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SOU T$ <br /> N x <br /> U G <br /> W rencE <br /> 1865 <br /> OFFICE OF THE CITY CLERK <br /> KAREEMAH FOWLER,CITY CLERK <br /> COMMUNITY INVESTMENT JUNE 12, 2017 4:10 P.M. <br /> Committee Members Present: Gavin Ferlic, Regina Williams-Preston, Oliver Davis, <br /> Randy Kelly, Paul Tipps (citizen member) <br /> Committee Members Absent: None <br /> Other Council Present: Tim Scott, Jo M. Broden, Dr. David Varner, Karen White <br /> Other Council Absent: John Voorde <br /> Others Present: Aladean DeRose, Bob Palmer, Kareemah Fowler, Graham <br /> Sparks <br /> Presenters: James Mueller <br /> Agenda: Bill No. 32-17-Bond Issuance for the Renaissance District <br /> Studebaker Project <br /> Committee Chair Gavin Ferlic called to order the Community Investment Committee meeting at <br /> 4:10 p.m. He introduced members of the committee and proceeded to give the floor to the <br /> presenters. <br /> Bill No. 32-17-Bond Issuance for the Renaissance District Stu d e 1)it ke I- Pro sect <br /> James Mueller, Executive Director of Community Investment with offices on the 14'h floor of the <br /> County-City Building, stated, Today is an exciting day. This is the financing package to bring <br /> about the fagade improvements of Building Eighty-Four(84), a hallmark of the south part of our <br /> downtown. The commitment of redevelopment funds stems back to the 2012 agreement that <br /> guaranteed$3.5 million. In turn,the developer agreed to put in$10 million over ten(10) years <br /> and the developer has already exceeded that via a quicker timeline. This phase would bring about <br /> one hundred thirty (13 0) good-paying jobs. This would also unlock more jobs down the road. We <br /> have done a lot of remediation over the last few years and now is the exciting time where we <br /> actually get to see it and feel it. The City retained the council of Randy Rompola to help with the <br /> financing piece and we also have the developer here to answer any questions you may have. <br /> Committee Chair Ferlic opened the floor to questions from Committee or Council members. <br /> 455 County-City Building-227 W.Jefferson Boulevard-South Bend,Indiana 46601 <br /> Phone 574-235-9221 -Fax 574-235-9173-TDD 574-235-5567-www.SouthBendIN.gov <br /> JENNIFER M.COFFMAN ALKEYNA M.ALDRIDGE JOSEPH MOLNAR <br /> CHIEF DEPUTY/DIRECTOR OF DEPUTY/DIRECTOR OF POLICY ORDINANCE VIOLATION CLERK <br /> OPERATIONS <br />