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RM 05-21-93
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RM 05-21-93
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South Bend Redevelopment Commission <br />Regular Meeting - May 21, 1993 <br />a. continued... <br />in the normal market place. The <br />Redevelopment Commission could not declare <br />this a redevelopment area if they did not find <br />it to be blighted. They could not use tax <br />increment financing —tax increment financing <br />is tied to the finding of blight in the area. I <br />know there is some negative connotation to <br />the word blight. That does not mean that <br />every stricture in the area is blighted or that <br />every block in the area is blighted, but as a <br />whole, the area has certain conditions that are <br />present that keep it from operating as a <br />normal, 100% healthy economic area would <br />function. That is not something that is at the <br />liberty of the Redevelopment Commission to <br />not do. They could "not do it" but they <br />could, then, not do it as a redevelopment <br />area. <br />MRS. BLACKETOR: I understood, <br />according to Indiana Code, that you could use <br />other descriptive words: "revitalization" <br />rather than "blight." <br />MR. HUNT: Who said we could use other <br />descriptive terms? <br />MRS. BLACKETOR: I was reading in 36- <br />12- ..Indiana Code. <br />MS. MANIER: That's the wrong section of <br />Indiana Code. The Redevelopment <br />Commission operates under 36 -7 -14. As Ann <br />said, in order for the Commission to operate <br />in an area and to make tax increment <br />available for activities in an area, the area has <br />-28- <br />
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