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• South Bend Redevelopment Authority <br />Regular Meeting -June 7, 1994 <br />3. NEW BUSINESS (Cont.) <br />e. continued... <br />Mrs. Kolata explained that with a tax abatement, the land never gets abated, so <br />they would pay taxes on the current assessed value on the land. Abatement <br />for real property is available for three, six or ten year periods. The South <br />Bend City Council has passed an ordinance that specifies when tax abatement <br />may be given. It depends on the size of the project, how many years of tax <br />abatement each project is eligible for. Crystal Mountain Water is eligible for <br />a three year tax abatement. The first year, 100 % of the improvement value <br />does not get taxed. The next year only 33 % gets taxed, the third year, 66 <br />gets taxed and after that they pay the full tax. Any industrial project within <br />the City limits of South Bend that is over 10,000 s.f. in size will be almost <br />guaranteed to receive some sort of tax abatement since the City Council has <br />never turned an eligible project down that applied for tax abatement. <br />Upon a motion by Ms. Ferlic, seconded by Mr. Gammage and unanimously <br />• carried, the Redevelopment Authority gave authorization to sign the tax <br />abatement petition on behalf of Crystal Mountain Water. <br />f. Authorit authorization uested to si n title sheet for Blackthorn Golf Course <br />Wetlands Plantin sg Dlans. <br />Mr. Riggs explained that in November of 1993, the Redevelopment Authority <br />hired Stewart Franzen, a landscape architect, to design a plantings plan for the <br />wetlands that are within the Blackthorn Golf Course. The plantings will <br />include Rushes, Black-eyed Susans and various other types of wetlands <br />treatments to give the Golf Course more of a finished look. Most of the <br />wetlands that are within the golf course are not natural. Water just collected <br />in certain low spots and did not go away. The plans have to go out for bid, <br />and need the title page to the plans signed by the Authority, approving those <br />plans. <br />Upon a motion by Ms. Ferlic, seconded by Mr. Gammage and unanimously <br />carried, the Redevelopment Authority accepted the request for authorization to <br />sign the title sheet for Blackthorn Golf Course Wetlands Plantings plan. <br />Mrs. Kolata stated that there is one more item of New Business to add. <br />• -5- <br />