HUNTINGBURG REDEVELOPMENT COMMISSION

Minutes of the Monday, May 1, 2006 Meeting

 

The Huntingburg Redevelopment Commission met in session on May 1, 2006 at 7:00 P.M. at the Huntingburg City Hall.� Members present were Eugene Peters, Robert Fowler, Jim Heidorn, Tim Sternberg, and Kenneth Lau.� Rich Hazlewood and Bill Powell were also present.

 

The minutes of the April 4, 2006 minutes were read and approved as submitted.� A motion to approve the minutes as submitted was made by Tim Sternberg.� The motion was seconded by Bob Fowler.� The motion was approved by a vote of 5-0.

 

President Eugene Peters opened the public hearing regarding on the declaratory resolution and the adoption of confirmatory resolution 2006-03.� There being no comments, the public hearing was closed.

 

Resolution 2006-03, a Resolution Modifying and Confirming the Resolution of the Huntingburg Redevelopment Commission Adopted on February 22, 2006 Entitled �Declaratory Resolution of the Huntingburg Redevelopment Commission�, was discussed.� A motion to approve Resolution 2006-03 was made by Tim Sternberg, seconded by Jim Heidorn, and approved by the Redevelopment Commission by a vote of 5-0.

 

On May 11, 2006 the Common Council will meet to approve the creation of the Economic Development Area.� At the next meeting of the Redevelopment Commission, the RDC will meet to adopt a resolution pledging TIF Revenues to EDC Bonds.

 

The TIF revenues, for this year (2005 pay 2006), is expected to be as follows:

 

����������� Northwest Tif�������������� $ 295,199.06

����������� Industrial Park Tif�������� $ 295,205.40

����������� East Styline Tif������������� $� �60,812.33

����������� Total Revenue������������� $ 651,216.79

 

The next scheduled meeting will be Monday, May 25, 2006 at 7:00 P.M. local time.

�

There being no further business to come before the Commission, a motion to adjourn was made by Bob Fowler and seconded by Jim Heidorn.� The Huntingburg Redevelopment Commission approved the motion to adjourn by a vote of 5-0.� The time of adjournment was 7:18 P.M.

 

_________________________

Kenneth Lau, Secretary

 

_________________________

Eugene Peters, President