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18-70 Renewing and Extending the term of the South Bend Urban Enterprise Zone (2)
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18-70 Renewing and Extending the term of the South Bend Urban Enterprise Zone (2)
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Last modified
11/20/2018 10:29:26 AM
Creation date
11/20/2018 11:01:34 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
11/26/2018
Bill Number
18-70
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Enterprise Zone(EZ)/Association(UEA)Highlights 2004-2018 <br /> 2004 <br /> 111101111.PBrownfieldGrants-$34,887-Assisted in Studebaker Corridor and Oliver <br /> _dam Plow locations <br /> Individual Development Accounts—Assisted 4 persons depositing in <br /> r"'7 accounts for homeownership <br /> 1 )1 l )x.11) E u It e C p r f se Became Minority Women's Business Development(MWBDC)fiscal <br /> /Vs()( I` <br /> 111 agent/administrator <br /> O O S.Michigan Street propertyPurchases(3)through Commercial Corridor Program <br /> , „ ,, , IH, <br /> 2006 <br /> Enter-prise Zone Deduction(new State tax benefit)created <br /> SSBC-11 new leases and 34 renewals <br /> MWBD Director Resigns <br /> Micro Enterprise Grant from Indiana Economic Development Corporation(IEDC) <br /> Acquisition of Burke building—So.Michigan Street corridor <br /> Purchased and landscaped Western Avenue corridor lots <br /> 2007 <br /> Samp-le Street business Complex(SSBC) 19 new leases 14 renewals <br /> Coordinated Martin Luther King(MLK)Breakfast <br /> 2008 <br /> SSBC 7 new leases and 14 renewals 1 <br /> $75,000 donation to KROC Center I <br /> Assisted Old Fort Building Supply with process for EZ 1 benefit in order I <br /> for them to construct 12,000 sq.ft.warehouse <br /> Coordinated MI,K Breakfast <br /> 2009 <br /> Legis-lative effort with Association of Indiana Enterprise Zones(AIEZ)and <br /> Senator John Broden to defeat SB 236 proposing to eliminate EZ <br /> Deduction and other benefits <br /> SSBC-5 new leases 5 renewals;45 tenants—63%leased <br /> Considered RAITT proposal for SSBC <br /> Administered 3 Western and 1 Miami facade grants <br /> 2010 <br /> AIEZ Legislative effort to assist in defeating SB 589 proposing to eliminate EZ <br /> Deduction and other benefits <br /> SSBC 10 renewals;74 leases for 40 tenants-52%leased <br /> Letter of Interest(1,01)w/RAITT-Negotiated Purchase Agreement <br /> 2011 <br /> SSBC-7 renewals-55%of facility units leased; free/reduced space for MAACC and <br /> Bridges for Digital Excellence <br /> Heartland Environmental retained <br /> Phase II Environmental Assessment completed <br /> RAITT declines purchase of SSBC <br /> Training grant with Center for the Homeless(CFTH)-$ 15,686 <br /> 2012 <br /> Appli-cation to Voluntary Remediation Program(VRP)accepted;VRP agreement <br /> executed with IDEM <br /> 227 W.JFFFFssoN Btvn. Indemnity Agreement/IRF for sewer work <br /> SUITE 14005 VRP application submission and acceptance;process begins <br /> Col iNry-CItY Bun DIN(. Masonry,fire suppression,HVAC capital items at SSBC accomplished <br /> Snun1 BIND, IN 46601 <br /> Phone:574/235.9371 <br /> Fax:5741235-9021 <br />
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