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06-08-07 Redevelopment Commission Minutes
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06-08-07 Redevelopment Commission Minutes
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6/8/2007
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06-08-07 Redevelopment Commission Agenda
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South Bend Redeve opm.ent Commission <br />Rescheduled Regular MeetIng —June 8, 2007 <br />6. NEW BUSINESS (CONT.) <br />A. Public Hearings <br />(3) continued... <br />appropriating today, the $239,000. Then <br />we've provided a total appropriation column <br />as well. <br />Mr. Peezoski : So the $13,000 is possibly <br />available, it looks like 't hasn't been used yet. <br />IS it more important to pay off the debt or to <br />have a memorial? <br />Mr. Inks: Again, the first column is the <br />original appropriation. I can tell you that it <br />Hasi <br />indicate whether or not it's been spent. It "s <br />just the appropriation. It doesn't include any <br />expenditures. The original budget was also <br />signed off on y the Controller. There were <br />certain things that the Controller said, "Gee, <br />why don't you use Say ple- Ewing <br />Development Area funds to cover those <br />costs" and agreed to pick up any debt service <br />out of the city's capital budget. But since <br />then we've come across another $239,000 <br />hat's available. <br />Mr. eezl ows is Mow, this was part of the <br />deal when we decided to let the Wright deal, <br />when we said OK we will restructure how <br />much of a penalty per job and so we settled <br />for the amount that they had in rather than <br />the larger amount that we could have <br />expected under the original agreement? Is <br />that what we're tallying about? <br />Mr. Inks: This is past of the amendment to <br />those documents, Yes. <br />1 <br />
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