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South Bend Redevelopment Commission <br />Regular Meeting –March 6, 2009 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />C. South Bend Central Development Area <br /> <br />(4) continued… <br /> <br />demolishing the building. However, it seems <br />like a modest amount of money for an <br />adaptive reuse in the interim. As soon as we <br />have the opportunity to develop that block as <br />part of the HOK plan, that building will come <br />down. <br /> <br />Ms. Jones encouraged staff to be extremely <br />proactive about the reuse of that building as a <br />public facility during those 5 years. <br /> <br /> <br />Ms. King made a motion to approve the <br />proposal for professional services related to <br />reuse of former Richey’s Radiator building. <br />There was no second. The motion died. <br /> <br />Mr. Varner and Mr. Alford explained their <br />reluctance. They do not like spending <br />$150,000 on something that will come down <br />in three years. <br /> <br /> <br />A. Tax Abatements <br /> <br /> <br />(1) Resolution No. 2564 approving an <br />application for personal property tax <br />deduction for property located at 445 <br />North Sheridan Street in the Airport <br />Economic Development Area. (Treadstone <br />LLC AEDA) <br /> <br />Mr. Mathia gave the staff report on the <br />project. Treadstone, LLC recycles solid <br />rubber tires into rubber mulch of various <br />sizes and weights. Ninety percent of their <br />production is a large premium size mulch <br />that is used primarily for children’s <br /> 9 <br /> <br />