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South Bend Redevelopment Cmimission <br />Regular M ting - July 14, 1989 <br />21 <br />ifIw <br />(Cont.) <br />eKolata noted that the Carrnnission is <br />xed by law to give notice to the <br />.y Auditor by July 15th of each year <br />have excess property tax increment <br />will not be used in any of the <br />ration areas. She had prepared a <br />x from the Commission to the Auditor <br />references Resolution No. 851 <br />pizing that to take any increment <br />the South Bend Central Development <br />would be a threat to the bond <br />xs and also stating that there are <br />cess property tax proceeds in the <br />other allocation areas. <br />LTp)n a motion by Mr. Ccubs, seconded by <br />Mr. Piasecki and unanimously carried, the <br />Carmission determined them were no <br />ex property tax proceeds in the South <br />Bend Central Developmment Area (South Bend <br />t ion Area 1A), the Rum Village <br />ial Park (South Bend Allocation <br />. 4), the Studebaker Corridor <br />ment Area (South Bend Allocation <br />. 6) and the West <br />W n- Chapin Development Area (South <br />Be id Allocation Area No. 7) and <br />au.horized the letter stating such to be <br />se it to the County Auditor. <br />orm <br />COMMISSION N• EXCESS <br />(SOUTH PROPERTY TAX PROCEEDS IN THE <br />SOCTIH BEND CENTRAL DEVELOPMENT <br />AREA BEND AI10 • <br />1A), THE PUM VILLAGE INDUSTRIAL <br />A RK (SOUTH BEND ALLOCATION <br />NO. 4), THE STUDEBAKER CORRIDOR <br />DEVE10RV1ENT AREA (SOUTH <br />ALLOCATION AREA NO. THE <br />WEST WOHINGION-01APIN <br />•• MU AREA (SOUTH BEND <br />ALLOr=ON AREA NO. <br />ALnHORIZED THE IEITER <br />• BE SENT TO THE COUNTY <br />AUDITOR <br />