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South Bend Redevelopment Commission <br />Regular Meeting — January 24, 2012 <br />6. NEW BUSINESS (CONT.) <br />A. Public Hearings <br />(14) continued... <br />Ms. Jones opened the Public Hearing for <br />anyone who wished to speak regarding <br />Resolution No. 2986. There was no one who <br />wished to speak. Ms. Jones closed the Public <br />Hearing for whatever action the Commission <br />wished to take. <br />Mr. Varner asked when this would be paid <br />off. Ms. Leonard Inks responded that there <br />will be one payment in 2013. <br />(15) Consideration of Resolution No. 2986. <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved Resolution No. 2986 <br />determining to appropriate monies for the <br />purpose of defraying the expenses of certain <br />local public improvements for the fiscal year <br />beginning January 1, 2012, and ending <br />December 31, 2012, including all outstanding <br />claims and obligations, fixing a time when <br />the same shall take effect. <br />B. South Bend Central Development Area <br />(1) Resolution No. 3004 accepting the transfer <br />of real property from the South Bend <br />Redevelopment Authority (Eleven <br />Housing Development Corporation <br />properties in Monroe Park). <br />Mr. Relos noted that there are currently <br />twelve Housing Development Corporation <br />(HDC) properties in the Monroe Park area on <br />which staff has been working through the <br />COMMISSION APPROVED RESOLUTION NO. 2986 <br />DETERMINING TO APPROPRIATE MONIES FOR THE <br />PURPOSE OF DEFRAYING THE EXPENSES OF <br />CERTAIN LOCAL PUBLIC IMPROVEMENTS FOR THE <br />FISCAL YEAR BEGINNING JANUARY 1, 2012, AND <br />ENDING DECEMBER 31, 2012, INCLUDING ALL <br />OUTSTANDING CLAIMS AND OBLIGATIONS, <br />FIXING A TIME WHEN THE SAME SHALL TAKE <br />EFFECT. <br />