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HomeMy WebLinkAbout05-08-07 Redevelopment Commission MinutesSOUTH BEND REDEVELOPMENT COMMISSION RESCHEDULED REGULAR MEETING May 8, 2007 "' Floor COL111ty City Building 10-00 a.m. 227 West Jefferson Boulevard Presiding: Marcia 1. Jones, President South Bend, Indiana 1. ROLL CALL Members Present: Members Absent Legal Counsel: Ms. Marcia Jones,, President Mr. Karl King, Vice President Mr. Greg Downes, Secretary Mr. den Peezkoski Mr. Hardie l la.l e, Jr. Mr. Charles S. Leone, Esq. Redevelopment Staff: Mr. Don Inks, Director Mrs. Cberyl Phipps, Recor li n e rotary ID i .1 Economic Development Specialist Mr, l , Mr. Andrew Laurent,, Economic Development Specialist Ms. Ann Kolata, Senior Economic Development Specialist. Mr. Nicholas Wit wen, Economic Development Specialist Mr. Robert Mathia, Senior Economic Development Specialist Others Present: Mayor Stephen J. Luecke M. Mikki lobki, Mayor's Office Mr. Tom Price, Mayor's office Mr. Jlry Gibney, Exec. Director Ms. Jamie Loo, South Bend Tribune Ms. Rita Kopala Nis. Glendal ae Hemandez Ms. Linda Wolfson Mr. Marco Mariam, Downtown South Bend Ms. Jamie Wade, CB Richard 'Ellis Ms. Autumn Acrgeler, CB Richard Ellis Mr. Richard Hill, Baker & Daniels Ms. Deborah Locsi, Baker & Daniels Mr. John Sellers, Program Analyst Ms. I ebrah Jennings, Property Manager M . 'Brooke Cannoot, l ban antari Mr. Erie Abarburiell Mr. E11hu Feustel Mr. Shawn Tod d Ms. Cathy Catlin South Bend Redevelopment Commissloll eschedUled Re War Meeting .-May 8, 200 2. APPROVAL of Ml NurE A. Approval of Mintites of the Regular Meeting of Friday, April 20, 2007. Mr. Pee l o vsl i noted that on pcy 12 of the i inutcs the motion was made with reference made to discussion in Executive Session, yet there is 110 clarification as to what was said in Executive Session. In cases of attcmpting to documcnt what was said and what was exactly part of that motion', that I s not included. Mr. Pee ko 'ski stated that either the Commission Is lid violation of its bylaws as to what can be di CUSSCd ill Executive Session under I. C. 5-14-1.5-6. 1. or what was said ill Executive Session needs to be Included. I anybody needs to do research on this l articul6ar topic, there's nothing g to go back to. Mr. Pec l o vski surmised that no notes or .record ino of the conversation In ExeCLItIVC Session. So, if things do come up where the Commission has a discussion in Executive Session and it's referred to in the regular meeting, we Bleed to have it referent.. Ms.. ones asked Ms. Phipps to review the tapes to see if there was anything on the tape. If not, them maybe there was no ov rsi ght in not mentioning exactly what we said iii Executive Session. Mr. Pec ko vs i stated that the Commission shouldn't waste its time at the regular meeting going over the sane material that it has discussed in Executive Session. Mr. Pec l owsl i moved that the Minutes be amended to include that which was said in the Executive Session. Mr. Leone noted that the motion at the April 20 meeting was Mr. Pce o l is motion. He suggested that 1f .Mr_ Peczkowski had specifics language how that motion should be revised in the minutes, he could provide that to Ms. Phipps. Mr. Leone stated that the Commission will review the addition at its next meeting. 2 otith Bend Redevelopment Commission esehe l fled Regular Meeting —May 8, 2007 2. APPROVAI, of MINUTES (CO NT.) A. continued... Mr. Peczkowski questioned whether I. C. 5-14-1.5- 6 . allows the disotrsslon of the TJX proposal that came Grp at the last Executive Sessioll because the law says that "the purchase or lease of real property by the goveming body tip to the time of contract or option to purchase or lease is executed by t he parties." Mr. Pee kowsl l noted that the contract is already 117. place. .'ommis- sioners were discussing an a.mcndn ent to an existing contract. That seems to fall outside the pLirv]eW of an Executive Session. The Commission was actually in violat'on cad its own bylaws. Mr. Leone rioted that it isn't the Commission's bylaws that have been. .referred to In the cite, bUt the redevelopment statute in the Indiana Code. l • e offered to look at the law and its interpretations. The Commission had a i- equest to amend a Contract for the Sale of Lard which has to do with the AJ Wright pro eet, T X `or panies, 'fne. Mr. Leone felt that the intent of the statute is to coves those natters that are related to ongoing development. He didn't believe it would be react quite as naiTo ly as Mr. Peczkowski suggested. He offered to take a look at to law and its interpretations. Mr. King made a motion that the Minutes of the April 20, 2007 meeting be approved as presented, plus are appropriate amendment ent to include Mr. Pee r o vsk.i's wording from the .Executive Session. Mr. Downes seconded the lotion. The Commission approved the Minutes of the .l egUlar Meeting of Friday, April 20, 2007 with Mr. Pee kowsf is amendment. 