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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 COMMISSION APPROVED RESOLUTION No.3040 <br /> Mr. Davis and unanimously carried, the SETTING A PUBLIC HEARING ON THE <br /> Commission approved Resolution No. 3040 APPROPRIATION OF SOUTH BEND CENTRAL <br /> DEVELOPMENT AREA TAX INCREMENT <br /> setting a public hearing on the appropriation FINANCING REVENUES FOR THE PAYMENT OF <br /> of South Bend Central Development Area tax CERTAIN OBLIGATIONS AND EXPENSES RELATED <br /> increment financing revenues for the TO THEIR RESPECTIVE ALLOCATION AREAS AND <br /> payment of certain obligations and expenses OTHER RELATED MATTERS.(PUBLIC HEARING TO <br /> related to their respective allocation areas BE HELD 9:30 A.M.,JUNE 28,2012.) <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 />