Laserfiche WebLink
South Bend Rcdc~~clopmcnt Commission <br />Rcs!ular Mcctin2-Nu~cmbcr 7. ?008 <br />6. N[?~'1~ BI~SI'VESS (CON~h.) <br />A. Tas Abatement <br />(I) continued... <br />~hhc petitioner has not rccci~cd any prc~ ious <br />utx abatements. ~l~hc properly is ~oncd tur <br />the proposed project. The property is located <br />in the Airport Economic Dc~clo~~mcnt Arco. <br />VA~ll Ch 1S a lax 1nC1'Cm l'nt a~~OCQUOn arCa; <br />[herefin~c, the petition for real property tux <br />abatement must first he appro~~ai by the <br />South Bend Rede~~elopment Commission. <br />Mr. Mathia noted that the project does not <br />qualify frn tax abatement under the tax <br />abutcmcnt ordinance, but has requested a <br />special exception from the Common Council. <br />When the tax abatement ordinance ~~~as last <br />redone, they updated the reference to the <br />'north American Industry Classification <br />(?x~AIC) System ~~~hich defines the kind of <br />~rarchouscs ~~~hich yualiiy. Ho~~~c~°cr, thev <br />updated the rc{crence_ but didn~t update the <br />list of types ofi warehouses. The reference <br />rcicrs to <aroups 4? I. 4??, and d9; in the <br />Ix~AIC S_vstcm. In the ~°crsion ?UU?, rcicrrcd <br />to in the ordinance, aroups 4? I and ~}?? arc <br />no lon~~er thine. The actin°itics described <br />under those groups arc included in a couple <br />of other groups. The attorney t<~r the <br />Common Council suggestai requesting a <br />Special Exception and that correctin~a the <br />ordinuncclatcr. <br />Mr. Mathia noted that, if appro~~ed. the total <br />tales to be abated during the three years of <br />ahutcmcnt arc estimated at 579? I~. The <br />total taxes to be paid durin~a that three year <br />period arc estimated to be 556.076. <br /> <br />