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RM 09-17-99
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RM 09-17-99
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South Bend Redevelopment Commission <br />Regular Meeting - September 17, 1999 <br />6. NEW BUSINESS (CONT.) <br />c. continued... <br />Upon a motion by Mr. Blake, seconded by <br />Mr. Donoho and unanimously carried, the <br />Commission adopted Resolution No. 1708 <br />approving an application for personal <br />property tax deduction for property on <br />West Cleveland Road (as more <br />particularly described on the Legal <br />Description and Building Site Plan) in the <br />Airport Economic Development Area. <br />(Adapto- Indiana, Inc.) <br />d. Commission approval requested for <br />Resolution No. 1709 approving an <br />application for real property tax <br />deduction for property at 1215 South <br />Walnut Street in the Sample -Ewing <br />Development Area. (Steel Warehouse <br />Co. Inc. in care of Lock Joint Tube, <br />Inc.) <br />Lock Joint Tube, Inc./KeyCorp Capital <br />Leasing/Steel Warehouse Co. Inc./LJT No. <br />1, LLC is a manufacturer of commercial <br />steel tubing used in a variety of industries, <br />including automotive, office furniture, <br />store fixtures, health care and exercise <br />equipment. The project calls for the <br />construction of a 30,000 sf. building <br />addition to the facility on South Walnut <br />Street. The total project cost for the <br />building addition is $800,000. <br />Additionally, the company intends to <br />purchase and/or lease between $1.5 and <br />$2.5 million worth of new machinery and <br />equipment to be installed at the South <br />Walnut Street facility. <br />-8- <br />COMMISSION ADOPTED RESOLUTION NO. 1708 <br />APPROVING AN APPLICATION FOR PERSONAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY ON <br />WEST CLEVELAND ROAD (AS MORE <br />PARTICULARLY DESCRIBED ON THE LEGAL <br />DESCRIPTION AND BUILDING SITE PLAN) IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA. <br />(ADAPTO- INDIANA, INC.) <br />
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