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OFFICE OF THE CITY CLERK
KAREEMAH FOWLER,CITY CLERK
COMMUNITY INVESTMENT JUNE 26, 2017 4:33 P.M.
Committee Members Present: Regina Williams-Preston, Oliver Davis, Paul Tipps (citizen
member), Will Smith(citizen member)
Committee Members Absent: Gavin Ferlic, Randy Kelly
Other Council Present: Tim Scott,Jo M. Broden, John Voorde, Karen White
Other Council Absent: Dr. David Varner
Others Present: Kareemah Fowler, Graham Sparks, Bob Palmer, Aladean
DeRose
Presenters: Beth Leonard Inks
Agenda: Bill No. 17-34-Douglas TIF Release
Committee Vice Chair Regina Williams-Preston called to order the Community Investment
Committee meeting at 4:33 p.m. She introduced members of the committee and proceeded to
give the floor to the presenters.
Bill No. 17-34-Douglas TIF Release
Beth Leonard Inks, Community Investment with offices on the 140' floor of the County-City
Building, stated, This resolution verifies the Council's awareness of the release of the Douglas
Road TIF. We expect to receive approximately $345,000 this year. We have $180,000 in debt
left and then we will be able to close that particular TIF. We aren't ready to close it yet until we
get the debt paid off. We don't see a reason to need it for next year, but of course it is not ready
to close. We hope to by next year, close the TIF and have the debt be gone. We only have $7,000
in the account right now. We expect the tax distribution to be deposited any day. We don't know
what that is going to be. Last year it was $200,000 but until we get it, we are not sure. Any
excess funds will be deliberated with. That has not yet ever happened.
Committee Vice Chair Williams-Preston opened the floor to questions or comments from the
Committee or Council. There were none. She then opened the floor to members of the public
wishing to speak in favor of or in opposition to this legislation.
455 County-City Building-227 W.Jefferson Boulevard•South Bend,Indiana 46601
Phone 574-235-9221 •Fax 574-235-9173•TDD 574-235-5567•www.SouthBendIN.gov
JENNIFER M.COFFMAN ALKEYNA M.ALDRIDGE JOSEPH MOLNAR
CHIEF DEPUTY/DIRECTOR OF DEPUTY/DIRECTOR OF POLICY ORDINANCE VIOLATION CLERK
OPERATIONS
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Sue Kesim, 4022 Kennedy Drive, stated, I'm a big solar proponent. I'm wondering if TIF dollars
could be used for solar projects on a business.
Ms. Inks replied, We would have to look into it and where exactly it would happen. It is a
possibility though.
Committee Vice Chair Williams-Preston turned the floor back to the Committee for further
discussion or main motions.
Committeemember Will Smith made a motion to send Bill No. 17-34 to the full Council with a
favorable recommendation. Committeemember Paul Tipps seconded the motion which carried
unanimously by a voice vote of four(4) ayes.
With no other business, Committee Vice Chair Williams-Preston adjourned the Community
Investment Committee meeting at 4:37 p.m.
Respectfully bmitted, /
Re na Williams-Preston, Vice Chairperson
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