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RM 07-01-94
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RM 07-01-94
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South Bend Redevelopment Commission <br />Regular Meeting - July 1, 1994 <br />6. NEW BUSINESS (Cont.) <br />k. continued... <br />1 ( "Allocation Area No. 1 from the <br />Airport Economic Development Area <br />Allocation Area No. 1 Special Fund ( "The <br />Allocation Fund "). <br />Mrs. Kolata noted that Resolution No. 1271 <br />sets a public hearing on July 15, 1994 at <br />10:00 a.m. regarding the appropriation of <br />$134,856.96 for local public improvements in <br />the Airport Economic Development Area. <br />These are the land sales proceeds we expect <br />to have by July 15. <br />Upon a motion by Mr. Donoho, seconded by <br />to Mr. Faccenda and unanimously carried, the <br />Commission approved Resolution No. 1271 <br />determining to pay certain expenses incurred <br />for local public improvements in or serving <br />the Airport Economic Development <br />Allocation Area No. 1 ( "Allocation Area No. <br />1 ") from the Airport Economic Development <br />Area Allocation Area No. 1 Special Fund <br />( "The Allocation Fund ") <br />1. Commission approval requested for <br />Resolution No. 1273 determining tax <br />increment needed to satisfy obligations of the <br />Commission regarding the South Bend <br />Central Allocation Area (South Bend Central <br />Allocation Area No. 1A). <br />Mrs. Kolata explained that items 61, 6.m., <br />6.n., and 6.0. are similar resolutions. The <br />Commission is obligated to notify the County <br />Auditor whether or not it needs to use the tax <br />increment from each TIF district in the <br />10 <br />COMMISSION APPROVED RESOLUTION <br />NO. 1271 DETERMINING TO PAY CERTAIN <br />EXPENSES INCURRED FOR LOCAL PUBLIC <br />IMPROVEMENTS IN OR SERVING THE <br />AIRPORT ECONOMIC DEVELOPMENT <br />ALLOCATION AREA NO. 1 ( "ALLOCATION <br />AREA NO. 1 ") FROM THE AIRPORT <br />ECONOMIC DEVELOPMENT AREA <br />ALLOCATION AREA NO. 1 SPECIAL FUND <br />( "THE ALLOCATION FUND ") <br />
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