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South B <br />Regular <br />6. NEW <br />e. <br />f. <br />Q <br />Redevelopment Commission <br />!ting — August 28, 1987 <br />(Cont.) <br />n a motion by Mr. Donoho, seconded by <br />Piasecki and unanimously carried, the <br />mission approved the proposal from <br />oy Troyer and Associates for <br />uctural analysis and feasibility study <br />a cost not to exceed $8,400 and <br />uced appropriately if there are <br />ficient drawings of the building <br />ilable. <br />approval requested for <br />No. 809 redeclaring the <br />Corridor Development Area to <br />s. Kolata discussed Resolution Nos. <br />9 and 810 at the same time since they <br />th are related to tax increment and <br />rsonal property. <br />'s. Kolata explained that the current <br />solutions declaring the Studebaker <br />rridor Development Area and the Rum <br />llage Industrial Park as redevelopment <br />eas have provisions allowing <br />preciable personal property as part of <br />• tax increment. The last session of <br />• state legislature amended the law to <br />low commissions to set a percentage, up <br />25 %, of all personal property in the <br />ea, regardless of their useful life. <br />ese resolutions redeclare the areas to <br />blighted and amend the necessary <br />ovisions to allow us to take 25% of the <br />rsonal property taxes paid in those <br />?a.s for tax increment. <br />COMMISSION APPROVED THE PROPOSAL <br />FROM LEROY TROY AND ASSOCIATES <br />FOR A STRUCTURAL ANALYSIS AND <br />FEASIBILITY STUDY r� <br />an a motion by Mr. Donoho, seconded by COMMISSION APPROVED RESOLUTION <br />. Piasecki and unanimously carried, the NO. 809 REDECLARING THE <br />Tmission approved Resolution No. 809 STUDEBAKER CORRIDOR DEVELOPMENT <br />:eclaring the Studebaker Corridor AREA TO BE BLIGHTED <br />velopment Area to be blighted. <br />ission approval requested for <br />lution No. 810 redeclaring the Rum <br />Villacre Industrial Park to be bliahted <br />-12- <br />