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South Bend Redevelopment Commission <br />Regular Meeting - October 17, 1997 <br />5. OLD BUSINESS (CONT.) <br />a. continued.... <br />Ann Kolata stated that the original ordinance <br />defined a number of areas for automatic tax <br />abatement. When the original ordinance was <br />repealed by the new ordinance, the areas <br />included in the new ordinance were <br />substantially smaller in numbers than the <br />areas original ordinance encompassed. <br />Mr. Donoho asked Mr. Beitzinger what the <br />intent of the original residential tax <br />abatement ordinance was. Mr. Beitzinger <br />stated that the intent of the original ordinance <br />was to try to try to expand the tax abatement <br />program to encourage new residential <br />development in the city. <br />Mike Beitzinger stated that Tom Ford and his <br />partner at that time, Barry Adams, came to <br />him and inquired about the possibility of <br />offering tax abatement for new housing <br />construction. <br />Mike Beitzinger stated that the Residential <br />Tax Abatement program tried to give some <br />kind of incentive to home builders so they <br />would continue building within the city. <br />Mike Beitzinger stated that the tax abatement <br />program is limited to $12,000 of assessed <br />valuation. <br />Ms. Auburn asked Tom Ford if he had any <br />more houses that are affected by the repealed <br />ordinance. Tom Ford stated that he doesn't <br />have any more houses that are affected by the <br />repealed ordinance. <br />H:\ HOME\CPHIPPS \WPDATA \COMMSN\101797.MIN -9- <br />