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South Bend Redevelopment Commission Regular Meeting – November 10, 2022 <br />Commissioner Wax states from a legal perspective assuming there is a first <br />mortgage or a second or third mortgage, by time all the legal expenses are tacked <br />onto the mortgage nothing really gets paid. While he agrees with the sentiment <br />that people should not just be able to get away with nonpayment, he does agree <br />with a PR standpoint and practical reasons that it is not in the city’s best interest to <br />pursue these types of loans. <br />Mr. Bauer states that is why we bring the mortgage releases to the Commission <br />only when there is a zero balance or there is a sale of property to clear the lien. <br />Mr. Barrett states the city has five core values that appear in most documents. <br />We’ve heard about innovation, excellence, and empowerment, and what about <br />accountability. He states one of his themes is accountability. Short of foreclosure <br />there are alternate remedies such as public shaming and listing those properties. <br />He is asking us to think about accountability. <br />Commissioner Wax asked the feasibility of the Commission getting a list of these <br />properties in the next few months. <br />Upon a motion by Secretary Warner, seconded by Commissioner Wax the <br />motion carried unanimously, the Commission approved Mortgage Release <br />(Richie Jr and Garrett) submitted on Thursday, November 10, 2022. <br />2.Mortgage Release (Gammage) <br />Ms. Huddleston presented a Mortgage Release (Gammage). Ms. Gammage has <br />paid the balance on her loan and has now sold her home. She is asking for <br />Commission approval of a mortgage release. <br />Upon a motion by Secretary Warner, seconded by Commissioner Wax, the <br />motion carried unanimously, the Commission approved the Mortgage Release <br />(Gammage) submitted on Thursday, November 10, 2022. <br />3.Third Amendment to Redevelopment Supervisory Services Agreement <br />Mr. Bauer presented the Third Amendment to the Redevelopment Supervisory <br />Services Agreement. This is the standard three-year supervisory services <br />agreement for staff from DCI who primarily serve the Redevelopment Commission <br />to ask for a portion of their salaries funded through TIF. This is for the Executive <br />Director, Director of Growth and Opportunity and Property Development Manager. <br />This covers 1/3 of the Executive Director salary, and ½ of each of the other <br />salaries. This is not in addition to their salaries. Commission approval is <br />requested. <br />Mr. Barrett, a resident asked about the structure with BPW is it a separate entity or <br />together. <br />Mr. Bauer states they are separate entities. <br />It was noted that the Redevelopment Commission is a volunteer commission that <br />receives no payment.