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South Bend Redevelopment Commission <br />Regular Meeting —June 26, 2014 <br />6. NEW BUSINESS (CONT.) <br />H. Ratification of Temporary Use Agreement <br />Upon a motion by Mr. Downes, seconded by Mr. Inks and unanimously carried, the Commission <br />ratified the Temporary Use Agreement with Downtown South Bend for use of the Wayne Street <br />Parking Garage for a fireworks viewing on July 4, 2014. <br />7. PROGRESS REPORTS <br />Tax Abatement: Ms. Hahn reported that the Common Council approved a declaratory resolution for <br />a tax abatement for JJ White who is moving into a vacant building at 1904 N. Kenmore St. The <br />abatement is for a two -year real property abatement. They will make an investment of $85,000 to <br />renovate the building. Taxes to be abated over two years are estimated at $25,527. Taxes to be paid <br />over the same two years are estimated at $14,696. They will retain six office workers and forty -two <br />field reps being paid $25/hr for a payroll of $2,490,000. They will also create five office jobs and 2< <br />field rep jobs with a payroll of $1,560,000. The confirming resolution on this abatement will be <br />considered at the Council's July 14 meeting. <br />8. NEXT COMMISSION MEETING <br />The Next Regular Meeting of the Redevelopment Commission is scheduled for 9:30 a.m., July 10, <br />2014. <br />9. ADJOURNMENT <br />There being no further business to come before the Redevelopment Commission, the meeting was <br />adjourned at 10:00 a.m. <br />Scott C. Ford, Executive Director <br />10 <br />Marcia I. Jones, President <br />