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CITY OF SOUTH BEND ' OFFICE OF THE CLERK <br /> Committeemember Williams-Preston asked, How much did we commit in TIF? <br /> Mr. Mueller replied, On phase one (1), $200,000. <br /> Councilmember Dr. Varner asked, So just for clarification, the parking garage would have <br /> belonged to the development? <br /> Mr. Perri replied, Yes. <br /> Councilmember Dr. Varner followed up, Dan, when you presented these in the past you used to <br /> put in the payback period for the TIF funds and the tax abatements. I think that would be helpful. <br /> Committeemember Davis made a motion to send Bill No. 18-19 to the full Council with a favorable <br /> recommendation. Committeemember Williams-Preston seconded the motion which carried by a <br /> voice vote of four(4) ayes. <br /> With no further business, Committee Chair Ferlic adjourned the Community Investment <br /> Committee meeting at 4:29 p.m. <br /> Respectfully Submitted, <br /> Gavin Ferlic, Chairperson <br /> EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT <br /> 455 County-City Building j 227W Jefferson Bvld I South Bend,Indiana 46601 I p 574.235.9221 If 574.235.9173 1TFD 574.235.5567 www.southbendin.gov <br /> 7 <br />