to <br />develop. This is primarily due to <br />ecotiomic and physical conditions which <br />during the normal course of private <br />ent rprise are Uneconomical to correct. <br />The report also concurs that the proposed <br />one hundred million dollar facility does <br />provide substantial public benefit and <br />that indeed a tax abatement appears to <br />be absolutely essential to assure that <br />the facility is constructed within South <br />Bend. The staff believes that the <br />Conrilission can rest easy and recommnd <br />to the Common Council that the -urban <br />development area designation be given as <br />the evidence appears to clearly suggest <br />that the site qualifies under our local <br />Mr. Robinson made a motion that the <br />South Bend Redevelopment Commission <br />rec d to the City Council, that <br />the tax abatement petition of Hcmer <br />Fit erling, relative to an area to be <br />purchased by New Energy Corporation of <br />Indiana, Inc., be approved and granted, <br />seconded by Ms. Auburn and the motion <br />was unanimously carried. <br />-14- <br />,`, ,�, �TI� �•� is <br />• •' •� ICI' �I' 1 <br />• A X11 I ICI' <br />• i,• •• •� <br />