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South Bend <br />Regular Me <br />6. NEW BU <br />d. co <br />elopment Commission <br />- April 10, 1992 <br />,(Cont.) <br />howe er, located in a Tax Incremental <br />Fina cing Allocation Area. The <br />peti Toner qualifies for 5 years of <br />pers nal property tax deduction under the <br />Tax Abatement Ordinance. <br />Mr. onash noted that without abatement <br />the stimated taxes on this personal <br />prop rty would be $31,931. The abated <br />taxe will be approximately $5,662 over <br />the ive year period. Therefore, the <br />am t to be abated will be approximately <br />$26, 69. <br />Mr. <br />all <br />The <br />by <br />the <br />No. <br />per <br />pro <br />in <br />(St <br />touffer, owner of Stouffer <br />tries, explained that Stouffer <br />tries is the world's primary <br />ier of sensitivity guides for the <br />graphic industry. They make the <br />under their own trade name and for <br />ajor photographic manufacturers. <br />quipment is highly specialized and <br />expensive. <br />a motion by Mr. Faccenda, seconded <br />. Piasecki and unanimously carried, <br />ommission approved Resolution <br />047 approving an application for <br />nal property tax deduction for <br />rty located at 1801 Commerce Drive <br />e Airport Economic Development Area. <br />ffer Industries) <br />e. comet ssion <br />Reso ution <br />a 1-cation <br />dedu tion f <br />Norti Found <br />Econ mic De <br />Indu tries) <br />f. <br />ive in the Air <br />t Area. (Nimet <br />Mrs.�Rolata asked that this item be <br />cont'nued. <br />ax <br />-6- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1047 APPROVING AN APPLICATION <br />FOR PERSONAL PROPERTY TAX <br />DEDUCTION FOR PROPERTY LOCATED AT <br />1801 COMMERCE DRIVE IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA <br />(STOUFFER INDUSTRIES) <br />ITEM 6.E. WAS CONTINUED <br />