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South Bend Redevelopment Commission <br />Regular Meeting - November 17, 1995 <br />6. NEW BUSEWSS (Cont.) <br />o. continued... <br />Economic Development Area Allocation <br />Area No. 1 ( "Allocation Area No. 1 ") <br />from the Airport Economic Development <br />Area Allocation Area No. 1 Special Fund <br />(The "Allocation Fund ") <br />Mrs. Kolata explained that Resolution <br />No. 1387 states the Commission's intent to <br />appropriate $450,000 of tax increment funds <br />for local public improvements in the Airport <br />Economic Development Area and sets a <br />public hearing on the appropriation for <br />December 1, 1995 at 10:00 a.m. <br />Upon a motion by Mr. Hunt, seconded by <br />® <br />Mr. Hojnacki and unanimously carried, the <br />Commission approved Resolution No. 1387 <br />determining to pay certain expenses incurred <br />for local public improvements in or serving <br />the Airport Economic Development Area <br />Allocation Area No. 1 ( "Allocation Area <br />No. 1 ") from the Airport Economic <br />Development Area Allocation Area No. 1 <br />Special Fund (The "Allocation Fund ") <br />p. Commission approval requested for <br />Resolution No. 1394 accepting the transfer <br />of real property from the City of South <br />Bend, Indiana. <br />Mrs. Kolata explained that these three lots in <br />the Southeast Neighborhood in the Sample - <br />Ewing Development now have clear titles <br />and are ready to be transferred to the <br />Commission for its use. <br />-16- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1387 DETERMINING TO PAY CERTAIN <br />EXPENSES INCURRED FOR LOCAL PUBLIC <br />IMPROVEMENTS IN OR SERVING THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA <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 />