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South Bend <br />Regular Mee <br />6. NEW <br />elopment Commission <br />- June 20, 1980 <br />g. conT-inuea.... <br />Mr. Donaldson made a motion to COMMISSION APPROVAL <br />approve the negotiation and GRANTED FOR A CONTRACT <br />execution of "Agreement for BETWEEN THE DEPARTMENT <br />Professional and Technical OF REDEVELOPMENT AND <br />Se ces" between the City of STEVEN NYE FOR PROFES- <br />Sou h Bend, Department of Redevel SIONAL SERVICES IN THE <br />opment and Steven Nye, Re: East EAST BANK AREA <br />Bank, pending legal review, seconded <br />by Mr. Robinson, and the motion <br />was unanimously carried. <br />Ms. Derbeck: Does the contract <br />say how much you are going to pay <br />him <br />Mrs Kolata: It would be approximately <br />$1,)00.00. <br />7. PROGRES3 REPORTS <br />a. Tax Incremental Financing <br />Mrs Kolata: The resolution passed <br />at bur last meeting amending the Declaratory <br />Resolution to provide for an allocation. <br />area for purposes of tax incremental <br />financing has been approved by Area Plan <br />and sent along to the Common Council. <br />I b lieve it is on the Common Council's <br />age da for their meeting on Monday <br />evening. It would then be sent back to <br />us For a public hearing and a confirming <br />resolution. I believe when we give legal <br />notice of the public hearing that the <br />hearing cannot take place less than ten <br />days following the second publication. <br />This would mean that the earliest that <br />we could have a public hearing would be <br />July 14th. It may be necessary to call <br />a special meeting for the public <br />hearing and the confirming resolution <br />som time after July 14th. <br />Mr.jRobinson: Why the urgency? <br />Mrs Kolata: It may not be necessary to <br />sch dule a special meeting, but I did <br />want to bring it to your attention in <br />the event that we should have to call a <br />spe ial meeting. <br />-13- <br />