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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -July 14, ?009 <br />6. NEW BUSINESS (CONT.) <br />H. Ratification of Temporary Use Agreements <br />Upon a motion by Mr. Downes, seconded by Ms. <br />King and unanimously carried, the Commission <br />ratified the Temporary Use Agreements approved <br />by staff since June 5, 2009. <br />I. Other <br />(1) Resolution No. 2591 determining that the <br />tax increment which may be collected in <br />the year 2010 is needed to satisfy <br />obligations of the Commission and that no <br />excess assessed value may be allocated to <br />the respective taxing units and other <br />related matters. <br />Mr. -Inks noted that this is the annual notice <br />that we are required by law to provide to the <br />various taxing units by July 15 as to whether <br />there is any excess TIF that can be released <br />by the Commission. Attached to Resolution <br />No. ?591 as Exhibit "B-- is the form of letter <br />to be sent and a list of projects for each TIF <br />area, and for each TIF area an estimate of the <br />expected TIF revenue. <br />Upon a motion by Ms. King, seconded by <br />Mr. Downes and unanimously can•ied, the <br />Commission approved Resolution No. ?591 <br />determining that the tax increment which <br />may be collected in the year ?010 is needed <br />to satisfy obligations of the Commission and <br />that no excess assessed value may be <br />allocated to the respective taxing units and <br />other related matters. <br />COMMISSION RATIFIED THE TEMPORARY USE <br />AGREEMENTS APPROVED BY STAFF SINCE <br />JUNE 5. X009 <br />COMMISSION APPROVED RESOLUTION NO. 2591 <br />DETERMINING THAT THE TAX INCREMENT WHICH <br />MAY BE COLLECTED IN THE YEAR 2OlO IS <br />NEEDED TO SATISFI' OBLIGATIONS OF THE <br />COMMISSION AND THAT NO EXCESS ASSESSED <br />VALUE MAl' BE ALLOCATED TO THE RESPECTIVE <br />TAXING UNITS .AND OTHER RELATED MATTERS <br />19 <br />