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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 />Public Hearing on Resolution No. 2402 <br />The next resolution being considered is <br />Resolution No. 2402, South Side <br />Development Area Allocation Area No. 1. <br />Mr. Schalliol noted that the South Side <br />Development Area Allocation Area No. 1 <br />includes all of the development area except <br />Erskine Village and Erskine Commons. The <br />development in the general area has <br />generated $925,000 in increment, which is <br />the amount to be appropriated today. The <br />anticipated use of this money is for <br />pedevelopment activities such as property <br />acquisition, infrastructure improvements and <br />planning to continue to grow the <br />development area. <br />There was no one who wished to speak <br />regarding Resolution No. 2402. <br />(fJ Commission approval requested for <br />Resolution No. 2402 appropriating tax <br />increment financing revenues from <br />Allocation Area No. 1 fund for the <br />payment of certain obligations and <br />expenses related to the South Side <br />Development Area Allocation Area No. 1. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. King and unanimously carried, the <br />Commission approved Resolution No. 2402 <br />appropriating tax increment financing <br />PUBLIC HEARING ON RESOLUTION N0.2402 <br />COMMISSION APPROVED RESOLUTION NO. 2402 <br />APPROPRIATING TAX INCREMENT FINANCING <br />REVENUES FROM THE ALLOCATION UREA NO. 1 <br />FUND FOR THE PAYMENT OF CERTAIN <br />23 <br />