3 RF_(i(._11._AR MEETING OF FRIDAY, At>izji.1 203 2007 W 114-1 MR. PECZKOWSKI's AMFNDMFN r Guth Beiid Redevelopment Commissioll ReschedUled RC Ular M.eetYn g —May , 07 3. APPROVAI, OF CLAIMS Redevelopment Commission Claims submitted May 8, 2007 for approval- 324 AIRPORT AEDA Boswell Golf Design, Inc. 1,600-00 41.4 SAMPLE EW'ING GENERAL Ml .o aje sl 1 & Associates, Inc. 842.85 420 FUND TIF DISTRICT-SBCDA GENERAL Rose Pest SOILM011S 90.00 Indianan Michigan Power 367.40 AT&T 32.00 I P .' _ South Bend v atcr Works 9. CB Rlch'.trd Ellis 1 � f 58.4 i Anipco Svsteni Parking 816. 428 FUND AIRPORT 2003 BOND DLZ 3,735.25 619 FUND BLACKTHORN Meadowbrook Golf Group Inc. J)00.0 17,585.24 Upon a motion by Mr. Downes, seconded by Mr. King and unanimously carried, the Commission approved the Claims submitted May 8, 2007, and ordered checks to be released. 4. COMM'UNICATIONS There were iio Communi eations. 5. OLD BUSINESS There was no Old Business. 4 COMMISSION APPROVLI) 1-HE CLAIMS sURM[TT 1) MAY 9 , 2007, A N F) 0RDF_ RF~I DTI .1 13H RF-11"'ASED T F =� +[`R1__ NO :ONIMIJNIC:ATIO S THERE. WAS NO 1_[) BUSINESS South Bend ede�,e1opn -ic nt Con-in-ilssiorl Rescheduled l e LIlar 'Meetin ._....May 8, 2007 6. NEW BUSINESS A. Receipt of Bids Receipt of Bids for property in the South Bend Central Development Area. v W and ADJ 312 East 1,aSall a Street, Commerce Center) Mr. In s noted that there were no bids 'NO BID WF_RF R1_v CFJV FD received by the 1.0,00 a.m. deadline. ' 'ax 'I'ax Abatements Commission approval requested for Resolution No. 2333 approving an application for real property tax deduction for property located at 202 S. Michigan St. in the South Bend Central Development Area. (Key S , IAX, the Hinman Company) Mr. Mathia gave the staff report on the project. The proposed rehabilitation project will include interior office space remodeling and exterior renovation to the Key Tower ffinldinu as well as renovation to the adjacent Plaza Courtyard. The office space reniodeling will include the build-out o 32,952 s . ft. on the f It", 12t", 13t" and 14"' floors for the new tenant, Baler & Daniels. It will also include the build -out of 3,300 sq. ft. of office space on the "' floor, necessary to relocate the tenant, Stif:. el, ' ieolaus Company, for the Baker & Daniels move -in. Finally., the ground floor lobby of'the bL111d111g will be renovated to provide additional and improved entry space. Exterior renovation will include installation of the new "Key Bank" and "Baker & Daniels, LLC" si nage near the top of the building, the addition of fi de and coloring 5 South Bernd Redevelopment Con-milssioll Rescheduled RC War Meeting - May 8, oo 6. NEW BUSINESS (CONT.) B. Tax Abatements (1) ti ... to the building and installation of an awnin on the north side of the building. The Plaza Courtyard will be improved by adding green space. These renovations are all necessary to briny the Ivey Tourer l .ildin to Class "A" office space and nia e it possible :" or Baker & Daniels to be a Ion. term tenant in the downtown so .Ith Bend Building. Mr. . M a.thi a noted that two bUilding Permits (valUed at ,000) have been i sucd .for a. portion of the renovation work out of the total cost of $ 5,9 11680. That wok..is ineligible -f=or tax abatcnient; however, the applicant is requesting the Redevelopment Commission approve the abatement application with this work included in order to allow it to brina the total prod ect before the Lt� Common Council for eonsiderafto . Total investment in the project will be $5,951, 80. Total taxes to be abated during the tcn year abatement period are estniiat.e l at 51,01 M8 . Total taxes to be paid during the tern year abatement period are estimated at l ,0301796. If the waiver is not approved by the Common Council, taxes to be abated durijig the ten year period are estimated at $929,408. Total taxes to he paid dUring that ten year period w1thout the waiver are sti matcd at $948, 182. It is est lni.ated that the total project will create four new, permanent, full-time jobs in the first year of operation representing a new annual payroll of $406,000. The project 6 Sout h Bend l edevelopnient Coiiimissioll Rescheduled e ular Mecti n ....May 8, 2007 6. NEW BUSINESS