01/14/85 Board of Public Works Minutes

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VMM REGULAR MEETING JANUARY 14, 1985 APPROVE LETTER OF SUPPORT TO UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) RE: TEACHERS CREDIT UNION PROJECT UDAG APPLICATION Submitted to the Board for approval was a letter of support to Mr. William Hammer, Urban Development Action Grants, United States Department of Housing and Urban Development, Washington, D.C. in regards to the Teachers Credit Union Project UDAG application. Assistant City Attorney Eugenia S. Schwartz addressed the Board and advised that HUD is giving last minute scrutiny to the application that has been sent to them for Teachers Credit Union (TCU). In response to a number of questions they have raised, there has been a rearrangement of the relationship of the parties involved in regards to the parking lot to be constructed as well as the use of Section 108 funds for the project. She advised that the funds have already been appropriated by the Common Council. The letter provides evidence of commitments by TCU, the Redevelopment Commission and the City for construction, financing and ownership of the parking facility to be located adjacent to the proposed TCU headquarters building in downtown South Bend. Teachers Credit Union will construct the parking facility on land owned by Redevelopment, Redevelopment will purchase the completed facility from TCU with Redevelopment bond funds and Section 108 funds and will lease the parking facility back to TCU, and the City will commit Section 108 funds to Redevelopment for use in that purchase. TCU currently holds a leasehold interest in the vacant property located at the southwest corner of West Washington and South Michigan Streets. This property is owned by Redevelopment. Upon a motion made by Mr. Leszczynski, seconded by Mr. Hill and carried, the letter of support was approved and executed. It was noted that the letter will also be executed by Mr. F. Jay Nimtz, President of the South Bend Redevelopment Commission, Mr. W. B. Hawkins, President, Teachers Credit Union and Mayor Roger O. Parent. APPROVE COMMUNITY DEVELOPMENT CONTRACTS The following nine (9) Community Development Contracts were presented to the Board for approval: DEPARTMENT OF REDEVELOPMENT HUM VILLAGE INDUSTRIAL PARK DEVELOPMENT ACTIVITY The targeted goal for this activity is to produce a viable plan for the development of an industrial park that would assist in the community's economic growth. The total cost of this activity shall not exceed $15,000.00 DEPARTMENT OF REDEVELOPMENT EAST BANK DEVELOPMENT ACTIVITY The targeted goal for this activity is to complete acquisition/relocation activities as well as to further enhance the physical and functional improvements initiated in the area. The total cost of this activity shall not exceed $150,000.00 LA SALLE-FILLMORE NEIGHBORHOOD CENTER, INC. LA SALLE PARK NEIGHBORHOOD CENTER The targeted goal for this activity is to open 240 days for public access to the Center and the services it provides. The total cost of this activity shall not exceed $4,500.00. Funds for this activity may be used only for telephone and electricity costs.