Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting - September 18, 1992 <br />c. continued... <br />Ms. Auburn noted that the College <br />Football Hall of Fame is an economic <br />development project and not just an <br />entertainment project. It will generate <br />income and jobs. <br />Mr. Faccenda, speaking strictly as a <br />citizen of South Bend, stated that he <br />feels this project is one of the most <br />attractive things that has happened in <br />South Bend in twenty -five years. It will <br />be tremendous for downtown development. <br />South Bend is uniquely able to serve the <br />Hall of Fame. It would have been lost in <br />the cities which competed with South Bend <br />for it. People will think of South Bend <br />and think of the College Football Hall of <br />Fame. <br />Upon a motion by Mr. Donoho, seconded by <br />Mr. Piasecki and unanimously carried, the <br />Commission approved Resolution No. 1097 <br />establishing its intent to issue <br />Redevelopment District Tax Increment <br />Revenue Bonds and authorizing the <br />reimbursement of the Commission and the <br />City of South Bend for payments of <br />certain preliminary expenses incurred <br />prior to the issuance of such <br />Redevelopment District Tax Increment <br />Revenue Bonds out of the proceeds of the <br />bonds. <br />d. Commission approval requested for <br />Resolution No. 1098 authorizina the <br />issuance of Tax Increment Revenue Bonds <br />of the Redevelopment District of the City <br />of South Bend, Indiana, for the purpose <br />of raising money for Redevelopment <br />Purposes in the South Bend Central <br />Develooment Area, South Bend Allocation <br />Area No. 1A. <br />Upon a motion by Mr. Piasecki, seconded <br />by Mr. Faccenda and unanimously carried, <br />the Commission approved Resolution <br />No. 1098 authorizing the issuance of Tax <br />Increment Revenue Bonds of the <br />Redevelopment District of the City of <br />-5- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1097 ESTABLISHING ITS INTENT <br />TO ISSUE REDEVELOPMENT DISTRICT <br />TAX INCREMENT REVENUE BONDS AND <br />AUTHORIZING THE REIMBURSEMENT OF <br />THE COMMISSION AND THE CITY OF <br />SOUTH BEND FOR PAYMENTS OF <br />CERTAIN PRELIMINARY EXPENSES <br />INCURRED PRIOR TO THE ISSUANCE OF <br />SUCH REDEVELOPMENT DISTRICT TAX <br />INCREMENT REVENUE BONDS OUT OF <br />THE PROCEEDS OF THE BONDS <br />COMMISSION APPROVED RESOLUTION <br />NO. 1098 AUTHORIZING THE ISSUANCE <br />OF TAX INCREMENT REVENUE BONDS OF <br />THE REDEVELOPMENT DISTRICT OF THE <br />CITY OF SOUTH BEND, INDIANA, FOR <br />THE PURPOSE OF RAISING MONEY FOR <br />