RM 09-30-85 - Laserfiche WebLink

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South Bend Pedevelopment Commission Rescheduled Regular Meeting - September 30, 1985 6. NEW BUSINESS (Cont.) a. Uonitinuea... 7. A copy of Resolution No. 745 of the Redevelopment Commission with a copy of the Development Plan attached. Wit no objection heard, the Chair received the items for Public Hearing and entered them int the record. Mrs. Kolata explained that the amendment to the South Bend Central Development Plan is the addition of certain properties to the list of procerties to be acquired. There are approximately 22 -23 properties being added. All properties are located in the area where the proposed Stanley Coveleski Stadium is to be bonstructed. Mrs. Kolata noted that Findings of Fact were prepared and attached to Resolution No. 750 whi h indicates that the South Bend Red velopment Commission has conducted a study of the South Bend Central Development Area (Area) and has found that the area is blighted to an extent that cannot be corrected by re latory process or by the ordinary operations of private enterprise without resorting to the Indiana Redevelopment Law, I.C. 36- 7 -14 -1, et. seq. Blight was found in the area based on the Findings of Fact that were adopted by the Redevelopment Commission on June 14, 1985, a copy of which is attached to this Findings of Fact, which facts are sti 1 true and correct and which conditions are still found to exist. Mr. Nimtz noted that this concluded the staff pre entation and opened the Public Hearing for public comment. Mrs Janet Allen asked why Resolution No. 745 of 3eptember 30, 1985 stated the amount of ac isition to be $338,000 is now indicated to be 750,000. Mrs Kolata responded that the costs in ReSIDlution No. 745 for properties to be ac ired is estimated at $338,000. In pl ing for the Tax Incremental Financing