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South Bend Redevelopment Commission <br />Regular Meeting —May 31, 2012 <br />6. NEW BUSINESS (CONT.) <br />A. South Bend Central Development Area <br />(1) continued... <br />there is a change in the debt service reserve <br />account. <br />Upon a motion by Mr. Alford, seconded by <br />Mr. Davis and unanimously carried, the <br />Commission approved Resolution No. 3040 <br />setting a public hearing on the appropriation <br />of South Bend Central Development Area tax <br />increment financing revenues for the <br />payment of certain obligations and expenses <br />related to their respective allocation areas <br />and other related matters. (Public hearing to <br />be held 9:30 a.m., June 28, 2012.) <br />(2) Filing of Resolution No. 3036 confirming <br />Resolution No. 3006 amending the <br />Development Plan for South Bend Central <br />Development Area and setting a public <br />hearing for 9:30 a.m., June 28, 2012 on <br />Resolution No. 3036. (adding three <br />properties at the northwest corner of Main <br />and Western to the List of Parcels to be <br />Acquired) <br />Mr. Inks noted that on January 23, 2012, the <br />South Bend Redevelopment Commission <br />approved Declaratory Resolution No. 3006 <br />which started the process to amend the South <br />Bend Central Development Area <br />Development Plan to add three properties to <br />the acquisition list. The three properties are <br />located on the northwest corner of the Main <br />Street and Western Avenue and are part of <br />the property acquisitions from GMS Realty <br />(Gates). <br />5 <br />COMMISSION APPROVED RESOLUTION NO. 3040 <br />SETTING A PUBLIC HEARING ON THE <br />APPROPRIATION OF SOUTH BEND CENTRAL <br />DEVELOPMENT AREA TAX INCREMENT <br />FINANCING REVENUES FOR THE PAYMENT OF <br />CERTAIN OBLIGATIONS AND EXPENSES RELATED <br />TO THEIR RESPECTIVE ALLOCATION AREAS AND <br />OTHER RELATED MATTERS. (PUBLIC HEARING TO <br />BE HELD 9:30 A.M., JUNE 28, 2012.) <br />