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South Bend Regular Me 6. NEW BU b. Ca. Mr be it Ms ro, Mrs. I new mE has asc East f 8. NEXT C The nE Commi E at 10: 9. ADJCUF There before motion Combs adj our. elopment commission - February 10, 1989 (Cont. Combs asked why the project couldn't onsidered for ten years of e nent. Mr. Nimtz responded that the an Council had not approved more than :e years of abatement for a project did not meet the prescribed elines. Ms. Auburn also responded . the job creation to be realized was significant enough to warrant ten s of abatement. Mrs. Kolata noted the reason this is considered by the Fission at all is because it is in a Incremental Financing Allocation Area the longer the abatement, the longer gill take to build up a tax increment h can benefit the area. L a motion by Mr. Donoho, seconded by Auburn and unanimously carried, the fission approved Resolution No. 868 wing an application for six years of . property tax deduction for property ted at 1320 S. Franklin Street, Litional upon Mr. Murdock accepting .gn review by the staff. a introduced, Mr. Iarry Koepfle, a of the Redevelopment staff. He d planning responsibilities for the area. Regular Meeting of the Redevelopment in is scheduled to February 24, 1989 a.m. g no further business to come Commission, Mr. Doncho made a t the meeting be adjourned. Mr. nded the motion and the meeting was at 10:55 a.m. COMMISSION APPROVED RESOLUTION NO. 868 APPROVING AN APPLICATION FOR SIX YEARS OF REAL PROP= TAX DEDUCTION FOR PROP= LOCATED AT 1320 S. FRANL N STREET ..*�vZ .A NEXT COMMISSION MEETING : I i 0)11 ZIP xa�_ President _11_ Mrs. Ann E. Kolata, Director