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South Bend <br />Regular Mee - <br />6. NEW BUS <br />e. Con' <br />exe, <br />flo <br />com <br />acct <br />are <br />elopment Commission <br />- January 11, 1985 <br />(Cont.) <br />tive offices and board rooms. The fourth <br />will provide space for the central <br />ter operations and bookkeeping and <br />sting spaces. The fifth and sixth floors <br />resently designated for leasing, and will <br />Je for future expansion of the Credit <br />. Estimated project cost is $7,000,000. <br />Upon a motion made by Ms. Auburn, seconded by <br />Mr. Donoho and unanimously carried, the <br />CormLission adopted Resolution No. 727 <br />app oving an application for real property tax <br />deduction. <br />f. Cormission authorization requested to petition <br />Ccm.on Council for real property tax abatement <br />for the southwest corner of Michigan and <br />Was inaton Streets. <br />Mrs. Kolata explained that this property is <br />the area where Redevelopment will be <br />constructing a parking facility in connection <br />with the Teachers Credit Union building. <br />Because of the nature of the long term lease <br />that the Commission has with Teachers Credit <br />n <br />Union for that parking facility, the property <br />may be subject to property tax and it will be <br />Teachers Credit Union's responsibility to pay <br />that tax. Teachers Credit Union has asked the <br />CormLission to support a petition for tax <br />abatement on that facility. If approved the <br />petition will be filed with the Common Council <br />for consideration. The petition will come <br />back before the Commission for review due to <br />its location within a Tax Incremental Finance <br />Are A. <br />Upon a motion made by Mr. Combs, seconded by <br />Ms. Auburn and unanimously carried, the <br />CormLission approved the request to petition <br />the Common Council for real property tax <br />abatement for the southwest corner of Michigan <br />and Washinqton Streets. <br />g. Com*ssion approval <br />with Community Deve <br />ted for a contract <br />t for East <br />5 -605). <br />COMMISSION ADOPTED <br />RESOLUTION NO. 727 APPROVING <br />AN APPLICATION FOR REAL <br />PROPERTY TAX DEDUCTION <br />COMMISSION APPROVED REQUEST <br />TO PETITION THE COMMON <br />COUNCIL FOR REAL PROPERTY <br />TAX ABATEMENT FOR THE <br />SOUTHWEST CORNER OF MICHIGAN <br />AND WASHINGTON STREETS <br />