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South Ben4 Redevelopment Commission <br />Regular M eting —July 12, 2012 <br />6. NEW OUSINESS (CONT.) <br />D. - South Side Development Area <br />(1' <br />continued... <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved Certificate regarding <br />Annual Financial Information Disclosure <br />(Erskine Village Project). <br />E. Northeast Neighborhood Development Area <br />F. <br />G. <br />(1) <br />was no business in the Northeast <br />borhood Development Area. <br />Road Economic Development Area <br />re was no business in the Douglas Road <br />nomic Development Area. <br />er <br />Resolution No. 3056 determining that the <br />tax increment which may be collected in <br />the year 2013 is needed to satisfy <br />obligations of the Commission and that no <br />excess assessed value may be allocated to <br />the respective taxing units and other <br />related matters. <br />Mr. Inks noted Resolution No. 3056 meets a <br />requirement under state law, that by July 15 <br />each year the Commission is required to <br />notify the auditor and various other entities <br />about whether the Commission needs all of <br />the tax increment revenue for the following <br />year or not. <br />Staff recommends that'all of the tax <br />increment revenue be retained by the <br />25 <br />COMMISSION APPROVED CERTIFICATE <br />REGARDING ANNUAL FINANCIAL INFORMATION <br />DISCLOSURE (ERSKINE VILLAGE PROJECT). <br />THERE WAS NO BUSINESS IN THE NORTHEAST <br />NEIGHBORHOOD DEVELOPMENT AREA. <br />