2 Minutes 5-9-13 Meeting - Laserfiche WebLink

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South Bend Redevelopment Commission Regular Meeting —May 9, 2013 6. NEW BUSINESS A. South Bend Central Development Area (1) continued... Mr. Inks noted that the Medical TIF District was created to allow the tax dollars generated by Memorial's campus expansion to be rolled into infrastructure improvements in that area for fifteen years. Memorial was landlocked. They needed street reconfiguration in order to grow. There is a development agreement that lays out all the expectations and promises on both sides. Ms. Schey noted that her concern is that she doesn't want the city to be in the position of having to pay to keep a business in the city. Mr. Relos noted that every situation is looked at separately. Mr. Varner noted that after 2015 the TIF will be dissolved and the tax revenue will be divided between the various jurisdictions. He would be concerned if Memorial asked for the TIF district to be extended. The tax revenues cannot forever be dedicated for the private use of one company. Mr. Downes noted that it may depend on what their future expansion plans are. All of the work that has been done isn't just for the benefit of Memorial. It's for the benefit for the City of South Bend and all its citizens who use Memorial. It is a better place to go because of the improvements that have been made. Mr. Relos noted that Memorial has been a tremendous partner, not just to the city, but all over. They partnered with St. Joseph Hospital in opening a satellite office in the LaSalle Square Physicians Clinic. Memorial also reopened the Madison Center Clinic. Memorial contributes to the sponsorship of almost all the big events downtown. If this were just Memorial Hospital asking for help on a parking lot and making no other commitments, the outcome would be different. The commitments they've done far outweigh the help that the Redevelopment Commission has given them. Mr. Downes made a motion to approve Resolution No. 3135 approving and authorizing the execution of an Addendum to the Master Agency Agreement (Memorial Parking Phase 3B Project). Mr. Inks seconded. The motion carried on a vote of four to one. Ms. Schey was opposed. B. Airport Economic Development Area (1) FIrst Amendment to Development Agreement with Union Station Properties, LP for the Renaissance District project.