ONT. B. Tax Abatements (1) continued... will also maintain 1 s 1r , p nnanent f 11 -tinic jobs representing an annual payroll of $2,986,470. The Hinman `on pay y has received no p re v i o l_ I s '1 h ,-i e III I I t_ rl-' he property is properly zoned for the proposed. it proveni.ents. The property is located in the South Bend Ceiitrcal Development Area, which is a]-'ax Increnie nt Allocation Area; therefore, the pennon tOr real property tax deduction. must -first be approved. by the South Bend Redevelopment Commission. Mr. Pccz o wsl:i Doted that the pulling of building permits prior to the abatcnient bein approved indicates that the project would be completed whether or not abatement is anted. All of the public benefit points that come to shape our policy one cyrantin abatements mean nothI11 as we've seen in the TJ Maxx/AJ W ri ah t IISSUC. 1.f the pro�iccts don't live up to promises., we just renegotiate as they don't happen. The project will happen whether or not the City grants abatement. Mr. Pee ko vsl i stated that the Commission needs to staft weaning developers frorn expecting these types of sweeteners to happen on a .regUlar basis. Mr. Hill noted that Baker & Daniels has signed a fifteen year lease. The lease d.id request that the building owner file an abatement petition. .faker & Daniels' investment in both construction and equipment will be just under $4M. Mr. Hill 7 South Bend Redevelopment Conin -i i ssi on eschedLiled Regular Meeting ----May 8, 20 6. NEW BUSINESS SS '0 8 B. Tax Abatements (1) continued... oted that whether the abatement is granted or not affects the square footage rental amount under the lease. Baler & Daniels anticipates during the June 200 constructi.on period there will be 50-60 construction jobs, involvino, approximately ten local subcontractors. It's a very significant constnicti on protect. The project is ve -' si ifie -ant to Baker & Daniels becaLIsc Wit]IOUt it fliev were wonderiny if they'd be able to meet their 01TA.Ce p Ic e needs in downtown South Bend. They are happy to be involved in the overall renovation project and to be able to keep their offices in downtown South Bend. Mr. Mathia e plalned the reason the one building permit was p klled and the project completed is that C'B Richard Ellis was occupying the 9`11 floor space where Stiffle, Nicolaus and Compaiiy was to relocate to male room for Bakcr & Daniels. CB .diehard Ellis had to move quickly to make room for Stiffle, Nicolaus and Company. 1. Wade noted that the abatement affects the entire bulldinor. The landlord intends to bring the entire building up to Class A office while maintaining competitive pricing to reduce the risk of Current tenants relocating. The abatement would help keep the lease rate competitive for the remaining tenants. Mr. Peczkowski asked if it is the business of ove meat to make the landlord competitive. GIs. Wade acknowledged that it South en d Redevelopment opment Commission eschcduled Re ular Meeting .- -.May 8, o 6. NEW BUSINESS (CONT.) B. Tax Abatements (1) continued... is not. Mr. King noted that the requirement that tax abatement be approved before a bUildin permit is pulled is not a statutory regUirem ent, but a policy of the C onin-ion Council. Therefore, the Council can. choose to waive its own policy. In approving this re so lutioz , the Commission would be say.1110 that, except for the L111din permits issued, this is a project that qualifies -for tax abatement. 'He noted that the 'ouncil has waived that poficy ill the past. Mr. Downes jade a motion to approve Resolution Igo. 2333 approving, are application for real property tax deduction for property located at 202 S. Michigan St. ill the South Bend Central Development Area.. (Key SB, LLC, the Hinman Company). Mr. King seconded the motion. The vote was th. ee to one with Mr. Peczl ows i opposed. C. Sout h Bend Central Development Area (1) approval requested for Agreement for Services by and between the City of South Bend, Indiana and Downtown South Bend, Inc. Mr. Inks asked that Item . `. t be tabled Chit the May 18 meeting. A draft of the item was circulated for review by all parties. "here are still several questions that have not been addressed in a final. document. A. meeting has been scheduled to work through 9 COMMISSION APPROVr-D Rr-'soi-tj-rioN No, 1),)_:) APPROVI Gi AN APPLICA"HON FOR I FAL L- OCATE -D x 202 S. M ICI IIGAN S`[-. IN 1111.` Ki - "Y S B, LLC1 41 -1E H IN MAN OMPA NIY . SOLIth Beiid l e developinent 'on- mission Rescheduled Regular Meetin - -. -- -May ,x.007 6. NEW RUSINESS (CO NT.) C. South Bend Central Development Area (1) continued... the isUes. Upon a motion by Mr. King, seeonded b y "FABI-ED Mr. Downes and unanimously carried, the C"ommisslon. tabled Item 6.C.