My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
RM 03-20-81
sbend
>
Public
>
Redevelopment Commission
>
Minutes
>
1980-1989
>
1981
>
RM 03-20-81
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/5/2012 4:05:24 PM
Creation date
9/26/2012 12:26:43 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
30
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 />Regular Me ting - March 20, 1981 <br />5. PUBLICIHEARING (continued) <br />The iminediate thing that can be addressed is that which <br />alread generates traffic within the neighborhood, and <br />we can see some good success. We can also ask for some <br />control or posting of through - traffic prohibition with <br />those types of signage and some enforcement. As we <br />develop the area that we are trying to emphasize as <br />residential, we may be able to do some things physically <br />in order to restrict through - traffic as well. That <br />should develop as a result of the workings of the office <br />that w ll be located in the neighborhood. We are open to <br />sugges ion in that regard, and as we go through the pro- <br />ject tat will become evident to everyone involved. <br />Mr. Ha man asked what was meant by the statement that <br />there would possibly be some tailor- made programs for <br />renovation of houses. Ile said that he understood the <br />Bureau of Housing has a 9% loan program and also a re- <br />bate project, but that he is not aware of anything else <br />that t ey have right now. <br />Mr. McMahon replied that he didn't know what the Bureau <br />of Housing has today and what they will have tomorrow <br />in light of the budget cuts that the Federal Government <br />is going through. We have a number of programs that are <br />in place today that will be explained. Secondly, the <br />Bureau of Housing tailors some of their programs on an <br />annual basis, and we are asking them to do that with <br />respec to programs that will be coming up during their <br />next f scat year. They are currently into that process <br />so it s timely that this is happening now. <br />Second y, for us to buildup a program here that relies <br />stricly on Federal funds would not be in our best in- <br />terest We deal with them everyday, and we don't know <br />where those funds are going to be. We may find that as <br />a result of the current Reagan Administration action that <br />we have twice the number of programs we have now, or we <br />might find that we have none. Because that will be <br />fluctuating back and forth, it would really be foolish <br />for us to rely strictly on those funds. We will be using <br />them tq.the extent that they are available. <br />We wani <br />ing in <br />that al <br />crease <br />and ut= <br />we will <br />trial <br />to pursue what is called Tax Incremental Financ- <br />the area. Tax Incremental Financing is a program <br />lows a redevelopment district to capture the in- <br />in taxes that are paid as a result of development <br />lize them in that district. One of the reasons <br />be emphasizing some early activity in the indus- <br />rea, while a number of those folks indeed will get <br />17 <br />
The URL can be used to link to this page
Your browser does not support the video tag.