01-26-98 Community & Ecocomic Development

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t Y 4 y VV 7/m Reif Community and Economic Development Committee .9O• di* G°OWW1& ( WW1 g(Me' 6k, eJOUt/r. Sr i!• The January 26, 1998 meeting of the Community and Economic Development Committee was called to order by its Chairperson, Council Member Roland Kelly at 5:05 p.m. in the Council informal meeting room. Persons in attendance included Council Members: Aranowski, Pfeifer, Kelly, Broden, Varner, Ujdak, Coleman, Hosinski, Sniadecki; Sue Hodgson, Bob Luann, Jon Hunt, Mike Beitzinger, Terry Bland, Laura Smith, Ed Levy, Mike Dobson, Dick Best, Kim Rybicki,Jack Hickey,Jackie Roelke,John Chrisman, and Kathleen Cekanski-Farrand. Council Member Kelly noted that the first item on the agenda was to review Bill No. 10-98 which would appropriate$2.4 million dollars of Section 108 loan funds. Beth Leonard, Director of Financial and Program Management for the Community and Economic Development Department, made the presentation. She noted that $150,000 would be for the rehabilitation of the Center for the Homeless, 450,000 would be for the construction of an addition to the LaSalle Park Recreation Center and the remaining$1.8 million would be for downtown redevelopment activities. She noted that the Center for the Homeless and the LaSalle Park improvements would be repaid from CDBG and that the downtown development would be repaid from TIF, EDIT or Civil City Funds. It was noted that the 108 loan monies have not been approved at this point by the Federal Government. Council Member Broden requested a background summary of 108 loans. Beth Leonard noted that it was established in 1974 by the Federal Government. Monies are requested each year with the city guaranteeing that they will repay such monies from Block Grant Funds. In response to a question raised by Council Member Varner, it was noted that repayment would take place over a twelve year period,with staggered payments being made. Council Member Ujdak questioned several items, beginning with the Hardee's property. He questioned whether there was a primary developer for this property. Mr. Hunt stated that they would have to go through the public bidding process with all potential developers. He has had discussions with potential bidders on this parcel. Council Member Ujdak questioned if he could identify publicly the proposed developers and was advised that he could not do that publicly,but would updated him privately. Council Member Ujdak why the Hardee block was proposed as opposed to the Monroe Michigan area where Fat Daddy's is located. Mr.Hunt noted that a Real Estate strategy team was established approximately one and one half years ago. They prioritized that class A office space is needed and that approximately 15 blocks should be densely developed. He also noted that densely developed class A