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South Bend Redevelopment Commission <br />Regular Meeting -July 20, 2007 <br />6. NEW BUSINESS (CONT.) <br />B. Tax Abatements <br />() continued... <br />Mr. Peczkowski: So these numbers we're <br />seeing are based already on that projected <br />increase. <br />Mr. Peczkowski: "Without it they cannot <br />operate the facility." Again, public money is <br />keeping someone competitive. Either the <br />business is run so poorly that it can't find a <br />way to maintain a competitive edge and it <br />needs to ask the public to help finance their <br />business's competitiveness, or, I'm really <br />sorry, but the city's been gouging businesses <br />through the years with taxes that are so <br />onerous that every business needs relief from <br />a government that's obsessed with keeping <br />its coffers filled. I don't know which way to <br />go on this one. I think it's a sad statement on <br />the abatement process once again. <br />Mr. Downes: The reality is that it's a net <br />investment of new capital. It creates new <br />jobs and retains existing jobs. That's a pretty <br />good use of public money. <br />Mr. Peczkowski: It's a use that's being <br />studied now in Chicago and is being shown <br />as fallacious. <br />Mr. Downes made a motion to approved <br />Resolution No. 2355 approving an <br />application for personal property tax <br />deduction for property located at 5855 <br />Carbonmill Dr. in the Airport Economic <br />Development Area. (GWSB-Corporate <br />Services, lessee). Ms. Jones seconded the <br />THE COMMISSION FAILED TO APPROVE <br />RESOLUTIONNo. 2355. <br />34 <br />