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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -June 25, 2008 <br />6. NEW BUSINESS (CONT.) <br />J. Other <br />(3) continued... <br />2009 1S needed t0 Satlsfy ObllgatlOriS Of the NEEDED TO SATISFY OBLIGATIONS OF THE <br />COmmISSIOn and that n0 eXCOSS assessed COMMISSION AND THAT NO EXCESS ASSESSED <br />VALUE MAY BE ALLOCATED TO THE RESPECTIVE <br />Value may be allOCated t0 the respectlve TAXING UNITS AND OTHER RELATED MATTERS <br />taxing units and other related matters. Mr <br />Blake seconded the motion. The motion <br />carried on a vote of three to one with Dr. <br />Varner opposed <br />(4) Commission approval requested for <br />proposal for financial consulting services. <br />(TIF Neutralilzation Worksheets) <br />Mr. Inks noted that every year, with trending, <br />the assessed values changes based on the new <br />trending amounts. So, every year we need to <br />go through and figure out the new base <br />assessed value in the TIF areas. That's called <br />a neutralization calculation. We usually hire <br />Crowe Chizek and we recommend doing that <br />again this year. The contract is for anot-to- <br />exceed amount of $20,000. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Blake and unanimously carried, the <br />Commission approved the request for <br />proposal for financial consulting services and <br />accepted the proposal from Crowe Chizek for <br />the scope of services and fee proposed. (TIF <br />Neutralilzation Worksheets) <br />(5) Commission approval requested for <br />proposal for financial consulting services. <br />(TIF Replacement Worksheets) <br />Mr. Inks noted that the Replacement <br />Worksheets. There is a Replacement Tax <br />COMMISSION APPROVED THE REQUEST FOR <br />PROPOSAL FOR FINANCIAL CONSULTING <br />SERVICES AND ACCEPTED THE PROPOSAL FROM <br />CROWE CHIZEK FOR THE SCOPE OF SERVICES <br />AND FEE PROPOSED. (TIF NEUTRALILZATION <br />WORKSHEETS <br />48 <br />