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South Bed Redevelopment Commission <br />Reschedu ed Regular Meeting - June 13, 1986 <br />pub is hearing and the adoption of the <br />sup lemental appropriation resolution, the <br />app opriate proofs of publication and <br />do nts would be submitted to the County <br />Aud'tor's office for submittal to the State <br />Tax Board. Also anticipated on June 17, 1986 <br />is the Commission's request for the approval <br />of he bond issue to be suhmi.tted to the State <br />Tax Board. This would keep the Commission on <br />the timetable originally adopted whereby the <br />bon s would be sold, closed and bond proceeds <br />rec ived prior to September lst. <br />Mr. Hunt noted that the advantage to a tax <br />increment financing bond is that the money is <br />drawn out of the project area as opposed to <br />going out and making a general obligation <br />bon (3. This is only a revenue bond from <br />to yers within the tax increment financing <br />areA in the South Bend Central Development <br />Mr. Hunt added that all the projected numbers <br />cou d vary depending upon when the bond is <br />sol <br />The Chair opened the public hearing to the PUBLIC HEARING CONCERNING': <br />pub is for comments. No comments were APPROPRIATION OF PROCEEDS OF <br />received. THE CITY OF SOUTH BEND REDEVEL- <br />OPMENT DISTRICT TAX INCREMENT <br />The Chair concluded the public hearing for REVENUE BONDS OF 1986 <br />whatever action the Commission desires to <br />take. <br />i. Comnission a roval requested for Resolution <br />No. 776 Supplemental Appropriation Resolution <br />One of South Bend Redevel22ment District Tax <br />Inc ement Revenue Bonds of 1986. <br />Upon a motion made by Ms. Auburn, seconded. by <br />Mr. Donoho and unanimously carried, the <br />Comnission approved Resolution No. 776 <br />Su lemental Appropriation Resolution One of <br />South Bend Redevelopment District Tax <br />Inc ement Revenue Bonds of 1986. <br />..�8 .�. <br />Mr. Hun reported that the Michigan Street project <br />is abou one week behind due to the rain. The <br />project is still targeted for a July 31, 1986 <br />completion date. <br />Also re�orted was the Bureau of Housing allocation <br />COMMISSION APPROVED RESOLUTION <br />NO. 776 SUPPLEMENTAL APPROPRI- <br />ATION RESOLUTION ONE OF SOUTH <br />BEND REDEVELOPMENT DISTRICT <br />TAX INCREMENT REVENUE BONDS <br />OF 1986 <br />