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South Bend Redevelopment Coni.mission <br />Regular Meeting -- -August 17, 2007 <br />6, NEW BUSYNESS (CONT,) <br />G. Other <br />(4) continued... <br />Mr. Inks asked that this item be tabled. <br />South Bend. Herltage 'Fotindatlon is still <br />reva.cwlng the terni.s of the agreement and has <br />not signed it. <br />Upon a motion by Mr. King, seconded by <br />Mr. Downes and unanimously carried, the <br />on nusslo.n tabled .Item 6.G.(4) until the <br />Septcm.bcr 7, 2007 meeting. <br />(5) Commission approval requested for <br />Agreement for programs and services with <br />Near Northwest Neighborhood, Inc. <br />(Portage Avenue Fa ade Matching Gra t <br />program) <br />Mr. King made a motion to approve the <br />Agreement for Programs and Services wAb <br />'Near Nordiwe t Neighborhood Association <br />{Portage Ave. Facade Matching Grant <br />program ) Mr. Downes seconded the motion. <br />The motion passed with a vote of four in <br />favor. Mr. Pe z o sl i abstained <br />7. PROGRESS REPORTS <br />Mr. IiLks referred to a report prepared by staff regarding <br />the tax abatements approved at the Aug st 3, 2007 <br />ni.eeting. The new investment those tax abatements <br />represented was between $12,000,000 and 1. 8,000,000. <br />Those abatements represented between 42 and 72 new <br />ob s with payroll averaging between 1, 000, 000 aDd <br />$2,000,000. The fin-ns getting tax abatement have over <br />o Jobs that will remain in the community with <br />payrolls in excess of $25,000,000. When the projects <br />are presented individually, they are significant projects, <br />30 <br />ITEM 6.G.(4) TABLED <br />COMMISSION APPROVED ED TIDE AG EE 1E "I" I -'0R <br />PROGRAIMS AND E- RVICES WITH THE NEAR <br />1001 Assoc 'I TIC I FOR <br />THE P0R_' 'AG Avly. FA 'ADD MAI -C RING GIANT <br />PROGRAIM <br />OGREss REPORTS <br />