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South Bend Redevelopment Commission <br />Regular Meeting — Meetingdate <br />7. PROGRESS REPORTS <br />A. Tax Abatement <br />Mr. Inks noted that Commissioners were <br />provided with a copy of Resolution No. 3095. <br />At the last meeting it was noted that historically <br />all tax abatements in TIF areas had come to the <br />Redevelopment Commission for approval <br />before going to the County Council. <br />Resolution No. 3095 documents the action <br />taken at the last meeting where the <br />Commission voted to change the process for <br />tax abatements. Tax abatements will now go <br />directly to the Council and at the first <br />subsequent Redevelopment Commission <br />meeting will bring a summary of those tax <br />abatements back for the Commission. But it <br />removes the Commission from the approval <br />process on tax abatements, eliminating two <br />weeks from the processing time for abatements. <br />There is no action required. It was approved at <br />the last meeting but will be signed at this <br />meeting. <br />Mr. Varner asked what percentage of tax <br />abatements fall in TIF areas. Mr. Inks <br />responded that about 80 -90% do. <br />B. Common Council <br />No report. <br />C. Other <br />Mr. Relos noted that at the August 16, 2012, <br />Commission meeting approval was granted for <br />staff to register and bid on three properties in <br />the Ignition Park expansion area. The tax sale <br />was held this past Thursday, September 20, <br />2012. Mr. Relos reported that the three <br />properties were acquired at the minimum bid. <br />I '. <br />15 <br />