My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
02-06-08 Redevelopment Commission Minutes
sbend
>
Public
>
Redevelopment Commission
>
Minutes
>
2000-2009
>
2008
>
02-06-08 Redevelopment Commission Minutes
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/15/2008 3:43:12 PM
Creation date
2/15/2008 3:37:17 PM
Metadata
Document Relationships
02-06-08 Redevelopment Commission Agenda
(Superseded by)
Path:
\Public\Redevelopment Commission\Agendas & Packets\2008
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
20
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
South Bend Redevelopment Commission <br />Rescheduled Regular Meeting –February 6, 2008 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />F. Northeast Neighborhood Development Area <br /> <br />(3) continued… <br /> <br />areaTIF revenues. Resolution No. 2435 <br />recognizes that we are receiving other city <br />funds for the completion of Eddy Street <br />Commons. It includes an amortization <br />schedule for the $6,727,397 that is expected <br />to go into the project. It includes capitalized <br />interest and an assumed interest rate of 5% <br />and schedules payments through the fifteen <br />years after the TIF cash flows start and <br />recognizes that TIF revenue will be used to <br />make those payments. <br /> <br />CRN.2435 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />C <br />REGARDING REIMBURSEMENT OF CERTAIN ITY <br />Mr. King and unanimously carried, the <br />SB <br />OF OUTH END FUNDS ADVANCED FOR THE <br />Commission approved Resolution No. 2435 <br />ESCP <br />DDY TREET OMMONS ROJECT <br />regarding reimbursement of certain City of <br />South Bend funds advanced for the Eddy <br />Street Commons Project. <br /> <br />Mr. Blake suggested that staff make public <br />the schedule of economic impact this project <br />is expected to have on the community. He <br />felt that it has not been adequately publicized <br />how big of an impact the project will have. <br />This is a really great project with a really <br />significant impact. <br /> <br /> <br />G. Douglas Road Economic Development Area <br /> <br /> <br />There was no business in the Douglas Road <br />Economic Development Area. <br /> <br /> <br />7. PROGRESS REPORTS <br /> <br />PR <br />Mr. Inks noted that the Commissioners requested an <br />ROGRESS EPORTS <br />update on the Studebaker Auto Parts building. A memo <br /> 19 <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.