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Bill No. 22-48 Confirming the Adoption of a Declaratory Resolution Steel Warehouse Tax Abatement
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Bill No. 22-48 Confirming the Adoption of a Declaratory Resolution Steel Warehouse Tax Abatement
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ABATEMENT QUALIFICATION <br />1. A review of the tax abatements previously granted , finds that the petitioner has <br />been granted eight (8) tax abatements. <br />a. 10-Y Real Property -Confirming Resolution #1964-92 , August 1992 <br />b. 10-Y Real Property Abatement -Confirming Resolution #2167-94, August <br />1994 <br />c. 5-Y Personal Property Abatement -Confirming Resolution #3793-07, <br />September 2007. <br />d. 5-Y Personal Property Abatement -Confirming Resolution #3792-07 , <br />September 2007. <br />e. 5-Y Personal Property Abatement -Confirming Resolution #3 791-07, <br />September 2007 . <br />f . 5-Y Personal Property Abatement -Confirming Resolution #3995-09, October <br />2009. <br />g . 5-Y Personal Property Abatement -Confirming Resolution #4054-10 , October <br />2010. <br />h. 5-Y Personal Property Abatement -Confirming Resolution #4055-10 , October <br />2010 . <br />2 . A review of the South Bend Redevelopment designation areas finds that the property <br />is located in the River West Development Area. <br />3. A review of the Tax Abatement Ordinance No . 9394-03 finds that the petitioner <br />meets the qualifications for five (5) year personal tax abatements under section 2- <br />82.1 , Industrial development in Urban Enterprise Zone and Redevelopment Blighted <br />Areas, and section 2-84.2 , Tangible Personal Property Tax Abatement.
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