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South Bend Redevelopment Commission <br />Special Meeting - October 9, 1998 <br />2. OLD BUSINESS <br />a. continued.... <br />10 -year real property tax abatement in <br />May 1986; (2) A five -year personal <br />property tax abatement in May 1986; (3) <br />A five -year personal property tax <br />abatement in April 1991; (4) A 10 -year <br />real property tax abatement in July 1993; <br />(5) A five -year personal property tax <br />abatement in July 1993; (6) A five -year <br />personal property tax abatement in <br />September 1994. <br />Federal -Mogul South Bend, Inc. is in <br />compliance with the reporting <br />requirements for each of the previous <br />abatements. <br />The building commissioner has reviewed <br />the petition and finds the property to be <br />properly zoned for the proposed project. <br />A review of the designated South Bend <br />Redevelopment areas finds that the <br />property is located in the Airport <br />Economic Development Area, which is a <br />Tax Incremental Allocation Area; <br />therefore, the petitions for real and <br />personal property tax abatement must first <br />be approved by the South Bend <br />Redevelopment Commission. <br />The staff received information from <br />Federal-Mogul South Bend, Inc. stating <br />that a foundation permit was obtained <br />prior to submission of the tax abatement <br />petition. <br />H: \WPDATA \C0MMSN\100998.MIN -3- <br />