04-11-94 Community & Economci Development

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tommittut Zeport COMMUNITY AND ECONOMIC DEVELOPMENT COMMITTEE o tbt Common touttal of tbt City of §outb Istntr: The April 11, 1994 meeting of the Community and Economic Development Committee was called to order by its Chairperson, Councilmember Roland Kelly at 5:10 p.m. in the Council Informal Meeting Room. Persons in attendance included Councilmembers Luecke, Washington, Kelly, Puzzello, Slavinskas, Zakrzewski, Coleman, Duda, and Ladewski; Jon Hunt, Jenny Pitts Manier, Marsha Townsend, Larry Dunville, Don Porter, Ernest Szarwark,Mike Beitzinger, and Kathleen Cekanski-Farrand. The first item on the agenda was to review Bill No. 35-94 which is a Bill amending section 2-151 which would designate Economic Development target areas. Jenny Pitts Manier made the presentation. She noted that this would incorporate a new legal description for Economic Development Target Areas. Councilmember Luecke noted that the designation would take the legal boundary all the way to Mayflower. Following further discussion, Councilmember Slavinskas made a motion, seconded by Councilmember Luecke, that Bill No. 35-94 be recommended favorably to Council. The motion passed. The Committee then reviewed Substitute Bill No. 36-94 would appropriate $639,448.00 from Community Development Block Grant Funds. Mr. Jon Hunt made the presentation. He noted that the Substitute Bill was needed in order to change project No. for the Cushing Street Housing Projects. He then described the seven (7) community development programs listed in the Bill in greater detail. Following further discussion, Councilmember Slavinskas made a motion, seconded by Councilmember Luecke, that Substitute Bill No. 36-94 be recommended favorably to Council. The motion passed. Mr. Hunt also reviewed the handouts (copy attached) entitled 1994 Reprogramming Ordinance as a part of the last presentation. The Committee then reviewed Bill No. 37-94 which would transfer $438,344.00 among various accounts within the department of Community and Economic Development. Mr. Hunt reviewed each of the line item details which will be reduced and also those which would be increased. Following further discussion, Councilmember Slavinskas made a motion, seconded by Councilmember Ladewski, that Bill No. 37-94 be recommended favorably to Council. The motion passed. The Committee then reviewed Bill 38-94 which would appropriate $37,500.00 from the Economic Development State Grant Fund for the purposes of funding a microloan program. Mr.Hunt noted that the maximum loan that would be involved would be $25,000.00. The appropriation would be used to leverage $37,500.00 from the City of Mishawaka $25,000.00 from local financial institutions, and $100,000.00 from the State of Indiana. The microloan program is aimed at