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4 South Bend Redevelopment Commission <br />Regular Meeting - August 6, 1993 <br />6. NEW BUSINESS (Cont.) <br />C. continued... <br />ten year period. However, Mr. Beitzinger <br />noted that since most of the improvements <br />are interior, the assessed value may not be <br />increased as much as is estimated here and <br />the cost of the abatement would <br />consequently be less. <br />Mr. Szarwark noted that Turnmaster bought <br />South Bend Lathe during bankruptcy. The <br />plant facility is very antiquated. Insulation <br />is non - existent and the heating system is <br />inadequate, producing very poor working <br />conditions for employees. <br />Upon a motion by Mr. Sharp, seconded by <br />Mr. Piasecki and unanimously carried the <br />Commission approved Resolution No. 1184 <br />approving an application for real property <br />tax deduction for property located at 400 <br />West Sample Street in the Sample -Ewing <br />Development Area. (Turnmaster, Corp. <br />d.b.a. South Bend Lathe) <br />d. Commission approval requested for <br />Resolution No. 1185 approving an <br />aDDlication for Dersonal DroDertv tax <br />deduction for property located at 1827 N. <br />Bendix Drive in the Aimort Economic <br />Development Area. (Solvay Automotive, <br />Inc.) <br />Mr. Beitzinger asked that item 6.d. be <br />continued. There was no objection and the <br />item was continued. <br />e. Commission approval requested for Release <br />of Urban Homesteading Agreement with <br />Michael J. Knefely. <br />COMMISSION APPROVAL REQUESTED <br />FOR RESOLUTION NO. 1184 APPROVING <br />AN APPLICATION FOR REAL PROPERTY <br />TAX DEDUCTION FOR PROPERTY <br />LOCATED AT 400 WEST SAMPLE STREET <br />IN THE SAMPLE -EWING DEVELOPMENT <br />AREA. (TURNMASTER, CORP. D.B.A. <br />SOUTH BEND LATHE) <br />ITEM 6.D. WAS CONTINUED UNTIL THE <br />NEXT MEETING <br />