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South Bend edevelopment Comnission <br />Regular Meeting - October 12, 1984 <br />6. NEW BUSINESS (COnt.) <br />d. Comnission approval requested for Resolution <br />No. 718 redeclaring the Rum Village Industrial <br />Park to be blighted and amending tax <br />allocation provisions therein. <br />Mr. Hunt explained that the Rum Village <br />Industrial Park has previously been declared a <br />redevelopment area and a tax increment <br />financing area for real property. Since that <br />ti there has been a change in state law that <br />wil allow us to include personal property in <br />the a tax increment financing area. This <br />Resolution amends the tax allocation <br />provisions in the Rum Village Industrial Park <br />to include taxes generated by personal <br />proDerty to be included in the increment. The <br />eff ctive date will be March 1, 1984 for the <br />frozen base. <br />Upo a motion made by Mr. Donaldson, seconded <br />by 4r. Donoho and unanimously carried, the <br />Conmission approved Resolution No. 718 <br />re Glaring the Rum Village Industrial Park to <br />be lighted and amending tax allocation <br />br isions therein. <br />e. Corrmission approval requested for Resolution <br />No. 719 redeclaring the East Bank Develo <br />Ar to be blighted and amending the <br />nPN .1 ounent Plan. <br />Mrs. Kolata explained that Comnission approval <br />is requested to add two properties to the East <br />Bark acquisition list. The first property <br />being added is the remainder of Parcel 2 -16 <br />which is in between the Raceway and Crescent <br />El ctric. The second property includes <br />Pa Gels 9 -11, 9 -12, and 9 -13 which is just <br />east of Niles Avenue more commonly referred to <br />as the Luther Beverage property. <br />10 <br />L <br />COMMISSION APPROVED <br />RESOLUTION NO. 718 RE- <br />CLARING THE RUM VILLAGE <br />INDUSTRIAL PARK TO BE <br />BLIGHTED AND AMENDING TAX <br />ALLOCATION PROVISIONS <br />THEREIN <br />)n a motion made by Ms. Auburn, seconded by COMMISSION APPROVED <br />Piasecki and unanimously carried, the RESOLUTION NO. 719 RE- <br />mission approved Resolution No. 719 CLARING THE EAST BANK <br />leclaring the East Bank Development Area to DEVELOPMENT AREA TO BE <br />blighted and amending the Development Plan. BLIGHTED AND AMENDING THE <br />DEVELOPMENT PLAN <br />