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South Bend Redevelopment Commission <br /> Regular Meeting—October 25, 2011 <br /> 6. NEW BUSINESS <br /> A. Receipt of Bids <br /> (1) continued... <br /> Upon a motion by Ms. King, seconded by COMMISSION APPROVED TO REFER ALL BIDS <br /> Mr. Downes and unanimously carried, the RECEIVED FOR PARKING MANAGEMENT TO <br /> Commission approved to refer all bids LEGAL AND STAFF TO ASSURE PROPOSALS MEET <br /> STANDARDS AND MAKE RECOMMENDATIONS. <br /> received for parking management to legal <br /> and staff to assure proposals meet standards <br /> and make recommendations. <br /> B. Public Hearing <br /> (1) Public Hearing on Resolution No. 2944 <br /> appropriating monies for the purpose of <br /> defraying the expenses of certain local <br /> public improvements for the fiscal year <br /> beginning January 1, 2011 and ending <br /> December 31, 2011, including all <br /> outstanding claims and obligations, fixing <br /> a time when the same shall take effect <br /> (Redevelopment Retail). <br /> Mr. Inks noted that the public hearing file is <br /> complete, containing a copy of the Notice of <br /> Hearing; a copy of Resolution No. 2944, the <br /> subject of the public hearing; an affidavit <br /> from Jacki Krolczyk, advertising Director of <br /> the South Bend Tribune, and Richard <br /> Andrysiak, Classified Manager of the Tri- <br /> County News that the Notice of Hearing was <br /> published in those newspapers on <br /> October 14, 2011. <br /> Ms. Jennings noted that there is a revised <br /> 2011 proposed budget provided. This year <br /> the Redevelopment retail shops experienced <br /> at its lowest point a 42%vacancy rate which <br /> resulted in a 25% loss in revenue. With the <br /> costs of re-leasing vacant space, unexpected <br /> utilities, vacant unit clean-out and leasing <br /> 6 <br />