RM 04-13-89 - Laserfiche WebLink

Home Browse Search

South Bend I Redevelopment Commission ResdledUle4 Regular Meeting - April 13, 1989 6. NEW BU=S (Cont.) b. Continued... Secondly, is the question of ownership anc-management. South Bend Heritage is, richt now, considering a for profit entity to manage this property and our estors will become our limited Pa-Itners. The property will be put on th tax rolls, so, we are aware of the fact that the neighborhood right now has become a tax incremental financing area. If we were to develop this real estate and not generate additional taxes, it woL ld not, in fact, be an asset to the tax incremental financing philosophy. South Bend Heritage Foundation is, right meeting with people who manage apartment complexes in the community, specifically for low inc me people, so the t we are certain that when we get im olved in the management side of this prcperty, that we will have sufficient ise to make it a piece of real es to that the Near Westside is proud of . lastly, I'd like to describe how we see the physical development of the construction of this project. We know that the project will be developed in twc phases and the first phase will take plam from Elm, which is the street that you see on the right hand side, to Wal,iut, and that's both sides of the str9et. We are looking at as few as fourteen buildings and as many as twenty, but those buildings will be duplexes, so that represents from twenty -eight to forty units. The second phase will be from Walnut Street, and then further west down to N. Birdsell and could have up to fifteen buildings, or an additional units. As I have mentioned, we see the development of the units as duplex buildings. We see them as having side yards (you can barely detect that when you look at the floor plan up here), but they will have approximately 15 feet bet3ieen each structure, which is common