Approving Form SB-1 and Form CF-1 Allowing Additional Equipemtn to be Deducted from the Assessed Valuation Apollo Precision Machining Inc.

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RESOLUTION NO. �65y- q A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND APPROVING FORM SB -1 AND FORM CF -1 ALLOWING ADDITIONAL EQUIPMENT TO BE DEDUCTED FROM THE ASSESSED VALUATION OF APOLLO PRECISION MACHINING, INC. WHEREAS, the Common Council of the City of South Bend, Indiana, previously approved a five (5) year personal property tax abatement for Apollo Precision Machining, Inc. on August 8, 1994 through Resolution Number 2162 -94 for personal property to be located at 4075 Ralph Jones Drive, South Bend, Indiana, and WHEREAS, the equipment in question belonging to Apollo Precision Machining, Inc. was purchased and installed at 4075 Ralph Jones Drive, South Bend, Indiana, and is operated at this site for manufacturing purposes, and WHEREAS, Apollo Precision Machining, Inc. has met or exceeded all promises for new capital investment, jobs retained, new jobs created and related salaries, and WHEREAS, the City of South Bend desires to approve the correcting procedural problems as allowed under Rule 4, Miscellaneous Provisions, 50 IAC 10 -4 -1 Correcting Procedural Problems, Sections 1 through 4, allowing Apollo Precision Machining, Inc. to capture any remaining years of abatement granted in Resolution Number 2162 -94. THEREFORE, the Common Council of the City of South Bend, Indiana, wishes to approve the Form S13-1 and accompanying Form CF -1 dated July 14, 1998 and allow said equipment to be deducted from the assessed valuation of Apollo Precision Machining, Inc. PRESENTED 7-, 7T NOT APPROVED (� ADOPTED -/. )-? -q p Member of the Common Council Filed in Clerk's Office JUL 14 1998 LOgETTAJ. DUDA CITYCLERK, 50. SEND. IN.