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South Bend Redevelopment Commission <br />Regular Meeting - June 19, 1998 <br />6. NEW BUSINESS (CONT.) <br />a. continued.... <br />$7,130.29 for each home. Taxes still paid <br />with the abatement over the five -year <br />period will be approximately $2,079.67 for <br />each home. <br />Upon a motion by Ms. Schwartz, seonded <br />by Mr. Faccenda and unanimously carried, <br />the Commission adopted Resolution <br />No. 1610 approving an application for real <br />property tax deduction for property located <br />in the Sample -Ewing Development Area. <br />(G & M Properties) <br />b. Commission approval requested for <br />Resolution No. 1611 determining to pay <br />certain expenses incurred for local <br />public improvements in or serving the <br />South Bend Central Allocation Area <br />(South Bend Allocation Area No. 1A) <br />from the South Bend Central Allocation <br />Area (South Bend Allocation Area <br />No. 1A) Special Fund. <br />Mrs. Kolata stated that this resolution <br />states the Redevelopment Commission's <br />intent to appropriate $3,000,000. <br />$2,500,000.00 is related to tax increment <br />that would be received by the <br />Redevelopment Commission in late June <br />1998, and $500,000 is from the Build <br />Indiana Fund to redeem bonds on the Hall <br />of Fame project. <br />H: \WPDATA \COMMSN\061998.MIN -6- <br />COMMISSION ADOPTED RESOLUTION NO. 1610 <br />APPROVING AN APPLICATION FOR REAL <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />LOCATED IN THE SAMPLE -EWING DEVELOPMENT <br />AREA. (G & M PROPERTIES) <br />