(I) 2 Commission approval requested for 1,ease by and between the South Bend U Redevelopment Commission and hanwantari, In e. .fir. h*s noted that this is the Yoga business 1110ving into a previously vacant space: M the Michigan Street Slops. At its April iiicetlng the Commission. approved a Letter of Intent subject to the na i� or the protect being put into place. This lease follows the terms of that Letter of Intent. The financing has been approved by the bank. Mr Pec ko vsl i noted that the lease doesn't seen to specify how much the taxes are, what the CAM fees are, etc. as part of the additional gent charges. Ms. Aggeler responded that the estimated CAM is $3.91 ft , including the estimated taxes. Mr. Peczkowski also pointed OUt an. apparent mistake on page 5, point 5.4 (a). "As of the Effective Date, Tenant's Pro Rata Share with respect to expenses allocable to the entire Buildin,cy is that ratio or is ten and one half percent (9.6%)." He asked whether ten and a half percent is correct, or nine and six tenths percent is correct. All agreed it should be 10 SoLlth Bend Redevelopment Commissioll Re chedUled Re -- Meeting - -1 May , 007 . NEW BUSINESS (CON T.) C. South Bend Central Development Area continued... 9.6% because the math results in 9.6%. Upon a .motion by Mr. King, seconded by Mr. Downes, the Conimi.ssion approved the Lease by and between the South Bend Redevc1opment Commission. and Dhanwantarl, Inc., as corrected. (3) Commission approval requested for pr oposal for planning services. Mr, Gibney noted that the city solicited a [)ropos�il.fi-oi-i.i.Hollaclay Corporation for a proposed a planning uiltiative which will CLIhni ate in a development strategy for the East Bank propert.ies that are hard surfaced properties or Linder developed propertIcs. Examples of properties that will he central to this plan are the former Rink site, the Wharf site, and the Transpo site. The plan will be geographically speclf:le. In Phase 1 it will be from Jefferson St. north to LaSalle and cast to Hill St.; Phase will be Jefferson St. east to the Tran po site and n.elghborhood. This is a smaller target area than some of the previous planning initiatives for the East Bank. Others have been all the way east to Eddy St. The plan will include a professional planning f mi, yet to be identified, although the proposal lists four potential planning firs. The planning period will be three months, to be completed in September 2007. There are a fair number of docun -rents that have been created previously, particularly documents that have been that created visi.o . statements for the East Bank. All the If oLlth Bend Redevelopivent Commlssloll Re ch duled e Ular Meeting tins ...May , 2007 . NEW SINES ONT. C. South Bead Central Development Area (3) continued... documents wl. Ich have been created to date will be available to the planning :frrrii which Holladay World hire. Mr. Gibney noted that Holladay Corporation will provide its services to lead the planning process at no cliarcy. The East Bank property owners will be invited. Anyone ownin. g property in the East Ball 111av 1),. _ ic1 ate in a two - and -a.- a.l f day charrette in late .1 oily or early AugUS . Mr. Gibney stressed that n arl et bility of the plan will be stUdied art all steps of the process. "Flic plan will. be based on sound local. real estate v al Lze . In the past. we have had some proposals fior development of these sites that were dynamic and dramatic, but didn't necessarily reference the real estate market. Mr. Inks noted that staff 1s requesting aUthOrization to proceed with drafting a very speeI fi proposal for- thes services. Staff OUld bring the completed proposal back to the Commission for consideration. The estimated cost of the e n - ltant planning firm is in the range of $30,000-50,000. These funds would come from the downtown TI F. Mr. Peczkowski noted that in the Holladay letter it says that meetincys would be by invitation only, not public hearing type sessions. Why is that`? Mr. Gibney noted that property owners will be invited. what we're trying to do is have it 12 South Bead l . develops icnt Commission Rescheduled Re Ular Meeting .. day 8, 2007 6. NEW BUSINESS (CONS`.) C. South Bend Central Development Area (3) continued... public process, yet limit the amount of public who will be there to the property M Mr. Pee owsl i asked, then i l fthere would be only threc wvners paa .i ipa.ti� : owncrs