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South Be <br />Regular <br />6. NEW <br />C. <br />rp <br />e. <br />nd Fedevelopment <br />Comnission <br />Mee <br />ingr- February 8, 1985 <br />BUSINESS <br />(Cont.) <br />Continued... <br />Upor <br />a motion made by Mr. Piasecki, seconded <br />by Ms. <br />Auburn and unanimously carried, <br />Res <br />lution No. 729 redeclaring the Central <br />Do <br />town Urban Renewal Area to be blighted and <br />ame <br />ding the Urban Renewal Plan was approved. <br />Cormission <br />approval requested for Resolution <br />No. <br />730 petitioning the Portage Township <br />Ass <br />ssor for a reassessment of the priope rty in <br />the <br />East Bank Develo ment Allocation Area. <br />Ms. <br />Schwartz explained that under the <br />Redevelopment <br />Statute dealing with Tax <br />Incremental <br />Financing it provides for the <br />CormLission. <br />to petition the Portage Township <br />Ass <br />ssor each year to reassess the property <br />within <br />the allocation areas that have been <br />previously <br />declared by the Redevelopment <br />CormLission. <br />Upon <br />a motion made by Ms. Auburn, seconded by <br />Mr. <br />Donoho and unanimously carried, Resolution <br />No. <br />730 petitioning the Portage Township <br />Ass <br />ssor for a reassessment of the property in <br />the <br />East Bank Development Allocation Area was <br />approved. <br />CormLission <br />approval requested for Resolution <br />No. <br />731 petitioning the Portage Township <br />Ass <br />ssor for a reassessment of the property in <br />the <br />Central Downtown Urban Renewal Amended <br />Allocation <br />Area No. 1. <br />Schwartz explained that under the <br />Ms. <br />Redevelopment <br />Statute dealing with Tax <br />Incremental <br />Financing it provides for the <br />ConmLission <br />to petition the Portage Township <br />Ass <br />ssor each year to reassess the property <br />within <br />the allocation areas that have been <br />previously <br />declared by the Redevelopment <br />Co <br />ssion. <br />Upon <br />a motion made by Mr. Donoho, seconded by <br />Mr. <br />Combs and unanimously carried, Resolution <br />No. <br />731 petitioning the Portage Township <br />Assessor <br />for a reassessment of the property in <br />the <br />Central Downtown Urban Renewal Amended <br />Allocation <br />Area No. 1 was approved. <br />-5- <br />RESOLUTION NO. 729 RE- <br />DECLARING THE CENTRAL <br />DOWNTOWN URBAN RENEWAL <br />AREA TO BE BLIGHTED AND <br />AMENDING THE URBAN RENEWAL <br />PLAN WAS APPROVED <br />RESOLUTION NO. 730 <br />PETITIONING THE PORTAGE <br />TOWNSHIP ASSESSOR FOR A <br />REASSESSMENT OF THE PROPERTY <br />IN THE EAST BANK DEVELOPMENT <br />AREA WAS APPROVED <br />RESOLUTION NO. 731 <br />PETITIONING THE PORTAGE <br />TOWNSHIP ASSESSOR FOR A <br />REASSESSMENT OF THE PROPERTY <br />IN THE CENTRAL DOWNTOWN <br />URBAN RENEWAL AMENDED ALLOCA- <br />TION AREA NO. 1 WAS APPROVED <br />