Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting –February 6, 2009 <br /> <br /> <br />There was no business in the West Washington- <br />Chapin Development Area. <br /> <br /> <br /> G. South Side Development Area <br /> <br /> <br /> <br />There was no business in the South Side <br />Development Area. <br /> <br /> <br /> H. Northeast Neighborhood Development Area <br /> <br /> <br /> <br />There was no business in the Northeast <br />Neighborhood Development Area. <br /> <br /> <br />I. Douglas Road Economic Development Area <br /> <br /> <br />(1) Reimbursement Agreement with Holladay <br />Corporation <br /> <br />Mr. Meteiver noted that in the fall of 2005 <br />city officials met with representatives from <br />Holladay Properties to discuss development <br />opportunities along Douglas Road between <br />State Road 23 and the Mishawaka city limits. <br />Although it is at the outer edges of the city, <br />the development proposed for this small <br />corridor has good potential for growth and <br />increased revenue for the City of South <br />Bend. <br /> <br />As part of the conversation with Holladay <br />Properties, a decision was made by city <br />officials to participate in a reimbursement <br />agreement to cover upfront costs that would <br />be temporarily absorbed by Holladay for <br />road design and right-of-way acquisition. <br />The purpose was to expedite the road <br />reconstruction project. <br /> <br />On February 17, 2006, the Redevelopment <br />Commission established the Douglas Road <br />Economic Development Area to aid in the <br />development of this area and to generate <br /> 14 <br /> <br />