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RM 06-18-93
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RM 06-18-93
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South Bend Redevelopment Commission <br />Regular Meeting - June 18, 1993 <br />6. NEW BUSINESS (Cont.) <br />h. continued... <br />and recycle the water. It was not clear <br />whether the cleaning chemicals would be able <br />to be reused. <br />Mrs. Kolata responded that Ziker Cleaners as <br />a whole has one SIC code, which does not <br />qualify for the personal property tax <br />abatement. But they want to be considered <br />under a different SIC code. The staff doesn't <br />feel it has the right to change a company's <br />SIC code for this purpose, or any other <br />purpose. She suggested tabling Resolution <br />No. 1167, and asking the Commission <br />attorney to meet with the Common Council <br />attorney to resolve the question of Ziker's <br />ability to qualify under a different SIC code <br />than the one they are assigned. <br />Item 6.h. was tabled. <br />ITEM 6.H WAS TABLED <br />i. Commission approval requested for <br />Resolution No. 1168 approving an application <br />for real property tax deduction for property <br />located at 251 E. Sample Street in the South <br />Bend Central Development Area. (Ziker <br />Cleaners) <br />Mr. Beitzinger noted that without abatement, <br />the taxes on the real property would be <br />approximately $35,989 over the three year <br />period. With abatement, the taxes would be <br />approximately $12,116. Therefore the cost <br />of the abatement over the three year period <br />would be approximately $23,873. <br />-10- <br />
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