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RM 07-16-99
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RM 07-16-99
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South Bend Redevelopment Commission <br />Regular Meeting - July 16, 1999 <br />6. NEW BUSINESS (CONT.) <br />g. continued... <br />regarding the South Bend Central <br />Allocation Area. (South Bend Central <br />Allocation Area No. 1A) <br />Mrs. Kolata stated that items 6.g., <br />6.h. and 6.i. all are related. Mrs. <br />Kolata stated that Resolution No. <br />1699 determines that the <br />Commission needs all of the Tax <br />Increment to satisfy obligations the <br />Commission has in the four Tax <br />Increment Financing areas. <br />Upon a motion by Ms. Schwartz, <br />seconded by Mr. Faccenda and <br />unanimously carried, the <br />Commission adopted Resolution <br />No. 1698 determining tax <br />increment needed to satisfy <br />obligations of the Commission <br />regarding the South Bend Central <br />Allocation Area. (South Bend <br />Central Allocation Area. No. 1 A) <br />h. Commission approval requested <br />for Resolution No. 1699 of the <br />South Bend Redevelopment <br />Commission determining tax <br />increment needed to satisfy <br />obligations of the Commission <br />regarding the Sample -Ewing <br />Allocation Area (South Bend <br />Allocation Area No. 8) <br />HAWPDATATOMMSM071699 Minutes.wpd -9- <br />COMMISSION ADOPTED RESOLUTION NO. 1698 <br />DETERMINING TAX INCREMENT NEEDED TO <br />SATISFY OBLIGATIONS OF THE COMMISSION <br />REGARDING THE SOUTH BEND CENTRAL <br />ALLOCATION AREA. (SOUTH BEND CENTRAL <br />ALLOCATION AREA. NO. 1 A) <br />
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