12-14-09 Community and Economic Development

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Bill No 92-09 Amendment -Distribution of 2009 Community Development Funds #212 In her presentation, Pam Meyer emphasized the bill only changed dollar amounts for each activity. It did not affect the geography, the eligible activities, or partner agencies. Also the total dollar amount would not change. More specifically, Pam said the number of properties on the acquisition and rehab list would be reduced from nine (9) to five (5). Correspondingly properties benefitting from other programs like "dollar homes" or new construction went from 4 to 9 in number. Councilmember White asked about total dollars available and wondered how priorities were determined. Councilmember Rouse expressed some consternation with the fact that South Bend Heritage was receiving nearly $420,000; wondering if the city was getting its money's worth. Councilmember Varner asked if the 14 affected homes were marketable. Councilmember Rouse asked Pam Meyer to do an accounting of the program and report back to the Council so they could determine whether the funds were spent effectively. After Pam said she would report to Council in the future, Catherine Andres moved to send favorably. Councilmember White seconded and all affirmed. Bill No. 09-79 -Tax Abatement -1710 Sheridan -Hoosier Tank (Personal Property) Chairman Rouse allowed Bob Mathia from Community and Economic Development to outline the due diligence report. He allowed that all criteria had been meta Hoosier Tank was spending $950,000 for a new state of the art powder coating system which when operating would create 6-10 new jobs and protect 52 current jobs. With enthusiasm, Councilmember Puzzello moved the bill go favorably to Council. Catherine Andres seconded and all approved. Chairperson Rouse adjourned the meeting at 3:55 p.m. Respectfully Submitted, .-~ ~ ~G~ Timothy Rous~ irperson Community afn conomic Development Committee