of the Rink site, the Wharf site, and the Transpo site Mr. Gibney responded that those were a r w examples 01'_r e'11 eswte that we would like to see developed in the near futtire. Mr. pec zkowsk asked if flolla. lay isn't the major player on the former Wharf site. Mr. Gibney responded that Holladay Corporatioal. owns the Wharf site. Mr. Pee t o s i asked if Holladay owns any of the other sites`: Mr. KincT responded that they own the AM General bUilding and the 'eople.f. ink office bui 1,C41 1.x79. Mr. Pee l o s i asked just what Holladay WoUld be doin on "their nic el` " Mr. Gibney responded that Holladay wi.11 be oraanlzina the planning process, working with the city to review aDd solicit the professional planning firm, and assembling the data that has been created to date on the East Bank. Mr. Peczkowskl clLIestIoned whether Holladay would be participating in the payment of $30,000-$50,000 fee to a e011 UIt nt. Mr. Gibney responded, no, but 1 South Bend Redevelopment Commission Rescheduled RCULIlar € ecting —Mar 8, 200 6. NEW BUSINESS ONT. C. South Bend Central Development Area (3) continued... neither will they receive any of the ,o - 5 MOO. Mr. King asked if the Commission is l ein. LD asked to agree to lim.1t proposals from. the professional plannincy 1,.ir ms to those listed 1.11 the Holladay proposal. Mr. Gibney responded that those w rejUSt examples, not a definItIve list_ Mr. King g tated that dicre is li odi i my wrong with this list of firms, but lie belt there would be some local .fi.r.IIIS W110 WOLIld also be competent and should be offcre 1 a chaiiee to submit a proposal. 'Mr. Gibney acTreed. Mr. Downes made a motion to approve the concept of proposal From Holladay Corporation for planntrig services in the East Bank and authorize staff to pr eparc a more -for al contract for such services. Mr. K111 seconded the motion. The vote was four to ore, wIth. Mr..Pec l owsl .i opposed. (4) Commission approval requested for Resolution No. 2335 approving the Fair Market Value of Property in the South Bend Central Development Area. (former Enzyme l ese rch Associates) ll!t.r. Scha.11iol noted that Resolution No. 2335 sets the fair market value of the : on er Enzyme Research property at 412 & afa rette :blvd_, tax key number 18-415- 0555. The parcel is pro imately 1 8,000 sft and contains a 9,795 sft building. The 14 COMMISSION Al'PROV EH "FFI F CON( II"I' OF A PROPOSAL F'Rom HOLLADAY ~t)l l'0RA T ION FOR PI- ANNING SERVIC ES' I TFIt':' F.AS -i- BANK AND AU]"HO RIZED STAI-:F 'I -0 PREPAl L- A MORE I'-(.)RMAI.. C"ONTRACTFOR SUC` I Sl..RVICUS South Bend Re(le velopm ent Commissioll Rescheduled l c ular Mcefing .-May , 2007 6. NEW BUSINESS (COIN.) C. South Bend Central Development Area (4) continued... Property is zoned C. D. The proposed fair market value of the property is derived by averagina two independent appraisals as $267,500. Staff recommends approval. - JI:)on a niotion by MrF � Seconded by Mr. Downes and unammousl F carri.ed, the Commis ion approved Rcsolution No. 23)35 approving the Fair Market Vale of Property its the South Bend Central Developnient Ai-ca. J.-or er enzyme Research Associatcs (5) Commission approval requested for Bid Specifications and Design Considerations for property in the South Bend Central Development Area. (former Enzyme Research Associates) Mr. Schalliol. noted that the Biel Speca.fieatlons Mcll.,Ide that the enti..re site must be purchased together, as i, the building must be adaptively rc s d, and that all proposals must include a basic reuse plan and a timefine detailing aspects of the site redevelopment or site .improvements. eceipt of bids will be Jun 1, 2007 at 10:00 a. m. Upon a irotlon by Mr. Vii, seconded by Mr. Downes and unanim.ously carried, the Commission approved the Bid Specifications and De i n Considerations for property in the South Bend Central Development Area. (fomier Enzyme Research Associates) HR CC) MIMISS10N AP1'ROVr..,[: E C)1._[...1]0N 0. ? ; ,5 APPROVING - HL' a�A1R .N4AR1 .E_1. }1.1- ..�.j1:- (.)I IN '1'1-1F [_r F1.-1 B END CII-.NfT 1 .:= L - R1� A. (F RM f -1R E YM F' ESEAR(.1-1 ASsOC]A` ES COWMISSION APPROVED THE BID PE-. 'f1-{IC'A "FIONS AN[) Dt SIGN CON JM..