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South Bend Redevelopment Commission <br />Regular Meeting –December 3, 2010 <br /> <br />part of this transaction, but is related. <br /> <br />Mr. Varner asked what the property taxes are <br />on the property currently. Mr. Inks thought <br />taxes are between $600,000 and $700,000 <br />total per year. <br /> <br />CM <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED THE EMORANDUM OF <br />U1S <br />ST <br />NDERSTANDING WITH OURCE <br />Mr. Varner and unanimously carried, the <br />C,HHB <br />ORPORATION OST OTELS AND THE OARD <br />Commission approved the Memorandum of <br />PW <br />OF UBLIC ORKS <br />st <br />Understanding with 1 Source Corporation, <br />Host Hotels and the Board of Public Works. <br /> <br /> <br /> <br />(3) Resolution No. 2812 amending the <br />Development Plan for the South Bend <br />Central Development Area and adding an <br />interest in one or more parcels to the List <br />of Parcels to be Acquired. <br /> <br />Mr. Inks noted that Resolution No. 2818 adds <br />st <br />the parking garage at the 1 Source Center to <br />the South Bend Central Development Area <br />Acquisition List. <br /> <br />CRN.2812 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />DP <br />AMENDING THE EVELOPMENT LAN FOR THE <br />Mr. Varner and unanimously carried, the <br />SBCDA <br />OUTH END ENTRAL EVELOPMENT REA <br />Commission approved Resolution No. 2812 <br />AND ADDING AN INTEREST IN ONE OR MORE <br />amending the Development Plan for the <br />LP <br />PARCELS TO THE IST OF ARCELS TO BE <br />South Bend Central Development Area and <br />A <br />CQUIRED <br />adding an interest in one or more parcels to <br />the List of Parcels to be Acquired. <br /> <br /> <br />Mr. Inks asked to consider Items 6.C.(6) and <br />6.C.(7) at this time because they are also <br />st <br />related to the 1 Source transaction. There <br />was no objection and the items were moved <br />up on the Agenda. <br /> <br />(6) Resolution No. 2815 related to acquisition <br />of property in the South Bend Central <br />Development Area. (122 Niles Ave.) <br /> 16 <br /> <br />