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12-07-07 Redevelopment Commission Minutes
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12-07-07 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br />Regular Meeting -December 7, 2007 <br />6. NEW BUSINESS (CONT.) <br />A. Public Hearing <br />(1) continued... <br />(e) continued... <br />had with Holladay Corp. about the widening <br />of the road there. Mr. Inks responded that it <br />does not. But both are related to the same <br />potential expense, the widening of Douglas <br />Road. In this case, there may be some minor <br />uses related to the widening of Douglas. <br />Having the money already appropriated <br />makes it available if we need it. Any such <br />expenditure would come to the Commission <br />for approval before being spent. If we <br />wanted to widen Douglas any time in the <br />near future, it would have to be financed <br />because the increment collected could not <br />pay for it. <br />Mr. Peczkowsk asked, then, if this was in any <br />way a response to the difficulty in <br />negotiations we had with Holladay? Mr. <br />Inks responded, no; whether we had <br />concluded those negotiations or not, this <br />money would still need to be appropriated. <br />Mr. King noted that the TIF revenue for this <br />district will grow substantially when the new <br />Memorial building becomes a part of it. Mr. <br />Schalliol agreed. The projection was that it <br />would generate several hundred thousand <br />dollars. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Blake and unanimously carried, the <br />Commission approved Resolution No. 2401, <br />a Supplemental Appropriation Resolution of <br />the Redevelopment Commission (Douglas <br />Road Economic Development Area) <br />22 <br />COMMISSION APPROVED RESOLUTION NO. 2401, <br />A SUPPLEMENTAL APPROPRIATION RESOLUTION <br />OF THE REDEVELOPMENT COMMISSION <br />(DOUGLAS ROAD ECONOMIC DEVELOPMENT <br />AREA <br />
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