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South Bend Redevelopment Commission <br /> Regular Meeting—June 28, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> I. Other <br /> (1) continued... <br /> with two exceptions. Last year the list <br /> included Erskine Commons. The city has <br /> since put that TIF back on the tax rolls so it <br /> no longer exists. The list this year also does <br /> not include Erskine Village, the old <br /> Scottsdale Mall site. We are continuing to <br /> review financial information to determine <br /> whether there might be excess assessed <br /> value. That will be answered at the next <br /> meeting. The form of letter attached to the <br /> resolution lists TIF areas that still have <br /> multiple project needs to be done over a <br /> period of time because the resources aren't <br /> there to do them all at once. We do not <br /> believe those TIF areas have excess assessed <br /> values that can be released at this time. If <br /> Resolution No. 2905 is approved, staff will <br /> then send a notice to the various <br /> governmental entities and let them know <br /> there is no excess assessed value in these TIF <br /> areas. <br /> Upon a motion by Mr. Arnold, seconded by COMMISSION APPROVED RESOLUTION No.2905 <br /> Mr. Downes and unanimously carried, the DETERMINING THAT THE TAX INCREMENT <br /> Commission approved Resolution No. 2905 WHICH MAY BE COLLECTED IN THE YEAR 2012 IS <br /> NEEDED TO SATISFY OBLIGATIONS OF THE <br /> determining that the Tax Increment which COMMISSION AND THAT NO EXCESS ASSESSED <br /> may be collected in the year 2012 is needed VALUE MAY BE ALLOCATED TO THE RESPECTIVE <br /> to satisfy obligations of the Commission and TAXING UNITS AND OTHER RELATED MATTERS. <br /> that no excess assessed value may be <br /> allocated to the respective taxing units and <br /> other related matters. <br /> (2) Certificate regarding Annual Financial <br /> Information Disclosure <br /> Mr. Inks noted that this is a certificate <br /> 44 <br />