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07/09/07 Council Meeting Minutes
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07/09/07 Council Meeting Minutes
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REGULAR MEETING JULY 9, 2007 <br />to the buildings that he would see when he looks out from his house and see. They have <br />softened the fagade on the nine story hotel and have committed that the hotel and the <br />condominiums will not exceed nine stories in height. The building along the main part of <br />Eddy Street will not exceed four stories, with higher elements up to five stories only on <br />the corners. They are working with the City of South Bend and the University of Notre <br />Dame to preserve trees located in the ravine area. There was 13.5 acres of trees in the <br />Main development and another 6.5 acres in this area, so they are probably preserving just <br />over 1/3 of the total trees that are in this area. 13.5 unfortunately are going have to be <br />taken down as part of this development. There is just no other way to do it, but by <br />working with the City and developing creative solutions, the Engineering Department on <br />drainage and the University of Notre Dame there is a very good chance of coming back <br />on July 16, 2007 and say that they will be able to preserve those trees in that 6.5 acre <br />area. They will work to plant mature trees to help screen views of buildings from <br />neighbors located on the west. Mr. Compton stated that he also talked with Dr. Harmon <br />about planting mature trees along the western property line. They will have discussion <br />with the IU Medical Center, to obtain an easement to plant them along there also. They <br />believe that planting mature trees in the 10' height area, most likely conifers will allow <br />for further screening of the buildings that they are proposing. There have been some <br />questions and concerns about tenants. If you look on the Kite Website, the southwest <br />corner of Angela/Edison/Eddy, says Irish Pub Theme Restaurant. It is a restaurant that <br />you can take a family to, a family friend environment. This project is not intended to <br />bring just bars to the area, and is part of the development plan with the University of <br />Notre Dame. One of the important things not to overlook is the overall economic impact <br />of the City of South Bend. Phase I of this development is a 200 million dollar impact. <br />That does not include the triangle which they estimate to be a 15 million dollar <br />investment as a result of the Tax Increment Financing creating a 215 million investment. <br />It provides for the elimination of 25 vacant homes including the triangle neighborhood. <br />There will be 375 construction workers employed during the construction of the retail, <br />office, hotels and parking garage. 500 new jobs created and supported during the <br />apartment and residential sale homes. There was some confusion at the committee <br />meeting this afternoon concerning the 330 permanent jobs with an anticipated average <br />annual salary of $28,500.00. Ongoing spending from the new households in the <br />development will support another 630 jobs in the greater South Bend area. So in looking <br />at the total economic impact of the project will create a total of approximately 960 jobs. <br />The tax base created by this project, part of it is the TIF, is proposed to be used to <br />develop the triangle. As the goals of the NNRO were talked about and the seven <br />redevelopment zones, one of those zones was the triangle. As part of the development of <br />the triangle 30 percent of those homes are guaranteed to go as affordable and medium <br />homes buyers within the City of South Bend. They are working with Phil Byrd and the <br />members of the NNRO Board to reach out to local builders to be the primary builders <br />within that development. The one thing that is very tough to quantify is the positive <br />ripple effect that this project will have by people living in the area will spend money in <br />the neighborhood which creates additional jobs in the area. They tried to quantify that, <br />but they feel like that is something that needs to still be talked about. In summary, they <br />believe that the Eddy Street Commons Development accomplished the goals and land <br />uses objective that started out with the original meetings at the NENC followed up the <br />NNRO and is supported by the stakeholders that are here today of those Board of <br />Directors. In addition, this development is consistent with the City Plan and is supported <br />by the Staff of the City of South Bend. It is a $200 million investment, which creates <br />jobs during its construction and lasting economic benefits for the City of South Bend and <br />its residents after its construction. <br />Councilmember Puzzello stated that she had submitted a list of questions to Kite <br />Development and wondered if those questions had been answered. <br />Mr. Compton stated that some of the questions had been answered in the presentation. <br />He will address the questions that had not been addressed. <br />1. Q: Using standard zoning requirements for parking allotments we calculate a <br />projected need for upwards of 1700 parking spaces. Currently, the garage is projected to <br />have about 1050 spaces, and the shared 150 hotel spaces will be in strong competition <br />14 <br />
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