- ,R.A1 "1O S FOR PRC)P E RTY IN T[-[E Sou "n B FN D CENT A[_. DI- vi,-,I...opm [: N -l- AR[ A. (FO RM1_;R. E NzYm RES1- AR(J-1 A. so '1AT E SOUth Bend Redevelopment Conamission l eschedLftd .C(R ar �eeti� --May , 2007 Vii. NEW BUSINESS (Cole'.) C. South Bead Central Development Are (6) Commission authorization requested to publish -the Notice of Intended Disposition of Property with publication dates of May I 1 and May 18, 2007 and Receipt of Bids to be 10:00 a.m., Julie 1., 2007. Mr. Peezkowski noted that in the past staff ells used only the South Bend 'Fribune and n-Co ant y News - or its publication of notices. .H .u. t d that readership for both is falhng. He asked if staff has considered LISHIC, Internet advertising In order to reach �i wider audience. Mr. Schalliol responded that he believed the statute stipulated teat the notification be made in published periodiccals. Nor. Pec kowskj. asked if two periodicals is �1 111111 1-1um and coUld we publish in those and other places. Mr. Levee agreed that we could advertise in more than two publications. Mr. Mks noted that in the past we Have posted in additional places if we think a site has broader appeal. We did that for the Rink site and for tt w LaSalle Hotel. "f'hc Enzyme Research site and the Art Mosaic File site are much smaller with more firm ted interest. Posting them on the Int met would probablynot generate any more interest. Ms. Jones noted that the reason. for posting 11.1 other locatives would be to increase marketability it rather than to meet statutor y re Uirement.s. Mr. Peczkowski asked if we had looked at selling SUch property on Int m t auction sites such as 1 � -Bay. Mr. King responded that 16 OLIth Bend Rede elopnient Commissioll Resche lUle :1 i �1lar e tin . - - -. a , 2007 . NEW BUSINESS ONT. C. South Bead Central Development Area (6) continued... we'd have to be careful to meet. the statutory disposition process. Mr. Leone stated that he would look into the legalities of that suss estiotl. 1 -1pon a motion by Mr. K'1110, , econded by Mr. Downes and un.anin ously carried., the Commission authorized publication l.ieation of the Notice o-f Intended i osition of Property with publication dates of May 11 and Liy 18, 2()()7 and R ec el pt of Bids to be 10-00 a_m., June 1, 2007. Commission approval requested for Resolution No. 2336 approving the Fair 1. rket Value of Property in h South Bend Central Development Area. (former Art Mosaic Tile) Mr. Schalliol noted that Resolution No. 2336 I p -o �e f the f i r - value of the Art Mosaic Tile property which consists of four parcels located at 8 17 and 903 E. Sample St. tax ley numbers 18-3037-1433, 18-3037- 1434 18-3037-1435., and 18-3037-1436. l.e pay -eel is an irregularly shaped parcel consisting of approximately 17,000 sft with. a l ,200 sft building at 81TE. Sample St. and an approximately 3,500 sft building at 903 E. Sample. lie property is zoned G1 — General Business. The -fair market value of the property ire. an " s is 11 condition has been deterniIned to he S 6 2 , 10 o as derived by averagmg two independent appraisals. Staff requests approval. 1 PLIBLIC2 "NO A -1 1 MAY 11.:' ND MAY 18, 20[ 7 ANA. i_ {I`11' ,0 F B IDs ,.F0 South Bend Redevelopment G'c mniissi.on Rescheduled ReuLllar Meeting - - - - -M a. ' 8, 2007 . N B SINE S CC T. C. South Bend Central Development Area (7) continued... Mr. Pec zkowski asked if the 21100 reflects mostly the Va.lLie of the land, since the buildings are offered "as is." Mr. Schalli.oi responded that the land and buildinas may be worth as naucli as $62, 1 . The staff had the property appraised tl i-ce wa s: '(--LS is, with one t)Llilding demolished, and as vacant land. The best W -14te was with the two buildill s standinc,. Mr. 11ec km, -\ s1: i ash cd i f it is taff' expectation that the buildings will be taken down "? Mr. Schall of responded that lice is aware of so -n-le interest in rCLUSIng the Upon a motion by Mr. Downes, seconded by Mr. ecz o sl i and unanimously carried, the Commission. approved Resolution No. -3 6 appro ina the Fai.r Market Value of Property ill the SOLIth Bend Central Development Area.. former Art Mosaic Tile) (8) Commission approval requested for Bid Specifications and Design Considerations for property in the South Bend Central Development Area. (former Art Mosaic Tile) Mr, Schalhol noted that the bid specification -s include that the entire parcel must be PUrchased; all proposals for the reuse of the disposition parcel must include a basic reuse plan for the existing buildniors and site and a project orneline detailing aspects of the site redevelopment, Bids must be received by 18 APPI (W INGT -1-1-]L'FAIR MARKET VALUE OF D EV [--,, 1-0 P M r-1N -i- ARENA. i,oi .M :ri Ai ls- MOSAW.` South Bend. l ede velopliient Coamilssioll Rescheduled l .egL ar Meeting .----May 8, 200 6. NEW BUSINESS 'ol d'. C. South Bend Central Development Area (S) continued... 