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South Bend Redevelopment Commission <br />Regular 1 eting — October 19, 2007 <br />6. NEW BUSINESS (CONY.) <br />H. Tax Abatements <br />(1) <br />necessary to sell lots In South Bend. It has <br />been a big marl eting tool for theta. <br />Mr. Pec o vs ] asked if the area deserved <br />abatement In 2002 because It was considered <br />blighted. Ms. hamblee responded that it <br />L[ t wasn't a growth area in 2 002 , <br />Mr..Pec l owskl asked if it is a growth area <br />now. Ms. Chamblee responded that it is <br />I <br />i.mprovled., but not fabulous. It st .1l1. needs the <br />help o f abatement. to be able to sell the lots. <br />With development at Portage Pr irle to begin <br />soon, this area should become nn.ore popular. <br />.Mr. I o vncs made a motion to approve <br />Resolution No. 2389 approving an <br />ap licatlon for real property tax deduction <br />for property located in Section I of The <br />Villas at Blackthom in. the Airport Economic <br />Development Area. Mr. King seconded the <br />rnotlon. The vote was four to one with Mr. <br />Pec l o vskl opposed. The motion carried. <br />7. PROGRESS REPORTS <br />Mr. Matbla reported that there were ten tax abatements <br />held up before they went to the Common Council for <br />their confirming resolutions. Between the declaratory <br />resolution and the confirming resolution a Memorandum <br />of Agreement is written and signed. We wanted to add <br />some new language to the Memorandum of Agreement <br />concerning the circuit breaker tax. Those changes were <br />finally approved by the Council's attorney, so the ten <br />abatements have now had their- eon rmmg resolutions <br />approved by the Council, <br />3 <br />COMMI S S 10N A P P ROV El- D RE SO LUTION NCB, 2399 <br />APPROVI'N .r AN APPLICATION FOR RFAL <br />PRC PERTY TAX DEDIX- "I'10N FOR PROPERTY <br />LOCATED I F(''1 ON I oi,- Ti-IE VILLAS Al- <br />L 'F TI-IC RN� IN']']--]E AMP RT ECONOMIC <br />E EL P E 't, RE -A <br />PROGREss REPORTS <br />