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04-24-12 Redevelopment Commission Minutes
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04-24-12 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br /> Regular Meeting—April 24, 2012 <br /> redevelopment process for this position. <br /> Mr. Davis asked for a list of TIF <br /> requirements on paper on requirements for or <br /> asking for the ability to use TIF dollars to <br /> leverage participation. We use the state <br /> code. Mr. Inks noted that the state code <br /> prevails. In practice, folks are looking for <br /> creative ways to use the funds within the <br /> statute. The other aspect in using TIF, in <br /> terms of how much TIF to put into a <br /> particular project given the benefit is giving <br /> back to the community, we have general <br /> rules of thumb but those are being reviewed. <br /> Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED FACADE EASEMENT <br /> Mr. Davis and unanimously carried, the AGREEMENT WITH DATA REALTY SUBJECT TO <br /> Commission approved Facade Easement LEGAL REVIEW. <br /> Agreement with Data Realty subject to legal <br /> review. <br /> (2) First Amendment to the Use, <br /> Management, and Operations Agreement <br /> dated November 17, 2011 with Data Realty <br /> Northern Indiana, LLC. <br /> Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED FIRST AMENDMENT TO <br /> Mr. Davis and unanimously carried, the THE USE,MANAGEMENT,AND OPERATIONS <br /> Commission approved First Amendment to AGREEMENT DATED NOVEMBER 17,2011 WITH <br /> DATA REALTY NORTHERN INDIANA,LLC, <br /> the Use, Management, and Operations SUBJECT TO LEGAL REVIEW. <br /> Agreement dated November 17, 2011 with <br /> Data Realty Northern Indiana, LLC, subject <br /> to legal review. <br /> (3) Resolution No. 3022 related to acquisition <br /> of property in the Airport Economic <br /> Development Area. (1504 S. Kemble) <br /> Mr. Relos noted the acquisition of 1504 S. <br /> Kemble. This property was added to the <br /> Airport Economic Development Area's <br /> Acquisition List by Resolution No. 2668 on <br /> 14 <br />
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