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REGULAR MEETING April 25, 2022 <br />Tim Corcoran responds the investment that the city has made in Eddy St. Commons and the TIF <br />that is collected goes to pay back the bond that was issued for the parking garage. The development <br />does pay for the bond. <br />Councilmember Davis responds, the money stays there in the area. The money that was initially <br />invested was in 2008. After the bond is paid for based up when the sunset clause is; it continues <br />to stay there. We on the West Side or on the South Side or North Side do not get to share in the <br />development dollar that has happened over there on the east side. I'm not saying it's wrong or it's <br />right. I'm just explaining the TIF district. <br />Tim Corcoran responds, the River West TIF does cover much of the west side downtown. Every <br />new development in downtown contributes to the River West TIF. <br />President McBride opens the discussion up to the public wishing to speak in favor of resolution <br />Bill No. 22-19. <br />Clerk Jones states no one is wishing to speak in favor of Bill No. 222219. <br />President McBride calls for those in the virtual public wishing to speak in opposition of Resolution <br />Bill No. 22-19. <br />Clerk Jones states, no one in the virtual public is wishing to speak in opposition Resolution Bill <br />No. 22-19. <br />President McBride states public portion is closed. Calls for final comments from council. <br />Entertains the motion for Bill No. 22-19. <br />Councilmember Tomas -Morgan made a motion for passage for Bill No. 222219. <br />Councilmember Davis seconded the motion. <br />Clerk Jones roll calls with eight (8) ayes. <br />President McBride states Bill No. 222219 has been adopted. <br />BILLS ON FIRST READING <br />BILL NO. <br />15-22 FIRST READING ON AN ORDINANCE OF THE <br />COMMON COUNCIL OF THE CITY OF THE <br />SOUTH BEND, INDIANA, TO VACATE THE <br />FOLLOWING DESCRIBED PROPERTY ALLEY <br />BETWEEN LOTS FOUR AND FIVE OF <br />FUERBRINGER'S FIRST EDITION <br />McBride responds to entertain a motion to send Bill No. 151522 to the Public Works and Property <br />Vacation with public hearing and third reading on May 9t'. <br />Councilmember White, Motions. <br />Councilmember Lee, Seconded. <br />McBride responds with no opposition; motion carried. <br />19-22 FIRST READING ON AN ORDINANCE OF THE <br />COMMON COUNCIL OF THE CITY OF THE <br />SOUTH BEND, INDIANA, AMENDING THE <br />ZONING ORDINANCE FOR PROPERTY <br />LOCATED AT THE NORTHWEST CORNER OF <br />CORBY BLVD. AND HICKORY RD, <br />COUNCILMANIC DISTRICT 44 IN THE CITY <br />OF SOUTH BEND, IN. <br />13 <br />