Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting —April 10, 2012 <br />Mr. Davis noted that for the record, he is not <br />in favor of this. He will remain consistent <br />with his earlier votes. He's not been in favor <br />because it drains the TIF funds from that <br />district. The Hansel Center is a nice asset but <br />it won't pay taxes back into the West <br />Washington TIF. Mr.Relos said he believed <br />the project would be taxable. <br />Mr. Varner asked Mr. Inks whether the West - <br />Washington TIF is broke. Mr. Inks said that <br />the area generates about $400,000 in TIF <br />each year. The TIF designation does not <br />have an expiration date. The next priority <br />will be the Rushton Apartments. <br />Mr. Downes made a motion to approve NO ACTION TAKEN <br />Resolution No. 3016. Mr. Varner seconded <br />the motion. The vote was two in favor, one <br />against. <br />Mr. Metiever noted that the item will be <br />brought back to the Commission at its next <br />meeting. No action was taken today because <br />the concurrence of three members is <br />necessary to approve or disapprove of action. <br />E. South Side Development Area <br />(1) Relocation Agreement with American <br />Electric Power for the Main - Lafayette <br />Connector Project. <br />Mr. Schalliol noted that the Relocation <br />Agreement is for the relocation of facilities in <br />and adjacent to the Main - Lafayette <br />Connector project. While the roadway was <br />designed to minimize impacts to AEP and <br />other utilities, there still remained several <br />points of intersect with both the transmission <br />and the distribution network. For those <br />service points in easements, the party causing <br />/: <br />