From Redev Commission

Public Hearing

All members present except for David Wright and Quinton Dixie.

Speaking in favor: Greg Leatherman

$18M bond would cover costs for $12M parking garage, $3M for excavation, soil removal, and other $3M covering costs of utility work

Speaking against: John Kalb

Resolution 2007-65
"Final Bond and BAN Resolution of the Fort Wayne Redevelopment Commission authorizing the issuance of City of Fort Wayne Indiana Redevelopment District Tax Increment Revenue Bonds and the issuance and sale of Bond Anticipation Notes in anticipation of the issuance and sale of such bonds for the purpose of raising money for property acquisition, redevelopment and economic development in or serving the Jefferson Illinois Road Economic Development Area"

Passed unanimously

Resolution 2007-66
"Appropriating the proceeds (including investment earnings thereon) of the City of Fort Wayne Indiana Redevelopment District tax increment revenue bonds to be applied to the cost of property acquisition, redevelopment and economic development in or serving the Jefferson Illinois Road Economic Development Area"

Passed unanimously