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South Bend Redevelopment Commission <br />Regular Meeting - February 16, 2001 <br />6. NEW BUSINESS (CONT.) <br />a. continued... <br />No. 1827, Mr. Hunt closed the Public Hearing <br />for whatever action the Commission wished to <br />take. <br />b. Commission approval requested for <br />Resolution No. 1827. <br />Upon a motion by Mr. Caldwell, seconded by <br />COMMISSION APPROVED RESOLUTION NO. <br />Mr. Kahn and unanimously carried, the <br />1827 EXPANDING THE BOUNDARIES OF THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA, <br />Commission approved Resolution No. 1827 <br />EXPANDING THE ALLOCATION AREA FOR <br />expanding the boundaries of the Airport <br />THE PURPOSE OF TAX INCREMENT <br />Economic Development Area expanding the <br />p p an g <br />FINANCING AND AMENDING THE AIRPORT <br />ECONOMIC DEVELOPMENT AREA <br />Allocation Area for the purpose of tax increment <br />DEVELOPMENT PLAN <br />financing and amending the Airport Economic <br />Development Area Development Plan. <br />c. Commission approval requested for <br />professional appraisal services for property <br />located in the Airport Economic Development <br />Area. (52680 and 52720 Olive Road) <br />Mr. Inks explained that staff had received two <br />proposals for the appraisals of the properties <br />located in the Airport Economic Development <br />Area. One proposal is from R.E. McCloskey & <br />Associates in the amount of $1,500 and the other <br />proposal is from Douglas L. Carpenter & <br />Associates in the amount of $600. Staff <br />recommended that both proposals be approved. <br />Mr. Case stated that the property owners had <br />approached the staff regarding the purchase of <br />their respective properties. <br />-4- <br />