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South Bend Redevelopment Commission <br />Regular Meeting — Thursday, July 11, 2013 <br />C <br />C. <br />IL <br />6. NEW BUSINESS <br />G. Other <br />(1) continued... <br />Ms. Leonard also noted that staff is not requesting any increment for South Side Allocation <br />Area #3. They are working with the Trustee to set aside sufficient funds to pay off the <br />outstanding bond at the earliest available time. Additional funding will not have to be <br />received to accomplish this task and it will be closed as soon as such closure is allowed. Any <br />funds remaining in the South Side #3 (Fund 432) will be transferred to South Side #1 (Fund <br />430) for projects in that area. <br />Upon a motion by Mr. Downes, seconded by Mr. Inks and unanimously carried, the <br />Commission approved Resolution No. 3148 determining that the tax increment which may <br />be collected in the year 2014 is needed to satisfy obligations of the Commission and that no <br />excess assessed value may be allocated to the respective taxing units and other related <br />matters. <br />H. Ratification of Services Contracts <br />Upon a motion by Mr. Downes, seconded by Mr. Inks and unanimously carried, the Commission <br />ratified the Services Contracts approved by staff since the June 27, 2013 meeting. <br />7. PROGRESS REPORTS <br />There were no Progress Reports <br />8. NEXT COMMISSION MEETING <br />The Next Regular Meeting of the Redevelopment Commission is scheduled for Thursday, July 25, <br />2013, at 9:30a.m. <br />Commission <br />Role in <br />Service <br />Contract <br />Staff <br />Transaction <br />Contractor <br />Provided <br />Amount <br />Member <br />1504 S. Kemble <br />Acquisition <br />Meridian Title <br />Title Work <br />$50 <br />Relos <br />1505 Kendall <br />Acquisition <br />Meridian Title <br />Title Work <br />$150 <br />Relos <br />Barany Sheet <br />Acquisition <br />Meridian Title <br />Title Work <br />$150 <br />Relos <br />Metal <br />725 W. Indiana <br />Upon a motion by Mr. Downes, seconded by Mr. Inks and unanimously carried, the Commission <br />ratified the Services Contracts approved by staff since the June 27, 2013 meeting. <br />7. PROGRESS REPORTS <br />There were no Progress Reports <br />8. NEXT COMMISSION MEETING <br />The Next Regular Meeting of the Redevelopment Commission is scheduled for Thursday, July 25, <br />2013, at 9:30a.m. <br />