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South Bend Redevelopment Commission <br />Regular Meeting - February 20, 1998 <br />6. NEW BUSINESS (CONT.) <br />e. continued.... <br />requesting tax abatement consideration for <br />today. He noted that they expect the <br />equipment cost to total approximately <br />$500,000. <br />Upon a motion by Mr. Donoho, seconded <br />by Ms. Auburn and unanimously carried, <br />the Commission adopted Resolution <br />No. 1580 approving an application for <br />personal property tax deduction for <br />property located in the Airport Economic <br />Development Area. (Total Enterprises, <br />LTD) <br />E Commission approval requested for <br />Resolution No. 1581 related to <br />acquisition of property within the South <br />Bend Central Development Area by <br />Eminent Domain. <br />Mrs. Kolata stated that this resolution sets <br />a purchase price and authorizes the <br />Director to send the purchase offer to the <br />property owners of the property located at <br />the corner of Monroe and Lafayette <br />Streets. The property is needed for the <br />new building of the Studebaker Museum. <br />The purchase offer is contingent on the <br />official approval and release of funds <br />being received from the United States <br />Department of Housing and Urban <br />Development. <br />Will <br />COMMISSION ADOPTED RESOLUTION NO. 1580 <br />APPROVING AN APPLICATION FOR PERSONAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED IN THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA. (TOTAL ENTERPRISES, LTD) <br />