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South Bend Redevelopment Commission <br />Regular Meeting –December 19, 2008 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />A. Tax Abatements <br /> <br />(2) continued… <br /> <br />abatement period are estimated at $70,013. <br /> <br />Lisa Makowski, corporate treasurer for Fortis <br />Plastics, noted that Fortis has been evaluating <br />options to either move from Elkhart to <br />Henderson, Kentucky, or to South Bend. <br />They will be consolidating from three plants <br />to one in whichever location they decide, <br />plus relocating their corporate headquarters <br />and information technology operations to the <br />new location. Fortis Plastics is also working <br />with the State of Indiana for incentives they <br />might offer. They applied for the tax <br />abatements to see how much of a total <br />incentive package could be received. They <br />hope to make their decision on location <br />within a few weeks. <br /> <br />CRN.2530 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />APPROVING AN APPLICATION FOR REAL <br />Ms. King and unanimously carried, the <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />Commission approved Resolution No. 2530 <br />3615VD <br />LOCATED AT OORDE RIVE IN THE <br />approving an application for real property tax <br />AEDA. <br />IRPORT CONOMIC EVELOPMENT REA <br />deduction for property located at 3615 <br />(FP) <br />ORTIS LASTICS <br />Voorde Drive in the Airport Economic <br />Development Area. (Fortis Plastics) <br /> <br /> <br />(3) Resolution No. 2531 approving an <br />application for personal property tax <br />deduction for property located at 3615 <br />Voorde Drive in the Airport Economic <br />Development Area. (Fortis Plastics) <br /> <br />CRN.2531 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />APPROVING AN APPLICATION FOR PERSONAL <br />Ms. King and unanimously carried, the <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />Commission approved Resolution No. 2531 <br />3615VD <br />LOCATED AT OORDE RIVE IN THE <br />approving an application for personal <br />AEDA. <br />IRPORT CONOMIC EVELOPMENT REA <br />property tax deduction for property located at <br />(FP) <br />ORTIS LASTICS <br /> 8 <br /> <br />