2. Minutes 2/5/10 Meeting - Laserfiche WebLink

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South Bend Redevelopment Commission Regular Meeting -February 5, 2010 Mr. Alford and unanimously carried, the Commission approved Resolution No. 2650 setting a Public Hearing on the appropriation of tax increment financing revenues from various allocation areas for the payment of certain obligations and expenses related to their respective allocation areas and other related matters, setting the public hearing for 10:00 a.m., March 5, 2010. (2) Master Service Agreement with Crowe Horwath. (Accounting, Financial and Other Consulting Assistance) Mr. Inks noted in the past we have individual service agreements with Crowe. This year we expect to contract with Crowe numerous times and have decided that a Master Service Agreement would be appropriate. The proposed Master Service Agreement will provide for accounting, financial and other consulting assistance. Accounting assistance is not to exceed $15,000. Financial advisory services relate to debt financing and will typically not exceed $40,000 per issuance. Other consulting assistance is not to exceed $45,000 and may include items such as TIF Neutralization Worksheets, New Market Tax Credits and analysis of TIF parcels in various TIF areas. In a typical year, we have Crowe do the TIF Neutralization Worksheets. Occasionally we may have Crowe do some TIF parcel analysis or work on a bond issue. These projects have always been done, as needed, under a specific project proposal. This year we anticipate we may have several projects requiring services from Crowe and believe a Master Service Agreement would be appropriate. In addition to the projects APPROPRIATION OF TAX INCREMENT FINANCING REVENUES FROM VARIOUS ALLOCATION AREAS FOR THE PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THEiR RESPECTIVE ALLOCATION AREAS AND OTHER RELATED MATTERS, SETTING THE PUBLIC HEARING FOR 10:00 A.M., MARCH 5, 2010 25