02-24-03 Community & Economic Development

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Community and Economic Development Committee February 24, 2003 Page 2 presented a 1-page handout(copy attached) which detailed how the Family Life Center which will be owned by Rescue, Inc will leave the thirty-four (34) transitional apartments to Hope Housing, L.P. With Hope Housing L.P. Being responsible for real property taxes. She added that the Ice Miller law firm development the overall tax strategy for the entities; and that tax credits in the amount of$1.7 million have been applied for on the project. Mr. Beitzinger noted that he discussed this arrangement with Mr. John Lentz in the County Auditor's Office and it was found to be acceptable. Council Member Kuspa noted that the corner where the playground is proposed is a high traffic area. Mr.Yerry stated that the playground area will have fencing and that additional landscaping will be facing I afayette. No one from the public spoke in favor or against the Bill. Council Member Pfeifer noted that she is not a member of the Committee, however the proposed project will be located in the 2nd District. She commended Hope Rescue for their undertaking. She noted that she took a tour of the facility approximately one year ago, and is most excited about the transitional apartments and all of the programs which will be offered to the residents. Following discussion, Council Member Kuspa made a motion, seconded by Dr. Varner that Bill No. 03-22 be recommended favorably to Council. Council Member King then called for a presentation on Bill No. 03-23 which is a proposed resolution which would authorize the Mayor to submit an application for a Brownfields Site Assessment Grant. Economic Development Specialist Andy Laurent made the presentation. He noted that the resolution would authorize Mayor Luecke to submit the application to the Indiana Development Finance Authority. If awarded the funds would be used to conduct environmental assessment services at the former South Bend Stamping property. He noted that the maximum grant amount is $50,000 which may entitle the City to receive another$200,000. Council Member King noted that the proposed Resolution just addresses the submission of the application and if it is awarded there would be an appropriation ordinance later. Mr. Laurent stated that that was correct. Following discussion, Dr. Varner made a motion, seconded by Council Member Kuspa that Bill No. 03-22 be recommended favorably to Council. Under unfinished business, Council Member King requested that Committee minutes of February 10th be amended to reflect that he adjourned the meeting. Council Member King then adjourned the meeting at 5:18 p.m. Respectfully submitted, Council Member Karl King, Chairperson Community and Economic Development Committee KCF:kmf Attachments