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South Bend Redevelopment Commission <br />Regular Meeting - May 5, 1995 <br />5. <br />6. <br />OLD BUSINESS (Cont.) <br />C. continued... <br />abatement, the taxes will be <br />approximately $3,109. Therefore, the <br />cost of the personal property tax <br />abatement will be approximately $14,424 <br />over the five year period. <br />Upon a motion by Mr. Hunt, seconded <br />by Mr. Hojnacki and unanimously <br />carried, the Commission approved <br />Resolution No. 1340 approving an <br />application for real property tax <br />deduction for property located in the <br />Sample -Ewing Development Area. <br />d. Commission approval requested for <br />Resolution No. 1341 approving an <br />application for personal property tax <br />deduction for property located in the <br />Sample -Ewing Development Area. <br />(Design Packaging, Inc.) <br />Upon a motion by Mr. Hojnacki, <br />seconded by Mr. Hunt and unanimously <br />carried, the Commission approved <br />Resolution No. 1341 approving an <br />application for personal property tax <br />deduction for property located in the <br />Sample -Ewing Development Area. <br />NEW BUSINESS <br />a. Staff report on disposition of property <br />in the Airport Economic Development <br />Area. <br />Mrs. Kolata noted that there was no staff <br />report at this time. However, she asked <br />IL that Mr. Bancroft be recognized for a <br />brief statement. Mr. Bancroft stated that <br />-7- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1340 APPROVING AN APPLICATION FOR <br />REAL PROPERTY TAX DEDUCTION FOR <br />PROPERTY LOCATED IN THE SAMPLE - <br />EWING DEVELOPMENT AREA <br />COMMISSION APPROVED RESOLUTION <br />NO. 1341 APPROVING AN APPLICATION FOR <br />PERSONAL PROPERTY TAX DEDUCTION <br />FOR PROPERTY LOCATED IN THE SAMPLE - <br />EWING DEVELOPMENT AREA <br />THERE WAS NO REPORT <br />