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South Bend Pedevelopment Commission <br />Special Me ing - August 17, 1983 <br />2. NEW BUSINESS (Cont.) <br />a. uonzinuea... <br />explained that this was a national register <br />nomination and the area involved is bounded by <br />LaSalle Avenue on the north, St. Joseph on the <br />east, Wayne Street on the south, and William <br />Street on the west. This involves is <br />nominating the historic buildings within that <br />area and it would not affect any vacant lots. <br />Ms. Kiemnic explained that the owners of those <br />historic buildings would be eligible for tax <br />incentives and, when available, matching <br />gr is from the National Register. <br />Mr. Gilbert explained that he has been <br />involved with many of the people working on <br />historic preservation within the state and <br />South Bend, and that he felt it was very <br />si ificant that South Bend is now focusing on <br />do town. He stated that the multiple <br />resource approach to historic preservation <br />wilL alert property owners to the <br />op rtunities downtown. He stated that the <br />present tax incentives have a very promising <br />app oath to historic preservation. <br />Ms. Kiemnic read sane examples of the <br />buildings eligible for tax credits within the <br />multiple resource area and that she was <br />planning to meet with the owners of these <br />buildings on an individual basis. <br />Mrs Kolata asked what are the advantages and <br />disadvantages of owning a building within the <br />multiple resource district. <br />Mr. Gilbert stated that an owner of a historic <br />building would be required to get approval <br />fram the National Trust for any renovation <br />plans for their building. He stated that the <br />adv,mtages outweigh the disadvantages mainly <br />be use of the incentives. He explained that <br />other than a notification to the owner that <br />their building is on the National Register, <br />the National Trust may never enter into their <br />lives again. <br />-2- <br />