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. - 4 <br />South Bend Redevelopment Commission <br />Regular Meeting - August 21, 1998 <br />6. NEW BUSINESS (CONT.) <br />e. Commission approval requested for <br />Resolution No. 1634 approving an <br />application for personal property tax <br />deduction for property at 336 N. Niles <br />Avenue in the South Bend Central <br />Development Area. (South Bend <br />Brewery) <br />Using the estimated equipment cost of <br />$280,000, the taxes generated over the five - <br />year period will be approximately $26,512. <br />Taxes abated over the five -year period will <br />be approximately $21,811. Taxes still paid <br />with the abatement over the five -year period <br />will be approximately $4,701. <br />Mrs. Kolata asked if South Bend Brewery <br />had checked with the State of Indiana to see <br />if the brewing equipment qualified for <br />personal property tax abatement because the <br />State is the one who actually determines <br />eligibility. Mr. Sullivan stated that they had <br />checked this out and the equipment <br />qualifies. <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Blake and unanimously carried, the <br />Commission adopted Resolution <br />No. 1634 approving an application for <br />personal property tax deduction for property <br />at 336 N. Niles Avenue. (South Bend <br />Brewery) <br />Ms. Schwartz asked permission to consider item <br />6.g. before item 61. on the agenda There was no <br />objection and the agenda was taken out of order. <br />HAWPDATA \C0MMSN\082198.MIN <br />-14- <br />COMMISSION ADOPTED RESOLUTION <br />NO. 1634 APPROVING AN APPLICATION FOR <br />PERSONAL PROPERTY TAX DEDUCTION FOR <br />PROPERTY AT 336 N. NILES AVENUE. (SOUTH <br />BEND BREWERY) <br />