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respective taxing units in the manner prescribed in Section 39 of the Act because the Commission hereby finds that the amount by which the assessed value of the taxable property in the Allocation Area for the most recent assessment date minus the base assessed value, when multiplied by the estimated tax rate of the allocation area, will exceed the amount of assessed value needed to produce the property taxes necessary to make, when due, principal and interest payments on bonds, plus the amount necessary for other purposes described in Section 39. In making this determination, the Commission has considered the effect that such determination will have on the property tax rate in the Redevelopment District. 2. This determination for 2015 shall not be construed to affect any future determination of the Commission with respect to the capture of assessed value of the taxable property in the Allocation Area in the years following 2015. 3. The President or Vice President of the Commission is hereby authorized and directed to immediately notify or cause to be notified the South Bend Common Council of its determinations made herein; and thereafter to provide notice to the St. Joseph County Auditor, the Common Council, and the officers who are authorized to fix budgets, tax rates, and tax levies under Indiana Code 6- 1.1 -17 -5 for each taxing unit located wholly or partly within the respective Allocation Areas of the determinations made by the Common Council, through the use of a letter in such form as may be recommended by legal counsel, such approval to be conclusively evidenced by the execution of said letter.