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07-26-11 Packet
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South Bend Redevelopment Commission <br />Regular Meeting —July 12, 2011 <br />6. NEW BUSINESS (CONT.) <br />F. West Washington- Chapin Development Area <br />(2) continued... <br />Staff requests approval of this Professional <br />Services Agreement with Wightman Petrie, <br />in a not -to- exceed amount of $2,300,. <br />Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED THE PROPOSAL FOR <br />Ms. King and unanimously carried, the PROFESSIONAL SERVICES FROM WIGHTMAN <br />Commission approved the proposal for PETRIE IN THE NOT -TO- EXCEED AMOUNT OF <br />professional services from Wightman Petrie $2,3001N THE NOT -TO- EXCEED AMOUNT OF <br />$2,300. <br />in the not -to- exceed amount of $2,300. <br />G. South Side Development Area <br />(1) Resolution No. 2921 determining that the <br />tax increment for Erskine Village to be <br />collected in the year 2012 may be allocated <br />to the respective taxing units and other <br />related matters. <br />Mr. Inks noted that at the last meeting the <br />Commission took action related to all the <br />other existing TIF areas and noted that there <br />was no excess assessed value in them, but we <br />reserved Erskine Village for action at this <br />meeting after completing our review. We've <br />done that and the recommendation is to <br />release the full increment of assessed value <br />for one year for taxes to be paid in 2012. <br />These taxes would be released to the other <br />taxing jurisdictions which would collect them <br />if the TIF were not in place. <br />This TIF was originally established to <br />facilitate the demolition and reuse of the <br />former Scottsdale Mall site. All of the <br />improvements planned for this TIF area have <br />been completed. The only remaining <br />28 <br />
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