RM 05-07-76 - Laserfiche WebLink

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6. NEW IBUSINESS a. Resolution No. 522: This Resolution before the Commission is RESOLUTION re- declaring the Central Downtown Renewal Area to be blighted NO. 522 and re- approving an Urban Renewal Plan and conditions under ADOPTED, R -66 which relocation payments will be made for Project Number Indiana R -66 and for the making of certain minor changes to he Urban Renewal Plan. 'he Chair welcomed the Honorable Peter J. Nemeth', Mayor, City f South Bend, who had arrived in the meeting just prior to his item on the Agenda and the adoption of the Resolution. he Chair had temporarily suspended the items being discussed t the time for the Mayor's appearance. -he Mayor explained the reason for requesting the amendments s that the Urban Redevelopment Plan, which covers Block 6, has :ertain restrictions which make it impossible to'have the high - •ise of 211 units. The developers have indicated that their �igures come out with 211 unit facility whereas they are limited :o 200 units, as is the case under the present restrictions. It sight very well be that they would not be able to proceed with t, and, basically, for that reason the Mayor stated they are sking for what "we feel is a minor modification of the plan. 'he other minor modification is removal of that part of the plan ,hich.prohibits any transient facilities, which includes hotels r motels on the property. It does not necessarily mean that ny hotel or motel is going there, but it gives us the oppor- unity in the event there is some interest, that it could happen. think that is important because of the fact that Century Center S, as you can see, well on its way to being built right across he street. So basically for those two reasons, I would respect - ully request your favorable consideration for this Resolution." he Mayor stated he would be happy to answer any questions. Com- missioner Wiggins asked, "I assume that the developer- -that is he one who is building the elderly high- rise - -has some sort of approval or indications of support from FHA or financial backers on this thing ?" The Mayor advised that is correct and his under- standing is that they have. They did get Federal approval for the 211, and then all of a sudden, somebody down in the bureaucracy dis- covered that we had this 200 -unit limitation, but then they had to withdraw their approval of that particular plan, so it has created s me problems, and, as he understands it, their financing has to b completed sometime in June. We are really in a bind. In timing wa are very fortunate that the Commission is meeting today -- assuming tie Commission adopts this Resolution -- because then it goes to COG, the Area Plan Commission, and then to the Common Council- - h pefully by May 24, which allows us to get this done. They have a proval from FHA and everything is all set to go, except for the f ct that our own local plan limits the number of units to 200, w ereas they want to put in 211. For further answers on this ques- tion, the Mayor referred it to Mr. Lloyd S. Taylor, Managing Agent, S . Joseph River Bend Development Corporation.