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South Bend Redevelopment Commission <br />Regular Meeting —March 1, 2002 <br />6. NEW BUSINESS (CONT.) <br />A. Tax Abatements <br />(1) continued... <br />redevelopment department was that the <br />project probably would not be eligible for <br />tax abatement. Mr. Hall also informed the <br />Commission that he understands the <br />statute involved technically does not <br />require that the tax abatement be approved <br />prior to the initiation of construction, but <br />that it is a matter of policy for the City of <br />South Bend to require approval first. Mr. <br />Hall further stated that they are committed <br />to the project and to staying in the <br />downtown. He also mentioned that the <br />firm had hired a security consultant to <br />assist with the security issues involved <br />with staying in downtown South Bend. <br />Ms. Greene reminded the Commission that <br />its sole role in the process was to make a <br />determination about whether or not they <br />are agreeable to waiving the TIF in the <br />South Bend Central Development Area. <br />Ms. Greene noted it is the Council that <br />grants the tax abatement and, therefore, <br />considers any matters related to the <br />application. <br />Mr. Hunt commented that tax abatement is <br />supposed to be an incentive to proceed <br />with a project and the Commission will let <br />the Council determine policy matters. <br />Upon a motion by Mr. Kahn, seconded by <br />Ms. Roemer and unanimously carried, the <br />Commission approved Resolution <br />No. 1870 approving an application for real <br />property tax deduction. (SBL Building <br />Co., LLC) <br />7 <br />COMMISSION APPROVED RESOLUTION NO. 1870 <br />APPROVING AN APPLICATION FOR REAL <br />PROPERTY TAX DEDUCTION. (SBL BUILDING <br />CO., LLC) <br />