01-28-08 Health and Pubic Safety Committee

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Community and Economic Development Committee January 28, 2008 Page 2 Following discussion, Council Member Puzzello made a motion, seconded by Council Member White that Bill No. 05-08 be recommended favorably to Council. The motion passed. Bill No. 07-08: Appropriation Request of $100,000 Within UDAG Fund, Fund # 410 of the Department of Community and Economic Development Council Member Dieter called for a formal presentation on Bill No. 07-08 which would appropriate $100,000 within the UDAG Fund, Fund # 410 of the Department of Community and Economic Development for the purpose of providing predevelopment costs for potential development projects within the City of South Bend. Elizabeth Leonard, Director of Financial & Program Management for Community & Economic Development made the formal presentation. She noted that the predevelopment costs would include such items as market studies, appraisals, preliminary site plans, surveys, title work, environmental students, etc. which would be necessary to determine the feasibility of a project in determining whether it should or could proceed ahead. Ms. Leonard noted that past expenditures were as follows: $11,000 in 2007 $51,000 in 2004 $ -0- in 2006 $82,000 in 2003 $24,000 in 2005 She noted that the amounts fluctuate based on the types of projects. In response to a question from Council Member Dieter, Ms. Leonard stated that the BDC payment is also included and that the following amounts have been spent: $1 million for the KROC Center $1 million for Potawatomi Zoo $2 million remaining In response to a question from Council Member Henry Davis, Ms. Leonard stated that they never know what will come up and that the timing and the situations vary. Don Inks, Director of the Division of Economic Development, stated that this year they know better than previous years since expenditures for right-of-way purchase, economic impact analysis for Eddy Street Commons will go forward this year. They may need to come back for additional funds if necessary. Council Member Henry Davis requested a copy of what plans they plan to do this calendar year.