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South Bend Redevelopment Commission <br />Regular Meeting — July 15, 2005 <br />6. NEW BUSINESS (CONT.) <br />J. Other <br />(1) continued... <br />Although he no longer has any ownership in <br />the company he does receive retirement <br />payments and he participates in Crowe <br />Chizek's health insurance plan. <br />Upon a motion by Mr. Hunt, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved the proposal from <br />Crowe Chizek and Company, LLC to provide <br />an analysis of Assessed Values in the Tax <br />Increment Financing (TIF) Allocation Areas <br />for the City of South Bend. <br />Mr. King asked what the staff will do with <br />the information once they have the analysis <br />from Crowe Chizek. Can the Auditor choose <br />to ignore it? <br />Mr. Inks responded that the Auditor will <br />accept the accurate information on what <br />parcels are to be included in the development <br />area. They often just have trouble keeping <br />up with the changes that occur. The Auditor <br />does, however, have some discretion about <br />what to do with the recommendations for <br />adjustments to base values. That is why we <br />are hiring a company of the caliber and <br />experience of Crowe Chizek who can come <br />to the table and help us make our case. The <br />Auditor has made such adjustments in the <br />past. <br />7. PROGRESS REPORTS <br />Ms. Greene noted that there are a number of <br />development agreements in progress, related to the <br />IL 1 17 <br />COMMISSION APPROVED THE PROPOSAL FROM <br />CROWE CHIZEK AND COMPANY, LLC TO <br />PROVIDE AN ANALYSIS OF ASSESSED VALUES IN <br />THE TAX INCREMENT FINANCING (TIF) <br />ALLOCATION AREAS FOR THE CITY OF SOUTH <br />BEND. <br />PROGRESS REPORTS <br />