RM 03-11-88 - Laserfiche WebLink

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South Bend development Commission Regular Mee ing - March 11, 1988 6. NEW BUSINESS (Cont.) b. Contlinued... Ms, Auburn asked that Ms. Baumgartner give a report on the efficiency of the new process when it has been in practice for awhile. Mrs. Kolata indicated that such a report would be given. Upon a motion by Mr. Piasecki, seconded by Mr. Donoho and unanimously carried, the ommission approved the revised guid lines for the Urban Homesteading Prod am. c. Commission approval requested for Resolution No. 834 expanding the boundaries of the South Bend Central DeveLopment Area, redeclaring the area as e ded to be blighted, expanding the all ation area for purposes of tax incr ntal financing, amending the Deve o ment Plan and rea proving the Development Plan as amended. Mrs. Kolata explained that the expanded boundary is desired in order to have the Cove eski Stadium entirely within the rede elopment area. It is also necessary to have all of the stadium within the redevelopment area before proceeding with the refinancing of the baseball stadium. The property being added is a part of the stadium which extends north of Monroe Street and the parking lot which is considered part of the stadium, totalling 1.9 cres. Mrs. Kolata noted that the Land Use Plan of the South Bend Central Development Area Development Plan has also been modified to tie it to the parking plan listed in the Michigan Street Corridor Plan and to include specific language for stadium use. If approved, this Resolution will go to the Zxea Plan Commission and the Common Council and come back to the Commission for a public hearing and confirming resolution. -4- COMMISSION APPROVED THE REVISED GUIDELINES FOR THE URBAN HOMESTEADING PROGRAM