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South Bend
<br />Regular Mee
<br />4. COMMUNI
<br />a. con
<br />elopment Commission
<br />- September 27, 1991
<br />(Cont.)
<br />inued...
<br />Mr. McCalley noted that he needs to have
<br />his project contain the same number of
<br />units and unit mix in order to submit for
<br />tax credits September 30. He is willing
<br />to work with the staff to find a style
<br />that better fits the character of the
<br />nei hborhood and a rearrangement of the
<br />sit plan to make a more prominent
<br />fro taae on Monroe Street.
<br />Mr. McCalley asked for permission to wait
<br />until tax credits were approved for the
<br />project before he submitted his
<br />performance guarantee. Although he fully
<br />expects to receive the affordable housing
<br />tax credits, he would not be able to
<br />develop the land unless tax credits were
<br />approved. Mrs. Kolata responded that the
<br />bid packet specifically requires that the
<br />performance guarantee be submitted with
<br />the bid. However, the Commission would
<br />be willing to award the land contingent
<br />upon the project receiving tax credits
<br />and would return the performance
<br />guarantee if the project could not move
<br />forward for that reason.
<br />Upon a motion by Mr. Donoho, seconded by COMMISSION RELEASED MONROE PARK
<br />Mr. Faccenda and unanimously carried, the ASSOCIATED FROM THEIR OBLIGATIONS
<br />Commission released Monroe Park UNDER THE ACCEPTED BID
<br />Associates from their obligations under
<br />the accepted bid and authorized the
<br />ret rn of the performance guarantee.
<br />Upon a motion by Mr. Faccenda, seconded
<br />by Mr. Piasecki and unanimously carried,
<br />the Commission accepted Briarwood
<br />Development Company's proposal for
<br />Parcels M2 -13, M2 -14, M2 -15, M2 -16,
<br />M2-17, M2 -18 and Parcels M9 -1, M9 -2,
<br />M9-3, M9 -4, M9 -5, M9 -6, M9 -7, M9 -8, M9 -9,
<br />M9-:.O, M9 -11, M9 -12, M9 -13, M9 -14, M9 -16,
<br />M9-17, M9 -18 in the South Bend Central
<br />Development Area, contingent upon
<br />Bri rwood's ability to secure Affordable
<br />Housing Tax Credits and upon acceptance
<br />by the Redevelopment Commission of an
<br />acceptable design and site plan.
<br />COMMISSION ACCEPTED BRIARWOOD
<br />DEVELOPMENT COMPANY'S PROPOSAL
<br />FOR PARCELS M2 -13, M2 -14, M2 -15,
<br />M2 -16, M2 -17, M2 -18 AND PARCELS
<br />M9 -1, M9 -2, M9 -3, M9 -4, M9 -5,
<br />M9 -6, M9 -7, M9 -8, M9 -9, M9 -10,
<br />M9 -11, M9 -12, M9 -13, M9 -14,
<br />M9 -16, M9 -17, AND M9 -18 IN THE
<br />SOUTH BEND CENTRAL DEVELOPMENT
<br />AREA, CONTINGENT UPON BRIARWOOD'S
<br />ABILITY TO SECURE AFFORDABLE
<br />HOUSING TAX CREDITS AND UPON
<br />ACCEPTANCE BY THE REDEVELOPMENT
<br />COMMISSION OF AN ACCEPTABLE
<br />DESIGN AND SITE PLAN
<br />
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