10-27-03 Community & Economic Development

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r � community and hconomtc vevetopment committee vctooer Z i, LUU3 rage council member Belly noted that Mr. smut' is a neighbor or Ills and mat ne builds fine homes. council member Belly men made a motion, seconded by Dr. v arner that trill NO. U3-116 be recommended favorably to council. •1 he motion passed. council member Bing then called for a presentation on trill No. 03-12U which is a proposed resolution which would adopt a three year strategic plan and autnonze me submission to me Indiana Department of Commerce, Urban Enterprise zone Board and the Mate budget committee an application for the designation or an enterprise zone. Pam Meyer, Director of the Division of Community Development, of 1 1550 White Chapel in South Bend, Indiana 46635, made the presentation. She presented a map to the Committee (copy attached) entitled"urban Enterprise Lone or South fiend Proposed boundary. Ms. Meyer noted that the 20-year designation of the current Urban Enterprise Gone will expire on December 31, 2003. The proposed resolution would permit the city to re-apply for with a 3-year strategic plan for a new zone designation. Modifications are included which move the zone to the west. UEA has approved the designation with it moving after Council approval to the Indiana. Department of Commerce and the State Budget Committee with a hearing set for November 11, 2003. The new zone would become effective on January 1,2004. Ms. Meyer further noted than the suggestion to move the zone further west would permit the inclusion of the residential area around Ai Wright facility. People who live and work in the zone can have tax benefits, as well as benefits to the businesses. The proposed area includes the newly designated weed and seed area. There are basically two (2) programs: (1) Sample Street Business Complex(incubator);and(2) Residential Program subsidies including but not limited to subsidized day care, uniform assistance, etc. She noted that they do not know what revenues which they will be dealing with, with such revenues possibly being 50%less than current levels. Council Member King inquired whether there were any obligations which would require the city to provide revenues on an ongoing basis if there were shortfalls. Ms. Meyer stated that there is no obligation to the city. No one from the public spoke in favor or in opposition to the Bill. Following discussion, Council Member Kelly made a motion, seconded by Dr. Vanier that Bill No. 03-120 be recommended favorably to Council. The motion passed. There being no further business to come before the Committee, Council Member King adjourned the meeting at 4:42 p.m. Respectfully submitted, Council Member Karl King, Chairperson Community and Economic Development Committee KCF:kmf Attachments