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South Bend Redevelopment Commission <br />Regular Meeting -February 15, 2008 <br />6. NEW BUSINESS (CONT.) <br />J. Other <br />(2) continued... <br />You need to know the impact; at least start <br />the discussion. <br />Mr. Inks noted that the moratorium period is <br />relatively short, four weeks unless there's an <br />extended session. There may be projects that <br />come in during that time that need to move <br />forward. They might lose out on the <br />possibility of tax abatement because of the <br />moratorium since our tax abatement policy <br />forbids pulling a building permit before the <br />Council passes the designating resolution. <br />Bob Mathia mentioned this dilemma to the <br />Council at its meeting; Mr. Inks didn't <br />remember whether the Council was willing <br />to make some accommodation for that, such <br />as approving the designating resolution, <br />making the applicant aware that the <br />confirming resolution wouldn't be passed <br />until the moratorium was lifted and might not <br />be passed at all. <br />Mr. Downes noted that there needs to be <br />some flexibility with any moratorium. South <br />Bend wouldn't want to lose a great project <br />because of the moratorium. <br />Mr. King asked staff to find out if the <br />moratorium could have financial limits, such <br />as a commercial project with an anticipated <br />assessed value of less than $25M, or a <br />residential project with an anticipated <br />assessed value of more than $150,000, so as <br />to not ruin an opportunity for this community <br />to secure a very large project, or to allow a <br />small residential project to go through for a <br />22 <br />