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South Bend Redevelopment Commission <br />Special Meeting - January 22, 1999 <br />6. NEW BUSINESS (CONT.) <br />i. continued.... <br />Mrs. Kolata stated that Resolution No. <br />1667 would amend the Airport Economic <br />Development Area by expanding the <br />boundaries to include three expansion <br />areas. The three areas have been recently <br />annexed into the city and are contiguous to <br />the Airport Economic Development Area. <br />The Resolution also expands the Airport <br />Economic Development Area Tax <br />Increment Financing Allocation Area. In <br />addition, the Resolution sets a public <br />hearing for February 19, 1999, at 10:00 <br />am. <br />Owen Rock, Economic Development <br />Specialist, presented a map showing the <br />three expansion areas. Mr. Rock stated <br />that Expansion Area No. 6 consists of a <br />20 -acre lot and No. 7 consists of a 40 -acre <br />lot. There is 300,000 sf of <br />warehouse /distribution being developed on <br />these lots. Expansion Area No. 8 consists <br />of a 19 -acre lot. <br />j. Commission approval requested for <br />Resolution No. 1668 authorizing the <br />purchase of property in the South Bend <br />Central Development Area. <br />Mrs. Kolata stated that the Resolution <br />authorizes the purchase of three properties <br />at the intersection of Main and Jefferson <br />Streets. The Resolution lists the purchase <br />price and the names of the property <br />owners. The Resolution authorizes the <br />H: \WPDATA \C0MMSN\012299.M1N -9- <br />