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South Bend Redevelopment Commission <br />Regular Meeting –March 6, 2009 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />B. Other <br /> <br />(1) continued… <br /> <br />reimbursement. Redevelopment will not be <br />taking title to the property. But we would be <br />solely reimbursing the city for its right-of- <br />way costs. <br /> <br />The Auten Connector is part of the planned <br />transportation improvements for Portage <br />Prairie, a planned $300,000,000 private <br />mixed use development. The South Bend <br />Common Council has appropriated Major <br />Moves funds for the acquisition of this <br />property and has approved a specific <br />acquisition by the Board of Public Works. <br />Staff recommends approving the <br />reimbursement of $300,000 to the City of <br />South Bend, plus up to $50,000 of <br />transaction costs. <br /> <br />Mr. Inks noted that there is one major <br />property owner. We are not ready to pursue <br />any additional acquisition at this time on the <br />Auten Connector, unless the property <br />becomes available on the open market. We <br />think there is need for further development of <br />Portage Prairie before we would go ahead <br />with the transportation plan. However, we <br />would try to work with that property owner <br />as much as possible as we get ready to put <br />the road through. We also realize there is an <br />historic property at the intersection of <br />Portage and Auten. We would expect to <br />avoid that property as we do the road project. <br /> <br />CRN.2570 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />AUTHORIZING THE USE OF CERTAIN TAX <br />Ms. King and unanimously carried, the <br />INCREMENT REVENUES FOR THE <br />Commission approved Resolution No. 2570 <br />SBM <br />REIMBURSEMENT OF THE OUTH END AJOR <br />authorizing the use of certain tax increment <br />MF.(ARC <br />OVES UND UTEN OAD ONNECTOR <br />revenues for the reimbursement of the South <br />P,51270MR) <br />ROJECT AYFLOWER D <br /> 13 <br /> <br />