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South Bend Redevelopment Commission <br />Regular Meeting— December 19, 2003 <br />6. NEW BUSINESS <br />A. Public Hearings <br />(3) continued... <br />investment within the area and that <br />accomplishing the Development Plan will be <br />a benefit to public health and welfare. In <br />addition, the Commission must find that <br />redevelopment of the area would not be <br />accomplished if not for the action taken by <br />approving Resolution No. 2021. After an <br />area has been designated as a <br />"redevelopment area ", the planning tools <br />granted to the Commission by State law are <br />then allowed to be utilized. These tools <br />include, but are not limited to, property <br />acquisition, improved infrastructure and a <br />variety of diverse planning mechanisms. <br />Approval of Resolution No. 2021 establishes <br />a Tax Increment Financing area (TIF) and <br />states how the TIF revenues will be utilized. <br />The use of TIF revenue is set forth in <br />Indiana Code 36- 7- 14 -39. The TIF uses <br />proposed in Resolution No. 2021 have been <br />reviewed by Legal Counsel and are <br />consistent with State law. <br />Ms. Greene continued that the Commission <br />has complied with State law by publishing a <br />Notice of Public Hearing, posting a copy of <br />the Notice of Public Hearing in the office of <br />the Area Plan Commission, the Board of <br />Zoning Appeals, the Board of Public Works, <br />the Beard of Park Commissioners, the <br />Building Commissioners, other departments <br />and taxing units affected by action taken on <br />Resolution No. 2021. <br />25 <br />