HomeMy WebLinkAboutNo. 0672 authorizing the commission to petition the Portage Township assessor for reassessment of property in the Central Downtown Urban Renewal Allocation Area No. 14
RESOLUTION NO. 672
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION AUTHORIZING THE COMMISSION TO PETITION
THE PORTAGE TOWNSHIP ASSESSOR FOR A REASSESSMENT
OF PROPERTY IN THE "CENTRAL DOWNTOWN URBAN RENEWAL
ALLOCATION AREA NO. 1"
WHEREAS, the South Bend Redevelopment Commission
(Commission) has passed Resolution Number 615 on the 6th day of
June, 1980, declaring a portion of the Central Downtown Urban
Renewal Area to be an allocation area for the purposes of
allocating and distributing certain property taxes on taxable real
property in the allocation area pursuant to I.C. 36- 7- 14- 39(b);
and
WHEREAS, the effective date of the allocation provision
of Resolution Number 615 was March 1, 1980; and
WHEREAS, pursuant to I.C. 36- 7- 14- 39(b)(2), when col-
lected, the allocated real property tax proceeds shall be paid in-
to a special fund that may be used by the redevelopment district
only to:
(a) pay the principal of and interest on any
obligations payable from allocated tax pro-
ceeds which are incurred by the redevelop-
ment district for the purpose of financing
or refinancing the redevelopment of the
allocation area; or
(b) reimburse the City of South Bend for
expenditures made by it for public improve-
ments in the allocation area, or for ren-
tals paid by it for a building or parking
facility in the allocation area under any
lease entered into under I.C. 36 -1 -10; and
WHEREAS, certain blighted conditions within the alloca-
tion area so declared have required public improvements for which
expenditures will be made or have been made by the City of South
Aw Bend, which public improvements are necessary for the
redevelopment of the allocation area.
NOW THEREFORE, BE IT RESOLVED by the South Bend Re-
development Commission, as follows:
SECTION 1. The public improvements listed on Schedule A,
attached hereto an made a part hereof, are necessary for the
redevelopment of the "Central Downtown Urban Renewal Allocation
Area."
SECTION 2. Expenditures made by the City of South Bend
for the pu Ic Improvements listed in Schedule A shall be reim-
bursed to the City of South Bend from real property taxes col-
lected and allocated to the redevelopment district for purposes
permitted under I.C. 37- 14- 39(a)(b)(B).
SECTION 3. The Commission shall petition the Portage
Township Assessor to reassess the taxable property situated upon
or in or added to the "Central Downtown Urban Renewal Allocation
4W Area," effective on the next assessment date after the petition.
Adopted at the Regular Meeting of the
velopment Commission held on February 11, 1983,
the Commission, 1200 County -City Building, 227
Boulevard, South Bend, Indiana 46601.
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CITY OF SOUTH BEND
South Bend Rede-
in the Office of
West Jefferson
REDEVELOPMENT COMMISSION
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RESOLUTION NO. 672
SCHEDULE A
CENTRAL DOWNTOWN URBAN RENEWAL ALLOCATION AREA NO. 1
1. River Bend Plaza Enhancement
a. Enclosure
b. Skybridges
2. Parking Garages
3. Pedestrian Paths /Bikeways
4. Acquisition and Relocation
5. Landscaping /Park Improvements
6. Lighting