10 : 00 a.in., June I, 20 07. Upon a motion by Mr. Downes, seconded by Mr. Pec l .owsl i and Unanimously carried, the Commission approved Bid Specifications and Design Con siderations for property ill the South Bend Central Dcvctopment .Area. (foriner Art Mosaic Tile) (9) Commission atiffiorization requested to publish the Notice of Intended Disposition of Property with publication dates of May I I and M v 1 ,, 2007 and Receipt of Bids to be 10:00 a. m, June 1, 2007. Upon a rnotioii by Mr. Downes, seconded by Mr. Pec l o sl 1 and unanimously carried, the Commission authorized publication of the Notice of 1nteiided Disposition of Property with publication dates of May l I and May 18, 2007 and Receipt of Bids to be 10-00 .m., Rme 1, 2007= (10) approval requested for proposal for consulting services in the South Bend Central Development Area. Mr. Schalliol. distr'buted copies of a Po erPoint presentation from the Buxton Group. The proposal from the Buxton Group is to develop a community ID study for the workplace daytime population for the Central usine '"I trice. The scope of services ill the propose defines a four step process for developing the overview of the workplace daytime population. The study being 19 C )MM1 I )N AI'l"P,('.)V I:_[) Bjl:) I' :,("If Ic:- A "I"ION . AND DES]GN DESIGN CON H-A..�R.r -ION R)R PROPERTY TY I THE SOL' -i-�i BE-NI.) CFIN'TRAL ICI-_A, (I' )I MI-{I AI ,I - M I T'II -t-=) COMMI S S 10N AUITI I() R I I'D PU!13I- ICATI( ) N 01 '1 -Iii N [)"I+Ic 0I= IN "I-I-= .NI -)I-=I D I S POS ITI0N 0 I PROPERTY WI I~I I Pi.. BLICA I ION DA FF OF MAY 11 AND MAY 18, 2007 ANI::) R FCFI In, oi., BIt s -ro E 10:00 A. M., JUN] "' 1. 2007 o Ith Bend Redevelopment Commissioll ReschedUled RC -- Meeting - -1 May s# 007 . NEW USINES (Cole'.) C. South Bend [ventral Development Area (10) continued... proposed is a supplement to the one previously supplied to the City of South Bend and the Redevelopment Commissioll by Buxton. ThepFCVIOLIS StUdy created a ten- minute drive -ti. rc analysis frorll the point: of Jefferson ffiv 1. and M'ch'oa n St. The StUdy focused in the psychographIc profile of the Community hVing Within that analysis area. This new study will foc us on the workplace/daytime pol)LILIH01-1 1111d Will provide information that gi Il be blended. to the larger study results. The cost of the proposal is $1.0,000. Staff recommends approval. Mr. King agreed that it is a cyood idea to analyze the workplace population. That is the market for downtown business. However, he doesn't see how the scope of services defined does that. The project plan and timeline don't show BLIXton determin111 the workday population in downtown Soutli Bend. It says "Provide to BLI ton all necessary community inforz .ation"' which sounds like staff would need to gather all the data and then send it to Buxton who would use it to say what retailers would match it. Mr. Scl .afliol responded that city staff will need to do a lot of front end work, as it did for the previous study. Staff would provide at the front end the "parameters, businesses., other points of contact in the downtown area." From Buxton's resources, they are able to pull in information about the specific people. 20 OLIth Bend Redevelopment `ommissioll l esel edUled ReCrular Meeting ­.May 8, 2007 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (10) continued... Mr. King responded that lie is not sure they can do that. As an example, there are 400 people working at Press Gancy. He would want Buxton to verify that there are 0 0 people who work there, where they cone from, their ale, and demo raphics. Will they be able to do that" Mr. cha-111 l responded that they w1fl. If we are going to o all the data gathering ourselves, how HILIC -11 valLie is Buxton going to upp ` Mr. Schalliol responded that as fay- as the data athenn , 01 ce Buxton has the address .for Li. person, they can do the psycho ral:)hlc pro-File of the employee base. Mr. .l Downes expressed concern that employers might not cooperate to prov.1de the information Buxton will rcquire. He asked for some assuran es that Buxton will be able to collect the information. Mr. 1'ec l o ski expressed misralvings about the Ultimate product of the study. PcT 4-6 of Buxton's proposal says they will pair LIs Lip out of the 4500 retail and restaurant profiles in their proprietary database. That loots like an Internet dating serrrxce that we're paying $10,000 for where we'll be paired up with potentlal mates for our retail district. The analogy is tnie,, especially with their proprietary software that they are claiming is on line. What Mr. Pec .o sl x bits problem with is that as with any Internet datili service, we are eventually doing to have to sell ourselves when all is said and clone. 