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South Bend Redevelopment Commission <br />Regular Meeting –May 21, 2010 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />L. Other <br /> <br />(1) continued… <br /> <br />repay that and still have sufficient reserve to <br />more than adequately cover the debt service <br />payments coming due on the EDC bond. <br /> <br />In the Erskine Village area we’re still <br />investigating whether early repayment is a <br />possibility. The Erskine Village area had an <br />EDC bond issue. We’re working to find out <br />what the early repayment provisions are. <br /> <br />The good news is that both of those projects <br />are very successful, paying property taxes <br />higher than expected. <br /> <br />Mr. Inks noted that earlier on the agenda the <br />Commission expressed interest in amending <br />Resolution No. 2678 to add to the list of <br />appropriations of this resolution the <br />Blackthorn Golf Course appropriation for <br />making late fee payments. Mr. Inks <br />suggested appropriating $10,000 for that <br />expense. <br /> <br /> <br />C <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED AS AMENDED <br />RN.2678 <br />ESOLUTION O SETTING A PUBLIC <br />Ms. King and unanimously carried, the <br />10:00..,J18,2010, <br />HEARING FOR AM UNE ON THE <br />Commission approved as amended <br />TIF <br />APPROPRIATION OF AX NCREMENT INANCING <br />Resolution No. 2678 setting a public hearing <br />REVENUES FROM VARIOUS ALLOCATION AREAS <br />for 10:00 a.m., June 18, 2010, on the <br />FOR THE PAYMENT OF CERTAIN OBLIGATIONS <br />appropriation of Tax Increment Financing <br />AND EXPENSES RELATED TO THEIR RESPECTIVE <br />ALLOCATION AREAS AND OTHER RELATED <br />revenues from various allocation areas for <br /> <br />MATTERS <br />the payment of certain obligations and <br />expenses related to their respective allocation <br />areas and other related matters. <br /> <br /> <br /> <br /> 25 <br /> <br />