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09-06-02 Redevelopment Commission Minutes
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09-06-02 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br />Regular Meeting— September 6, 2002 <br />6. NEW BUSINESS (CONT.) <br />A. Public Hearings <br />(2) continued... <br />however, options will be kept open for all <br />development and the parcel will not be held <br />for any particular business. <br />Upon a motion by Ms. Jones, seconded by <br />Ms. Roemer and unanimously carried, the <br />Commission approved Resolution No. 1901 <br />amending the South Bend Central <br />Development Area Development Plan. <br />(South Bend Central Development Area) <br />(3) Public Hearing on Resolution No. 1908 <br />amending the Declaratory Resolution for <br />the Sample -Ewing Development Area. <br />Mr. Inks reported that Resolution No. 1908 <br />is related to the TJX Project. It was noted <br />that in TIF areas the real property is <br />automatically part of the increment for the <br />area; however, personal property is not <br />automatic. Resolution No. 1908 designates <br />AJW South Bend Realty Corporation and <br />the TJX Companies as designated taxpayers <br />so that their depreciable personal property is <br />included as a part of the TIF. The additional <br />TIF from the personal property of AJW and <br />TJX is necessary to make debt service <br />payments on the bonds that are to be issued <br />in the near future. <br />Mr. Inks noted that copies of the Notices of <br />Publication were received from Baker & <br />Daniels. The public hearing file is complete <br />and is being held by Baker & Daniels as part <br />of the bond documents. <br />14 <br />COMMISSION APPROVED RESOLUTION NO. 1901 <br />AMENDING THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA DEVELOPMENT PLAN. <br />(SOUTH BEND CENTRAL DEVELOPMENT AREA) <br />
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