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RM 05-20-94
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RM 05-20-94
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ON- <br />South Bend Redevelopment Commission <br />Regular Meeting - May 20, 1994 <br />6. NEW BUSINESS (Cont.) <br />e. Commission approval requested for <br />Resolution No. 1253 =roving an <br />apglication for real property tax deduction <br />for proper located at 802 S. Fellows <br />Street in the South Bend Central <br />Development Area. (Harbor Metal <br />Treating of Indiana, Inc.) <br />Mr. Beitzinger noted that a review of the <br />cost of the real property tax abatement <br />shows that, without abatement, the project <br />will generate approximately $17,872 in <br />new taxes over the three year period. <br />With abatement, the project will generate <br />approximately $6,017. Therefore, the cost <br />of the real property tax abatement will be <br />approximately $11,855 over the three year <br />period. <br />Upon a motion by Mr. Sharp, seconded by <br />Mr. Donoho and unanimously carried, the <br />Commission approved Resolution No. 1253 <br />approving an application for real property <br />tax deduction for property located at 802 <br />S. Fellows Street in the South Bend <br />Central Development Area. (Harbor Metal <br />Treating of Indiana, Inc.) <br />f. Commission approval requested for <br />Resolution No. 1254 approving an <br />application for real property tax deduction <br />for property located at 1530 S. Olive Street <br />in the SamDle -Ewine Development Area. <br />(Con -Way Central Express) <br />Mr. Beitzinger read the staff report on the <br />project. Con -Way Central Express is a <br />next day and second day LTL freight <br />carrier servicing the central and <br />-10- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1253 APPROVING AN APPLICATION FOR <br />REAL PROPERTY TAX DEDUCTION FOR <br />PROPERTY LOCATED AT 802 S. FELLOWS <br />STREET IN THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA. (HARBOR METAL <br />TREATING OF INDIANA, INC.) <br />
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