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RM 08-01-97
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RM 08-01-97
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South Bend Redevelopment Commission <br />Regular Meeting - August 1, 1997 <br />6. NEW BUSINESS (CONT.) <br />a. continued.... <br />abatements help. <br />Ms. Schwartz asked if the tax abatement <br />will ultimately benefit the low- income <br />homeowner as opposed to the developers. <br />Dea Andrews noted that is correct. Dea <br />Andrews stated that the tax abatement <br />gives the developer some comfort that <br />people will be interested in moving into <br />the house. She also noted that a developer <br />can tell a party that's interested in <br />purchasing one of the houses, that the <br />house has tax abatement for the first five <br />years. Ms. Schwartz asked Dea Andrews <br />if she was saying that the tax abatement <br />increases the potential market for the <br />houses. Dea Andrews stated that is <br />correct. <br />Upon a motion by Mr. Faccenda, seconded <br />by Ms. Schwartz and unanimously carried, <br />the Commission adopted Resolution <br />No. 1534 approving an application for real <br />property tax deduction for property located <br />in the West Washington- Chapin <br />Development Area. (South Bend Heritage <br />Foundation for the benefit of Garden <br />Homes, Inc.) <br />b. Commission approval requested for <br />Resolution No. 1535 approving an <br />application for real property tax <br />deduction for property located in the <br />Sample -Ewing Development Area. <br />(American Home Dreams, Inc.) <br />H:\ HOME\ CPHIPPS \WPDATA \COMMSM080197.MIN -8- <br />COMMISSION ADOPTED RESOLUTION NO. 1534 <br />APPROVING AN APPLICATION FOR REAL PROPERTY <br />TAX DEDUCTION FOR PROPERTY LOCATED IN THE <br />WEST WASHINGTON - CHAPIN DEVELOPMENT AREA. <br />(SOUTH BEND HERITAGE FOUNDATION FOR THE <br />BENEFIT OF GARDEN HOMES, INC.) <br />
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