10-25-12 Redevelopment Commission Minutes.docx

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South Bend Redevelopment Commission Regular Meeting—October 25, 2012 6. NEW BUSINESS (CONT.) A. Public Hearings (11) Consideration of Resolution No. 3087. Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved Resolution No. 3087, appropriating tax increment financing revenues from Allocation Area Fund for the payment of certain obligations and expenses related to the Douglas Road Economic Development Area Allocation Area No. 1. (12) Consideration of Resolution No. 3090. Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved Resolution No. 3090 appropriating and transferring monies for the purpose of funding certain projects for the fiscal year beginning January 1, 2013 and ending December 31, 2013. (2003 Airport Bond Debt Service Reserve) (13) Consideration of Resolution No. 3091. Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved Resolution No. 3091 appropriating and transferring monies for the purpose of funding certain projects for the fiscal year beginning January 1, 2013 and ending December 31, 2013. (Blackthorn Golf Course Bond Debt Service Reserve) (14) Consideration of Resolution No. 3092. Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved Resolution No. 3092 appropriating and transferring monies for the purpose of funding certain projects for the fiscal year beginning January 1, 2013 and ending December 31, 2013. (2003 Downtown Bond Debt Service Reserve) (15) Public Hearing on Resolution No. 3088 appropriating monies for the purpose of defraying the expenses of certain local public improvements for the fiscal year beginning January 1, 2013 and ending December 31, 2013, including all outstanding claims and obligations, fixing a time when the same shall take effect. (Fund 425, Redevelopment Retail Operations) Ms. Leonard noted that the Redevelopment Retail Operations are the Michigan Street Shops, the retail on the first floor of the Wayne Street parking garage and the Leighton Plaza. The total expenses for the year are anticipated to be $151,185. Mr. Inks noted that the public hearing file is complete, including: (1) A copy of the Resolution No. 3088 setting the public hearing; (2) a copy of the Notice of Hearing; (3) an affidavit from Kim Wilson, Publisher of the South Bend Tribune, that the Notice of Hearing was published in that newspaper on October 12, 2012; (4) and an affidavit from Jason Jolly, 22