06-23-08 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETING JUNE 23, 2008 Portage Prairie is a great project, he loves growth and sees the vision, but not using the dollars within this TIF district. He stated that he wants Portage Prairie to expand on its own and support itself. If it is truly a great project, it will with stand the test of time and support itself, the proof is in the pudding. Councilmember Varner asked if the project could be in its own TIF District. Mayor Luecke stated that yes it can. On an annual basis, dollars that are generated that are not needed or planned for can be released back to the other units as well. There is two ways of doing it, 1) would be to dissolve the district 2) the other would be to say that they received x number of dollars this year and don’t need them for the purposes of the TIF District, so they release those dollars. The ability to release assessed value or revenue generated on an annual basis. Councilmember Puzzello questioned who makes that decision. Mayor Luecke stated that the Redevelopment Commission would make that decision. Councilmember Kirsits questioned who would get those released revenues. Mayor Luecke stated that it would go to all of the taxing units, county, city, schools, etc. It would be used to reduce their property tax levy the next year. Councilmember Dieter stated that if Portage Prairie was to be included in this TIF area, there could be a stipulation that LaSalle Square gets x number of dollars as well as the Studebaker Corridor. Mayor Luecke stated absolutely. Kathleen Cekanski-Farrand read into the record that the bill be amended to read as follows: 2. Any Commission determination of the Resolution that the Airport Area is amended and expanded pursuant to the Act is hereby approved and shall be limited to not greater than a thirty (30) year period. NEW 3. First priority of the Airport Economic Development Area shall remain the LaSalle Square project for not less than $2.5 million and the Studebaker Corridor project which includes the nanotechnology MIND project. Former "3" is re-numbered 4. Councilmember Dieter made a motion to amend this Resolution. Councilmember Puzzello seconded the motion, which carried by a voice vote of five (5) ayes and three (4) nays (Councilmember’s Varner, Oliver Davis and Henry Davis). Additionally, Councilmember Dieter made a motion to adopt this Resolution as amended. Councilmember White seconded the motion which carried and the Resolution was adopted by a roll call vote of five (5) ayes and three (3) nays (Councilmember’s Varner, Oliver Davis, and Henry Davis.) RESOLUTION NO. 3879-08 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROVING AND ADOPTING THE EAST BANK VILLAGE MASTER PLAN – PHASE 1 WHEREAS, in 2006, City Plan, a comprehensive plan for the City of South Bend (the "City") was adopted by the St. Joseph County Area Plan Commission (the "Plan Commission") and the Common Council of the City, which recommends that area- specific plans be developed for portions of the City to provide strategic direction in the future growth and development of that area; and 33