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South Bend Redevelopment Commission <br /> Regular Meeting—September 13, 2012 <br /> 6. NEW BUSINESS (CONT.) <br /> F. South Side Development Area <br /> (1) continued... <br /> Mr. Schalliol noted that Alternative A would <br /> result in a potential loss of tax revenue of <br /> $33,000. With Alternative C1 and C2 the <br /> lost tax revenue is estimated at $75,000, <br /> because the properties to be acquired would <br /> be businesses, which pay higher taxes. <br /> Mr. Downes asked what the next steps were <br /> and what the timeline is. Mr. Schalliol <br /> responded that once a decision is made, <br /> which path is taken, staff will begin the <br /> process of having properties appraised, <br /> putting together relocation packages, <br /> finalizing development plans and beginning <br /> acquisition. The state is well under its way <br /> with its construction project, with completion <br /> expected late fall of 2013. <br /> Mr. Downes asked if at the next Commission <br /> meeting that staff could furnish results of the <br /> survey, and whether this item can be on the <br /> agenda for final action. Mr. Inks stated that <br /> that would be the goal. <br /> Mr. Schalliol noted the correspondence <br /> regarding this project and asked that the <br /> Communications be made part of the record: <br /> 9/12/12 <br /> Dear sir, <br /> It is my understanding that the best options <br /> concerning the Fellows St. Project will be <br /> presented tomorrow. I have been told, <br /> whether true or not, that it will be option A <br /> 29 <br />