RM 11-20-92 - Laserfiche WebLink

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South Bend Redevelopment Commission egular Meeting - November 20, 1992 6. NEW BUSINESS (Cont.) a. continued... Notice was published on November 6; and 2) an Affidavit from the South Bend Tribune that the Legal Notice was published on November 6. There was no objection and the items were entered into the record. Mrs. Kolata explained that Resolution No. 1112 appropriates $18,200 from the SBCDA tax increment fund to pay project costs related to the Palais Royale Building. The $18,200 is from rent received for the property, but cannot be spent on utilities or other eligible expenses until it is appropriated. Ms. Auburn opened the Public Hearing. There was no one who wished to speak. Ms. Auburn closed the Public Hearing for whatever action the Commission desired to take. b. Commission approval requested for Resolution No. 1112. Upon a motion by Mr. Donoho, seconded by Mr. Piasecki and unanimously carried, the Commission approved Resolution No. 1112. c. Commission approval requested for Resolution No 1115 approving an application for real property tax deduction for property located at 502 S Fellows Street /423 E. South Street in the South Bend Central Development Area _(Monroe Park Associates). Mr. Beitzinger read the staff report on the project. Monroe Park Associates proposes to build a 57 -unit apartment complex in the Monroe Park area. Sixteen one - bedroom, 10 two- bedroom, and 31 three - bedroom units will be built on approximately two acres of land which was acquired and cleared by the Redevelopment Commission. All 57 apartments will be rented to low income people. The total -6- PUBLIC HEARING ON RESOLUTION NO. 1112, A SUPPLEMENTAL APPROPRIATION RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION COMMISSION APPROVED RESOLUTION NO. 1112