RM 09-30-85 - Laserfiche WebLink

Home Browse Search

South Bend edevelopment Commission Rescheduled Regular Meeting - September 30, 1985 6. NEW BUSINESS (Cont.) a. uonl-lnuea... (TI F) Bond we estimated $750,000 which inc Ludes acquisition along with relocation and deMlition costs. It also includes the acqjisition costs of properties that have not be added to the acquisition list at this poi t, but may if the plan is further amended. The actual acquisition costs for the pro rties being added to the acquisition list are estimated at $338,000. Mrs. Allen asked if that estimate included ac isition of the Greater Christian Ta rnacle Church located in the area of the proposed stadium. Mrs. Kolata responded that the $338,000 does not include acquisition of the Church. Discussions have been held with Church representatives, but no firm decision has been made on acquisition. If the decision is de to acquire the Church, the Development Plan would have to be amended through the Red6velovment Commission. Ms. Glenda Rae Hernandez voiced her personal protest to the redeclaring of the South Bend Central Development Area because she feels the taxpayers should not be underwriting the or lect. . Allen also made her personal objection to redeclaring of the plan. Chair noted their objections. Mrs. Kolata stated that the TIF Bond that is being proposed will not raise the tax levy. It is a use of tax dollars but it will not increase the tax levy. no further objections, the Public was concluded. Upcn a motion made by Mr. Donoho, seconded by Mr. Piasecki and unanimously carried, the Commission approved Resolution No. 750 and ad pted the Findings of Fact attached as Exhibit A to Resolution No. 750. -7- COMMISSION APPROVED RESO- LUTION NO. 750 AND ADOPTED THE FINDINGS OF FACT ATTACHED AS EXHIBIT A TO RESOLUTION NO. 750