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CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – November 14, 2024 <br /> <br />8 <br /> <br />expenditures, infrastructure and improvements, the redevelopment <br />general fund, professional expenses and other smaller categories. <br /> <br />Commissioner Relos asked if the projections were internal estimates <br />and Mr. Bauer stated that they were a 3% escalator on our current <br />2024 June distribution and then using the past five years distribution <br />ratio compared from June to December to extrapolate that out. <br /> <br />Matt Barrett asked how much money is available in each of the <br />districts. Caleb Bauer explained if you subtract the debt service <br />obligations from that pie chart, the rest of those funds when they are <br />received in June and December of 2025 are available. Also, not <br />knowing what the Commission is going to actually appropriate in any <br />given year, we are obliged to prepare this report, we are obliged to <br />categorize it in high level categories, and we've done that and we're <br />requesting the Commission's permission to amend the plan throughout <br />the year. <br /> <br />Upon a motion by Vivian Sallie for approval, second by David Relos, <br />the motion carried unanimously; the Commission approved Resolution <br />No. 3620 as presented on November 14, 2024. <br /> <br />4. Resolution No. 3610 (Commendation for Marcia Jones) <br /> <br />President Troy Warner thanked Marcia for her 40 plus years of <br />services on different types of economic and development <br />Commissions for the City of South Bend. The current Commission is <br />very grateful for her service. Commissioner Relos expressed that she <br />was fun and a great baker. Commissioner Sallie was delighted to work <br />with her on the Studebaker Commission. <br /> <br />Upon a motion by Vivian Sallie for approval, second by David Relos, <br />the motion carried unanimously; the Commission approved Resolution <br />No. 3610 as presented on November 14, 2024. <br /> <br />6. Progress Reports <br /> <br />A. Tax Abatement <br /> <br />Erik Glavich, Director of Growth and Opportunity, stated that on October <br />28, 2024, the Common Council approved confirming resolutions for two <br />real property tax abatements. The property at 321 W. Wayne Street <br />received a 10-year abatement, and the DoubleTree hotel received a 9- <br />year abatement. <br /> <br />B. Common Council