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RM 12-04-92
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RM 12-04-92
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South Bend Redevelopment Commission <br />Regular Meeting - December 4, 1992 <br />6. NEW BUSINESS (Cont.) <br />h. continued... <br />Upon a motion by Mr. Donoho, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved Resolution No. 1118 <br />authorizing issuance of bonds on parity <br />with the City of South Bend Redevelopment <br />District Tax Increment Revenue Bonds of <br />1985, the City of South Bend <br />Redevelopment District Tax Increment <br />Revenue Bonds of 1986 and the City of <br />South Bend Redevelopment District Tax <br />Increment Revenue Bonds of 1988 for the <br />purpose of raising money for <br />redevelopment in the South Bend Central <br />Development Area. <br />i. Commission approval requested for <br />Resolution No. 1119 authorizing <br />reimbursement to the City of South Bend <br />for expenditures made within the South <br />Bend Central Development Area. <br />Mr. Hunt noted that from time to time the <br />Commission takes action to reimburse the <br />City for expenditures made in conjunction <br />with redevelopment activities within a <br />TIF area. Resolution No. 1119 reimburses <br />the City for the cost of Gerard Hilferty <br />and The Troyer Group related to <br />preliminary design work on the College <br />Football Hall of Fame. The total amount <br />to be reimbursed under Resolution <br />No. 1119 is $58,903.15. <br />Upon a motion by Mr. Donoho, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved Resolution No. 1119 <br />authorizing reimbursement to the City of <br />South Bend for expenditures made within <br />the South Bend Central Development Area. <br />7. PROGRESS REPORTS <br />Mr. Hunt noted that the Tribune expansion is <br />looking more impressive all the time. We <br />AM continue to add to the East Bank Walkway, the <br />latest of which is along Madison Center. The <br />-8- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1118 AUTHORIZING ISSUANCE OF <br />BONDS ON PARITY WITH THE CITY OF <br />SOUTH BEND REDEVELOPMENT DISTRICT <br />TAX INCREMENT REVENUE BONDS OF <br />1985, THE CITY OF SOUTH BEND <br />REDEVELOPMENT DISTRICT TAX <br />INCREMENT REVENUE BONDS OF 1986 <br />AND THE CITY OF SOUTH BEND <br />REDEVELOPMENT DISTRICT TAX <br />INCREMENT REVENUE BONDS OF 1988 <br />FOR THE PURPOSE OF REDEVELOPMENT <br />IN THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA <br />PROGRESS REPORTS <br />
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