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South Bend Redevelopment Commission <br />Regular Meeting -June 18, 2010 <br />to which we have a pledge of the TIF <br />revenue obligated. If both those bonds can <br />be paid off, we will have the opportunity to <br />rescind the TIF allocation area, which would <br />put the increment back into the main South <br />Side Allocation Area. <br />Mr. Inks noted that the public hearing file is <br />complete, containing a copy of Resolution <br />No. 2679, a copy of the Notice of Hearing, <br />and affidavits from the Tri-County News and <br />South Bend Tribune that the Notice of <br />Hearing was published in those newspapers <br />on May 28, 2010. <br />Ms. Jones opened the public hearing for <br />anyone who wished to speak regarding <br />Resolution No. 2679. There was no one who <br />wished to speak. Ms. Jones closed the public <br />hearing for whatever action the Commission <br />wished to take. <br />Upon a motion by Ms. King, seconded by <br />Mr. Varner and unanimously carried, the <br />Commission approved Resolution No. 2679 <br />appropriating tax increment financing <br />revenues from Allocation Area No. 2 Fund <br />for the payment of Certain Obligations <br />related to the South Side Development Area <br />Allocation Area No. 2 and other related <br />matters. <br />E. Northeast Neighborhood Development Area <br />There was no business in the Northeast <br />Neighborhood Development Area. <br />F. Douglas Road Economic Development Area <br />(1) Public Hearing and consideration of <br />Resolution No. 2681 appropriating tax <br />PUBLIC HEARING ON RESOLUTION NO. 2679 <br />COMMISSION APPROVED RESOLUTION NO. 2679 <br />APPROPRIATING TAX INCREMENT FINANCING <br />REVENUES FROM ALLOCATION AREA NO.2 <br />FUND FOR THE PAYMENT OF CERTAIN <br />OBLIGATIONS RELATED TO THE SOUTH SIDE <br />DEVELOPMENT AREA ALLOCATION AREA NO.2 <br />AND OTHER RELATED MATTERS <br />18 <br />