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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 25 <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 /> ► . <br /> Scot C. Ford, Executive Director Marcia I. Jones,Or sident <br /> 10 <br />