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2011
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10-25-11 Packet
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11/1/2012 12:33:04 PM
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10/21/2011 11:57:07 AM
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South Bend Redevelopment Commission <br />Regular Meeting — October 11, 2011 <br />get their tax credits. They would be <br />expecting the city to participate with West <br />Washington TIF for upgrades to the adjacent <br />parking lot and some fagade work. The <br />application would get points for municipal <br />participation. They may or may not be <br />awarded tax credits. So we're not <br />committing money right now, but promising <br />participation if they are awarded tax credits. <br />There is no remaining TIF in the WWCDA <br />in 2011, so funding would have to take place <br />in 2012. <br />5. OLD BUSINESS <br />There was no Old Business. <br />6. NEW BUSINESS <br />THERE WAS NO OLD BUSINESS <br />A. South Bend Central Development Area <br />(1) Request for funds to support an <br />infrastructure improvement project at <br />113 E. Wayne Street. <br />Ms. Nicholl -Smith noted that the <br />Commission has been asked to partner with <br />the Board of Public Works and a private <br />investor in the extension of a water main and <br />attendant sidewalk and street repair for the <br />adaptive re -use of a vacant second floor <br />space. The Blarney Stone, located in the <br />Annex of the former Penney's store, needs <br />access to the water main to install a required <br />fire protection system. <br />The Board of Public Works has agreed to an <br />in -kind contribution of labor and equipment <br />(valued at approximately $10,000) and is <br />asking Redevelopment to provide the <br />materials at a cost not -to- exceed $10,000. <br />The building owner will invest $17,000 for <br />7 <br />
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