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430 <br />SPECIAL MEETING <br />OCTOBER 6, 1982 <br />A special meeting of the Board of Public Works was convened at <br />8:35 a.m., on Wednesday, October 6, 1982, by President John E. <br />Leszczynski, with Mr. Leszczynski and Mr. Joseph E. Kernan <br />present. Also present was Assistant City Attorney Carolyn <br />Pfotenhauer. <br />APPROVAL OF COMMUNITY DEVELOPMENT ADDENDUM (SOUTH BEND DEVELOPMENT <br />CORPORATION) AND AGREEMENT WITH SOUTH BEND DEVELOPMENT CORPORATION <br />Mr. Jon Hunt, Director of the Department of Redevelopment, explained <br />that Board approval was requested on Addendum No. 1 to.the contract <br />previously approved by the Board at its special meeting of <br />September 23, 1982, with the South Bend Development Corporation. <br />He stated that the addendum would provide an increase of <br />$200,000.00 to the existing contract bringing the total amount <br />to $700,000.00, which funds would be used in the form of loans <br />to assist in the retaining of Robertsons in the downtown and/or <br />the attempt to retain "a" retail outlet in downtown. The <br />additional $200,000.00 would come from the Economic Development <br />Capital Fund which had been established previously. He advised <br />that, although several projects were in the formative stage for <br />possible use of the $200,000.00 within the fund, the administration <br />had taken the position that, because of the priorities involving the <br />downtown situation, the funds should be used for the downtown <br />retail project. Mr. Hunt concluded by informing the Board that <br />no other changes in the original Community Development contract <br />approved on September 23, 1982, would be made under Addendum No. 1. <br />In another matter, Mr. Hunt requested Board approval of a second <br />contract between the city and the South Bend Development Corporation, <br />which contract was a separate contract from the one approved on <br />September 23, 1982. He advised that the new contract would <br />provide the amount of $102,000.00 for commercial rehabilitation <br />in the downtown area, which funds would come from the Commercial <br />Revolving Loan Fund. As evidence of a project which had already <br />benefited from the fund, Mr. Hunt pointed to the moving and <br />rehabilitation of a large structure to house General Micro -Computer <br />on Washington Street which was presently underway. He stated that <br />a balance of $102,000.00 was left in the fund which would be <br />transferred to the Economic Development Capital Fund if approved <br />by the Board. Mr. Kernan asked if the funds had already been <br />appropriated and if the purpose of the appropriation was consistent <br />with the intent for use of the funds. Mr. Hunt stated that the <br />funds had been appropriated and the use of the funds to assist in <br />the retaining of a retail outlet in downtown South Bend was consistent. <br />Mr. Leszczynski asked if the funds could be used anywhere within the <br />city or just in the downtown area. Mr. Hunt stated that it was <br />originally anticipated that the money would be used in the <br />targeted Community Development areas. He advised that the contract <br />would allow for that flexibility, thereby using the funds within <br />Community Development areas, including downtown. <br />Upon a motion made by Mr. Kernan, seconded by Mr. Leszczynski and <br />carried, Addendum No. 1 to the previously approved contract with <br />the South Bend Development Corporation was approved, and the new <br />contract with the South Bend Development Corporation for use of <br />funds from the Commercial Revolving Loan Fund in the amount of <br />$102,000.00 was also approved. <br />There being no further business to come before the Board, upon a <br />motion made by Mr. Leszczynski, seconded by Mr. Kernan and carried, <br />the meeting was adjourned at 8:45 a.m. <br />Jo n E. eszc y s i <br />ATTEST: l`os E . Kernan <br />ar ara J. Byers, Cl6kk <br />