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South Bend Redevelopment Commission <br />Regular Meeting - July 21, 1995 <br />6. NEW BUSINESS (Cont.) <br />g. continued... <br />abatement, the equipment would generate <br />$346,780. Therefore, the cost of the five <br />year personal property abatement will be <br />approximately $1,608,896. <br />Mr. Szarwark, representing Midwest Land <br />Company, noted that Midwest chose the <br />South Bend location because of its proximity <br />to major transportation routes. He noted the <br />highly paid, skilled jobs that would be <br />created in the area. <br />Mr. Faccenda disclosed that he is a retired <br />member of Barnes & Thornburg which is <br />representing Midwest Land Company in this <br />tax abatement. He does not have a conflict <br />of interest on this item. <br />Upon a motion by Mr. Hunt, seconded by <br />Ms. Auburn and unanimously carried, the <br />Commission approved Resolution No. 1367 <br />approving an application for real property <br />tax deduction for property located at 5021 <br />Nimtz Parkway in the Airport Economic <br />Development Area. (Midwest Land <br />Company) <br />h. Commission approval requested for <br />Resolution No. 1368 approving an <br />application for personal property tax <br />deduction for property located at 5021 <br />Nimtz Parkway in the Airport Economic <br />Development Area. (Midwest Land <br />Company) <br />12 <br />COMMISSION APPROVED RESOLUTION <br />NO. 1367 APPROVING AN APPLICATION FOR <br />REAL PROPERTY TAX DEDUCTION FOR <br />PROPERTY LOCATED AT 5021 NIMTZ <br />PARKWAY IN THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA. (MIDWEST LAND <br />COMPANY) <br />