RM 06-27-90 - Laserfiche WebLink

Home Browse Search

South Bend ledevelopment Commission Rescheduledl Regular Meeting - June 27, 1990 6. NEW BUSMESS (Cont.) f. cofitinued... a Up)n a motion by Mr. Donoho, seconded by Mr. Piasecki and unanimously carried, the Commission accepted the counter offer of $20,500 for parcels W58 -37 and LTp)n a motion by Mr. Combs, seconded by Mr Doncho and unanimously carried, the Ccinmission accepted the counter offer of $8,000 for parcel W37 -12. LTp)n a motion by Mr. Donoho, seconded by Mr. Combs and unanimously carried, the Camission accepted the counter offer of $5,500 for parcel W58 -26. Mrs. Kolata noted that items 6.g., 6.h., 6.1., 6j., and 6.k. are similar. They are resolutions for each of our tax allocation areas for tax increment fiioncing. They authorize notifying the co mty auditor that we do not have any eximss tax increment. The increment is n ed for redevelopment activities, ei er through bond obligations, other ob i_gations, or anticipated projects. We are required to notify the auditor by J y 15 of each year if tax increment wi 1 be available for other budgets. Upon a motion by Mr. Donoho, seconded by Mr. Combs and unanimously carried, the Ccxmission approved Resolution No. 939 determining tax increment needed to satisfy obligations of the Commission r the West Washington - Chapin Al ovation Area (West Washington - Chapin No. 1A). -25- COMMISSION ACCEPTED THE COUNTER OFFER OF $20,500 FOR PARCELS W58 -37 AND W58 -38 CESSION ACCEPTED THE COUNTER OFFER OF $5,500 FOR PARCEL W58 -26 COMMISSION APPROVED RESOLUTION NO. 939 DETERMINING TAX INCREMENT NEEDED TO SATISFY OBLIGATIONS OF THE COMMISSION REGARDING THE WEST VSHINGTON- MAPIN ALLOCATION AREA (WEST W?0=GT0N- CHAPIN ALLOCATION AREA NO. 1A)