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South Bend Redevelopment Commission <br />Regular Meeting –February 20, 2009 <br /> <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />H. Ratification of Service Contract <br /> <br />As authorized by the Commission, Mr. Inks <br />approved a proposal from Meridian Title for title <br />searches on nineteen properties in the <br />Main/Western project block at a cost of $1900. <br /> <br />CSC <br />Upon a motion by Ms. King, seconded by Mr. <br />OMMISSION RATIFIED THE ERVICE ONTRACT <br />F6,2009 <br />APPROVED BY STAFF SINCE EBRUARY <br />Alford and unanimously carried, the Commission <br />ratified the Service Contract approved by staff <br />since February 6, 2009. <br /> <br /> <br />I. Ratification of Temporary Use Agreement <br /> <br />As authorized by the Commission Mr. Inks <br />approved use of 1533 S. Lafayette by R D-N-P <br />between February 1 and February 28, 2009 to do <br />soil borings. <br /> <br />CT <br />Upon a motion by Ms. King, seconded by Mr. <br />THE OMMISSION RATIFIED THE EMPORARY <br />UA <br />SE GREEMENT APPROVED BY STAFF SINCE <br />Alford and unanimously carried, the Commission <br />F6,2009 <br />EBRUARY <br />ratified the Temporary Use Agreement approved <br />by staff since February 6, 2009. <br /> <br /> <br />7. PROGRESS REPORTS <br /> <br />PR <br />Mr. Inks distributed a comprehensive summary of TIF <br />ROGRESS EPORTS <br />finances that he prepared for the Common Council in <br />response to its questions. The summary contains <br />frequently asked questions and answers, maps of the TIF <br />areas, dates the TIF areas were established and are due <br />to end, the size of the areas, total assessed value in each <br />area, pay ’08 revenues expected in each area, cash <br />available at the end of 2008 and 2008 expenditures, a <br />five-year revenue and expense history for each area, a <br />listing of outstanding debt and the three-year plans for <br />each area. <br /> <br /> <br /> <br /> 8 <br /> <br />