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South Bend Redevelopment Commission <br />Regular Meeting —April 24, 2012 <br />7. PROGRESS REPORTS <br />A. Tax Abatement <br />Mr. Inks noted that Mr. Davis' Community <br />and Economic Development Committee of <br />the Common Council communicated to the <br />Redevelopment Commission that they will, <br />as the local tax abatement requires, review <br />the tax abatement ordinance this year. <br />B. Other <br />Mr. Inks noted that he is making a <br />presentation to the Common Council on TIF <br />at 4:30, April 25, 2012. Commissioners have <br />been invited, so we have posted notice for a <br />special meeting of the Commission in case <br />there are three Commissioners who attend <br />that presentation. It is a public meeting, so <br />anyone is welcome to attend. <br />Mr. Inks also noted that the Commission <br />previously approved an agreement with the <br />LPGA. There have been some changes made <br />to it, and it is still under legal review. The <br />most significant change is that the amount of <br />insurance the city is being required to obtain <br />is $3 million instead of $2 million. Since the <br />City is self insured, the additional cost should <br />not be much. Ms. Beachkofsky authorized <br />the Commission to approve the revised <br />agreement, subject to legal review. <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved the LPGA Agreement <br />subject to legal review. <br />27 <br />COMMISSION APPROVED THE LPGA <br />AGREEMENT SUBJECT TO LEGAL REVIEW. <br />