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South Bend Redevelopment Commission <br /> Regular Meeting—January 24, 2012 <br /> 6. NEW BUSINESS (CONT.) <br /> A. Public Hearings <br /> (1) continued... <br /> Ms. Jones opened the Public Hearing on <br /> Resolutions No. 2975, 2976, 2977, 2978, <br /> 2979, 2980, 2981, 2982, 2983 and 2984 for <br /> whoever wished to speak. There was no one <br /> who wished to speak regarding Resolutions <br /> No. 2975, 2976, 2977, 2978, 2979, 2980, <br /> 2981, 2982, 2983 and 2984. Ms. Jones <br /> closed the Public Hearing for whatever <br /> action the Commission wished to take. <br /> (2) Consideration of Resolution No. 2975. <br /> Mr. Varner requested that staff be a little <br /> more specific about the Airport TIF and the <br /> Downtown TIF so the Commission could <br /> have a better handle on how the funds are to <br /> be spent. <br /> Ms. Jones noted that in the past the Executive <br /> Sessions have been held to allow the <br /> Commissioners to review the strategies for <br /> each area prior to the Public Hearings. She <br /> would like to have that opportunity again in <br /> the future before being asked to approve the <br /> appropriation resolutions. <br /> Mr. Inks clarified to Mr. Varner that that $10 <br /> million of the $30 million in the Airport TIF <br /> is under contract which rolls over from one <br /> year to the next. <br /> Ms. Leonard Inks added that $9.5 million is <br /> encumbered already. The appropriation for <br /> 2012 is actually $19.4 million. <br /> Mr. Inks added, of the things we need to <br /> 5 <br />