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South Bend Redevelopment Commission Regular Meeting – November 10, 2022 <br />Jeff Jarnecke, Executive Director of Business Development Visit South <br />Bend/Mishawaka @ 101 N Michigan Street Suite 300. He stated that he was <br />representing the 5.3M visitors that come though St. Joseph County each year and <br />spend more that $700 million. The result of that is more than 8,300 jobs in <br />tourism within the county. He stated that tourism for Visit South Bend/Mishawaka <br />is all about the experience and that experience is better with this project from Mr. <br />Tarner which is indeed different. It's an experience for the senses and will be a <br />year-round product offer. He compared this project to the Fair Oaks farms just out <br />of Crown Point and states that the development has brought in more than 500,000 <br />visitors annually to that area, including 120,000 individuals who participate in <br />those activities which has resulted in numerous restaurants and two hotels. <br />Mr. Jarnecke states that these opportunities with an Agri business work. Mr. <br />Jarnecke noted that Mr. Tarner is a proven business leader within our community <br />that we support including this initiative. He notes that Mr. Tarner supports South <br />Bend and takes his brand around the country to further support what we do here in <br />South Bend/Mishawaka. We appreciate his support and working with Mr. Tarner <br />and his team to promote this and to help finish this facility. Mr. Jarnecke and his <br />team encourages the Commission support. <br />Upon a motion by Secretary Warner, seconded by Commissioner Sallie, the <br />motion carried unanimously, the Commission Resolution No. 3563 (South Bend <br />RDC Additional Appropriation Resolution) submitted on Thursday, November <br />10, 2022. <br />A.Other <br />1.Mortgage Release (Richie Jr and Garrett) <br />Ms. Huddleston, Neighborhoods Grant Manager presented a Mortgage Release <br />(Richie Jr and Garrett). They were entered into the home repair program in 1999. <br />Their loan has zero balance and are refinancing their home. They are asking the <br />Commission to approve their mortgage release. <br />Ms. Huddleston notes for those not familiar with the mortgage releases; the city <br />had home repair programs in the past that assisted residents of certain income <br />levels with much needed repairs. Once paid in full as mortgage release is <br />necessary to release any liens on the properties. <br />Mr. Barrett, a resident, asks how many of these loans are there? What was the <br />terms of the loan? Is the city doing anything about the loans that are not current? <br />Ms. Huddleston notes these are old home repair programs with approximately 20 <br />outstanding loans. Not all are current on their payments. <br />Mr. Bauer stated that the reason the city moved away from the programs is we did <br />not want to potentially take ownership of primary residence homes. This puts us <br />in a difficult position as city government. There would be a lien placed against the <br />homes for nonpayment.