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South Bend Redevelopment Commission <br />Regular Meeting - April 10, 1992 <br />6. NEW BUSINESS (Cont.) <br />f. continued... <br />ze <br />tech ologically sophisticated companies <br />worldwide. This kind of work requires <br />freqient upgrading of equipment to stay <br />abre st of changing technologies. Some <br />of tie equipment they are purchasing is <br />for this reason. <br />The ther equipment being purchased is <br />ammo is based refrigeration equipment. <br />Freoi has been charged with a number of <br />envi onmental problems and there is <br />equi ment available now that will allow <br />Nime to be more environmentally <br />resn nsible. <br />Ms. iuddleston asked if ammonia has any <br />prop rties that could be dangerous to the <br />comet nity. Mr. Szarwark- responded that <br />the 3YBtem is a closed container system <br />so t at no ammonia will escape. <br />Upon a motion by Mr. Piasecki, seconded <br />by Ms. Huddleston and unanimously <br />carried, the Commission approved <br />Resolution No. 1049 approving an <br />application for personal property tax <br />dedu tion for property located at 2424 <br />Nort Foundation Drive in the Airport <br />Econ mic Development Area. (Nimet <br />Indu tries) Mr. Faccenda abstained. <br />Fl <br />(South Bend <br />Trib ne). <br />Mrs. Kolata noted that items 6.g. and <br />6.h. both concern the South Bend Tribune <br />expa Sion. One is for real property tax <br />abat ment and the other for personal <br />nron rtv tax abatement. <br />Mr. nash read the staff report on this <br />tax atement. The Tribune proposes a <br />-8- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1049 APPROVING AN APPLICATION <br />FOR PERSONAL PROPERTY TAX <br />DEDUCTION FOR PROPERTY LOCATED AT <br />2424 NORTH FOUNDATION DRIVE IN <br />THE AIRPORT ECONOMIC DEVELOPMENT <br />AREA (NIMET INDUSTRIES) <br />