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South Bend Redevelopment Commission <br />Regular Meeting - September 6, 1996 <br />6. NEW BUSINESS (Cont.) <br />e. <br />E <br />continued.... <br />Upon a motion by Mr. Hojnacki, <br />seconded by Mr. Donoho and <br />unanimously carried, the Commission <br />adopted Resolution No. 1456 approving <br />an application for real property tax <br />deduction for property located at 2424 <br />Foundation Drive in the Airport <br />Economic Development Area. (Nimet <br />Industries, Inc.) <br />Commission approval requested for <br />Resolution No. 1457 approving an <br />application for personal property tax <br />deduction for property located at 2424 <br />Foundation Drive in the Airport <br />Economic Development Area. (Nimet <br />Industries, Inc.) <br />Upon a motion by Mr. Hojnacki, <br />seconded by Mr. Donoho and <br />unanimously carried, the Commission <br />adopted Resolution No. 1457 approving <br />an application for personal property tax <br />deduction for property located at 2424 <br />Foundation Drive in the Airport <br />Economic Development Area. (Nimet <br />Industries, Inc.) <br />g. Commission approval requested for <br />Lease Renewal Proposal for Office <br />Interiors in the Palais Royale Building. <br />Mrs. Kolata noted that when the City <br />entered into the most recent lease with <br />Office Interiors, it provided for an option <br />period. The option period was for a three <br />year term with a 10% increase in rent. <br />fir' -18- <br />COMMISSION ADOPTED RESOLUTION NO. 1456 <br />APPROVING AN APPLICATION FOR REAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED AT 2424 FOUNDATION DRIVE IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA. <br />(NINIET INDUSTRIES, INC.) <br />COMMISSION ADOPTED RESOLUTION NO. 1457 <br />APPROVING AN APPLICATION FOR PERSONAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED AT 2424 FOUNDATION DRIVE IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA. <br />(NIMET INDUSTRIES, INC.) <br />