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CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – December 12, 2024 <br /> <br />6 <br /> <br />open to other opportunities and Attorney Weiss stated that we have 30 <br />days to terminate the agreement. <br /> <br />Upon a motion by David Relos for approval, seconded by Eli Wax, the <br />motion carried unanimously; the Commission approved the First <br />Amendment to the Lease Agreement as presented on December 12, <br />2024. <br /> <br />7. Public Hearing (TIF Area Expansion) <br /> <br />Chris Dressel, Senior Planner, presented all three (3) Public Hearings <br />and Resolutions together and they were moved to proceed agenda <br />item 5A1. Mr. Dressel presented the schedule that the process went <br />through; October 24, RDC Declaratory Resolution approved, <br />November 18, SB Plan Commission Declaratory Resolution approved, <br />November 25, Common Council Declaratory Resolution approved, <br />November 26, Notification letters sent to all property owners, <br />November 29, a Public Hearings Notice Published, December 10-11, <br />Public Informational meets held, and December 12 RDC confirming <br />Resolutions with written remonstrance deadline. Mr. Dressel reviewed, <br />what is a TIF, how a TIF works, as well as the infrastructure that have <br />benefited by TIF improvements both public and private. Mr. Dressel <br />explained why TIF districts are adjusted and also reviewed the <br />proposed expansion areas including the River West, River East and <br />South Side districts. He stated that, the City is not actively trying to <br />acquire the property, however, it enables the City to have greater <br />flexibility in the negotiation process later. Mr. Dressel stated that the <br />TIF districts had an overhaul and development plan back in 2019 as <br />well as a financial impact analysis conducted by Baker Tilly. Mr. <br />Dressel explained the public engagement summary of 196 mailings <br />and/or notifications with 81 website visits, 12 calls/emails, 4 meeting <br />attendees, and no 1 in-person visits. <br /> <br />Commissioner Eli Wax wanted to clarify that this doesn’t increase <br />residents’ taxes, it captures an increase in taxes and is kept locally to <br />improved neighborhoods with redevelopment project opportunities and <br />doesn’t change any owners’ rights. Commissioner Wax also stated that <br />the City is not planning on developing condos at Rum Village park, <br />these dollars are for park improvements in the future. Mr. Dressel <br />stated that potential property acquisition would always be based on a <br />willing owner and not via eminent domain. Danielle Campbell Weiss, <br />Assistant City Attorney, stated that the RDC does not have that power. <br /> <br />Vice President Relos explained that expanding the boundaries now <br />makes efforts later much easier so that we don’t have to go through all <br />of the steps for one property. Ms. Weiss also stated that the name,