RM 11-07-80 - Laserfiche WebLink

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South Ben Redevelopment Commission Regular eting - November 7, 1980 6. NEW BUSINESS b. W. McMahon continues... fact that there are a number of programs that are available to the C aeys, such as economic development bonds. Tax abatement however, is something that we look at from the standpoint, I believe the Council is as well at this point particularly in light of the number of petitions that t ey have seen lately, it doesn't come d wn to as much of a timing question as t whether you started before or not, as whether or not you can substantiate t at it is necessary to make the project h ppen, and the though it that if it is n t necessary to make the project happen, iE normal business activity and normal e onomics are going to result in this a tivity anyway, then tax abatement s ould not be applied. Tax abatement s ould be used as an incentive to encour -. a e activity in distressed areas where it is not possible for that to happen through r utine business procedures. I think, fortunately, the Tribune looked at it ii their editorial as something that any- one in South Bend should be able to claim because there is a statute on the books. I think that they, perhaps, did not look at the intent of the statute when they came forward with that. Nonetheless, t at is the basis for our recommendation. M . Nimtz: I understand that. The reason I mentioned this, we looked like we had a b ack eye or something after the Mossberg b tition. Mc. Cira: How firm is our recommendation. Y u know we turned down Mossberg's and they g t it, we might turn down these guys and t ey still might get it. What difference d es this make? Robinson: That's right, so as far as I concerned these people are just as entitled it as anybody else and I will make the motion t they are entitled to a tax abatement. 14