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South Bend Redevelopment Commission <br />Regular Meeting — December 19. 2008 <br />6. NEW BUSINESS (CONT.) <br />H. Other <br />(3) continued... <br />appraisals, title work, demolition, <br />engineering, and environmental assessment, <br />ratifying them at a subsequent Commission <br />meeting. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Varner and unanimously carried, the <br />Conunission approved Resolution No. 2528 <br />setting Procedures for Contracts for Property <br />Related Services. <br />(4) Resolution No. 2532 setting a public <br />hearing on the appropriation of tax <br />increment financing revenues from <br />various allocation areas for the payment of <br />certain obligations and expenses related to <br />their respective allocation areas and other <br />related matters. <br />Mr. Inks noted that Resolution No. 2532 sets <br />a public hearing for 10:00 a.m., January 16, <br />2009 on the appropriation of tax increment <br />financing revenues from each of the TIF <br />allocation areas. This action must be taken <br />each year for each of the TIF areas where the <br />Commission expects to spend money. Mr. <br />Inks noted that the amounts to be allocated <br />are estimated at a high level. After the public <br />hearings are advertised, the appropriation <br />may not exceed the advertised amount. <br />Mr. Varner asked how these numbers <br />coordinate with the annual notice to the <br />Auditor that there are no excess TIF funds. <br />Mr. Inks responded that in the middle of each <br />calendar year when we give that notification <br />29 <br />COMMISSION ,APPROVED RESOLUTION No. 2528 <br />SEIZING PRO( EDCRES FOR CONTRACTS FOR <br />PROPERTY RELATED SERVICES <br />