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South Bend Redevelopment Commission <br /> Regular Meeting—June 28, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> H. Ratification of Services Contracts continued... <br /> 1510 S. Kendall Acquisition At Appraisal $350.00 Relos <br /> Appraisal <br /> Services <br /> 237 N. Michigan Disposition Meridian Title $150.00 Relos <br /> Title Corp. Search <br /> 1510 S. Kendall Acquisition Meridian Title $150.00 Relos <br /> Title Corp. Search <br /> 1327-1331 South Acquisition Michaels Appraisal $1,975.00 Sikora <br /> Michigan St. Appraisal <br /> Services <br /> 1327-1331 South Acquisition R.E. Pitts & Appraisal $2,250.00 Sikora <br /> Michigan St. Associates <br /> Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED THE RATIFICATION OF <br /> Mr. Varner and unanimously carried, the SERVICE CONTRACTS. <br /> Commission approved the ratification of <br /> service contracts. <br /> I. Other <br /> (1) Resolution No. 2905 determining that the <br /> Tax Increment which may be collected in <br /> the year 2012 is needed to satisfy <br /> obligations of the Commission and that no <br /> excess assessed value may be allocated to <br /> the respective taxing units and other <br /> related matters. <br /> Mr. Inks noted that by state law the <br /> Commission is required to provide notice to <br /> various governmental entities including the <br /> Auditor's Office and the Common Council as <br /> to whether there is any excess assessed value <br /> in any of its TIF areas. We are required to do <br /> that by July 15 of each year. The letter <br /> outlines no excess assessed value exists in <br /> any of the current TIF areas in South Bend <br /> 43 <br />