09-23-86 Human Resources & Economic Development

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Oinmmtiin Erpart d Wn t1 a emn nun comma of tip, a t% of*anti/ stud: HUMAN RESOURCES AND ECONOMIC DEVELOPMENT COMMITTEE The September 23, 1986 meeting of the Human Resources and Economic Development Committee was called to order by its Chairman Councilman Eugenia Braboy at 4 : 00 p.m. in the Council informal meeting room. Persons in attendance included Councilmen Voorde, Braboy, Puzzello, Barcome, Serge, and Beck; Jeff Gibney, Sandy Combs, Steve Luecke, Don Inks, Ann Kolata, Ann Mannix, members of the news media, Jon Hunt, and Kathleen Cekanski-Farrand. Councilman Braboy noted that the purpose of the meeting was to continue the discussion of the proposed CDBG allocation programs. Jon Hunt then briefly reviewed proposed activities. He noted that the proposed dollar allocation was based on the assumption that there would be no further cutbacks for 1987. He noted that if cutbacks would take place that they would be dealt with at that time. He further noted that there should be a correction in the Bureau of Housing Program' s Line A-6 . He indicated that currently there is $392,000 and an additional $250, 000 of reprogramed money for a total of $642,000. He again indicated that this is the first budget that would have no funding for curbed sidewalks and park projects. He indicated that this is the second year that there is a 10% reduction in public service activities. He again stressed that the reality of the decline of Federal funds was severely impacting the budget procedure. Councilman Braboy voiced concern with regard to how such projects would be funded and a substantial period of time was spent on this topic. Councilman Voorde noted that with regard to public works projects that there could be possible funding sources from other areas however, housing and public service activities must be a priority with . regard to CDGB activities. He also voiced concern with regard to the change in laws with regard to IRB' s (Industria.l Revenue Bonds) . Mr. Hunt indicated that South Bend had been one of the leaders throughout the nation and that basically only manufacturing would qualify. He further indicated that the 2% limit on bonding would not affect TIF projects. If further reductions would take place such as 7-1/2 to 8% this would be an additional cut of $65,000 would have to be realized and if real estates sales would not materialize this would result in an additional cut of $86,000. Such cuts, if they would become a reality would take place in the middle of the second quarter. /R.[ .R[.. rU•t1•NIN0 CO.