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South Bend Redevelopment Commission <br />Regular Meeting - January 11, 1991 <br />6. NEW BUSINESS <br />b. continued... <br />C. <br />reqL =ement that the money be in the fund <br />by 0 my 1st to requiring that the money <br />be identified and anticipated to be in <br />the fund by July 1st. <br />Mr. <br />the <br />is <br />Mr. <br />liasecki asked how we can be sure <br />! will be enough tax increment to pay <br />lebt service. Mrs. Kolata responded <br />the date for establishing base <br />�sed value for the Airport Economic <br />opment Area is March 1, 1989. There <br />ready tax increment as of March 1, <br />due to some new construction in the <br />and to decreasing tax abatement for <br />.ous development. The bonds have <br />structured based on present tax <br />meet in the area. <br />a motion by Mr. Combs, seconded by <br />ionoho and unanimously carried, the <br />.ssion approved Resolution No. 972 <br />ling Resolution No. 967 in connection <br />the Lease dated as of August 1, 1990 <br />en the South Bend Redevelopment <br />.ssion and the South Bend <br />,elopment Authority relating to the <br />in Economic Development Area Public <br />vvement Project (Taxable <br />vements) and other related matters. <br />Upon a motion by Mr. Carobs, seconded by <br />Mr. Donoho and unanimously carried, the <br />Coamission approved Resolution No. 973 <br />amrding Resolution No. 968 in connection <br />wi the Lease dated as of August 1, 1990 <br />be en the South Bend Redevelopment <br />-4- <br />COMMISSION APPROVED RESOLUTION <br />NO. 972 AMENDING RESOLUTION <br />NO. 967 IN CONNECTION WITH 'THE <br />LEASE DATED AS OF AUGUST 1, 1990 <br />BETWEEN THE SOUTH BEND <br />REDEVELOPMENT COMMISSION AND THE <br />SOUTH BEND REDEVELOPMENT <br />AUTHORITY RELATING TO THE AIRPORT <br />ECONOMIC DEVELOPMENT AREA PUBLSC <br />IMPROVEMENT PROJECT (TAXABLE <br />Il PROVRENTS) AND OTHER RELATED <br />MATTERS <br />COMMISSION APPROVED RESOLUTION <br />NO. 973 AMENDING RESOLUTION <br />NO. 968 IN CONNECTION WITH THE <br />LEASE DATED AS OF AUGUST 1, 1990 <br />BETWEEN THE SOUTH BEND <br />REDEVELOP COMMISSION AND THE <br />