08-20-04 Redevelopment Commission Minutes

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Redevelopment Commission Meeting Regular Meeting — August 20, 2004 DTSB and recused himself from any vote. Upon a motion by Mr. Hunt, seconded by Mr. Faccenda and unanimously carried, the Commission authorized use of the property at Hill and Colfax Streets by Downtown South Bend, Inc. on September 9, 2004 for the Art Beat event, contingent upon providing proof of the Commissions indemnification. Mr. Kahn abstained (3) Commission approval requested for Agreement between the South Bend Community School Corporation and the South Bend Redevelopment Commission related to the School Administration Relocation Project. Ms. Greene noted that after many months of discussion the parties have come to agreement on the issues related to this project. The overall project will relocate the South Bend School Corporation from the School Corporation's current administrative offices at 635 S. Main Street to the Century Building located on the corner of 215 S. St. Joseph Street. Century Building is currently owned by United Realty Companies and has been subject to a bankruptcy proceeding, primarily due to outstanding back taxes. The Commission will facilitate the South Bend School Corporation Relocation Project by helping to assemble the site. This will involve, in part, taking temporary ownership of the Century Building in order to petition for a waiver of taxes through the Indiana Board of Tax Review pursuant to 1. C. 6-1.1 - 36-7(a). The Commission and the School Corporation would be the primary recipients of the taxes sought to be waived. Ms. Greene noted that there are two 6 COMMISSION AUTHORIZED THE USE OF THE PROPERTY AT HILL AND COLFAX STREETS BY DOWNTOWN SOUTH BEND, INC. ON SEPTEMBER 9 FOR THE ART BEAT EVENT, CONTINGENT UPON PROVIDING PROOF OF THE COMMISSIONS INDEMNIFICATION AND A REVISION TO THE CERTIFICAT E OF INSURANCE NAMING THE COMMISSION AS AN ADDITIONAL CO- INSURED.