1 South Bend I edevelopnient Coniniissio ReschedUlcd Re(JUlar Meetin —May s, 2007 6. NEW BUSINESS (CONT.) C. South Bench Central Development Area (10) continued... After all is said and done, if we recd to be handheld by these guys, they are quoting an hourly rate of $200/hr. That seems incredIbly excessive. Mr. Schalliol noted that the city has wor e (l with Buxton over several years and has not iiIeurred any additional costs. Th.cy came in for a fanta. s tic pres ent ation the other day at no east to the city. We have a very good reIatIonship w1 th them. If we nee d add 1 t I o n a I materials, if;we reed additional work, then we'd Probably look at are additional fee tRicture with the m. But at this 0.111c e1)Ve received tre-niendoes value from the initial proposal and ht- en't 111c' rred additional clare. Mr. Schalhol suggested tabling this item ill order to provide Commissioners wAb more in- Formation about how this survey WOUl.d be accomplished and what Buxton's role will be. Upon a motion by Mr. King, seconded by ITEM TABLI.r Mr. Pec l o sl i and unanimously carried, the Commission tabled . toy . 6. , io . (11) Commission approval requested for Lease Renewal with LePeeps Restaurant. (Michigan St. Shops) Mr. Inks noted that staff` recommends a Five- year renewal of lease with LePeeps, restructuring the rents under the lease as well as incorporating some adjustments that have 22 SOUth Bend C edevelopti-ient Con-imis ioll Rescheduled Re ula.r Mcetln -May 8, 2 07 . NEW USI N F (CONT.) C. South Bend Central Development Area (U) contintied... been made to the billincys with LePeeps over the last 12 months. There were some 2005 CAM reconciliation char es, over 6,00 , rnaint l ance charges of about $70, some minor plumbina char es of S278, some rent r d CAM charcyes repre er tip jU.st under two months of rent and `Alm_ Those items have all been billed and total LIP to $13,000. There are additional charges that have not [�cerl N 11C(1, I)ILMIN11cy cl ar es of a.11 ost S-3,800, and estimated 2006 CAM reconctl.iatlon. charges, including property taxes o f aln-lo t $4,000 for a total of almost S 2 1 , (.. 00. W i th i n terest amortize d over the tern i of the lease the interest would be 37 1 r a total balance that reeds to be amorti zed Over this new lease of $24,540. That will add ,S377. 55 to the monthly ly l ease payments. ts. The lease payments will therefore be about o% hl,cyher than they cuiTently are. I believe this leas been discussed with LePeeps. At this Point we reconiniend approval. GIven the size of these charges and the short period of time in which they have been incurred, we'd file to provide are opportunity for :Le eeps to pay these over a new five -year' lease term, Mr. Pec ko vsl i noted that this is delinquency breakdown. The amortization is for 5.4 yrs, so we are actually exceeding the length of the proposed contract. He asked if the .4 1s coming off the front or off the rear LD of the lease. Ms. Aggeler responded that Beeps' cuirrent lease expires October 31, 2007. That is the 23 South Beard Redevelopment C'ommission ResehedUled Re Utlar 1 eetir - - - - - l May , 07 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (11) continued... additional four months. The new lease extends the er €rrent lease five years by beinnning now and rL111.11.1ng five years, four months. [..Jpon a motion by Mr. K111ty, seconded by Mr. Downes and Unanimously carried, the C.ommission approved the Lease Renewal with .Le.peeps Restaurant. (Mich.1gan St. 1.10ps D. Sample-Ewing Development Area (1) Commission approval requested for Resolution No. 2337 determining the Commission's intent to pay certain expenses incurred for local public improvements in or serving the Sample- Ewing Allocation Area (South Bend Allocation Area loo. from the Sample - Ewing Allocation Area (South Bend Allocation Area Noe Special Fund. Mr. Inks noted that Resolution No. 2337 establishes a public hearing Oil June 1, 200 7, 10:00 a.m.. to appropr #mate funds recently received from A.J. Aright as penalties for the lack ofJob creation oil the Project. The amount to be appropriated is $239,993. While the description of expenditures attached to Resolution No. 2337 says it will be appropriated for public improvements, it will be putt into two categories; $25,000 for demolition in an area just to the north of the Southeast Neighborhood Park (across from Art Mosai.e Tile) where we have been. 4 W114..1 LF.Pl. "'E".I} 1.. "'."s TAI.lRAN'I". ](1.1RiAN ST. l-lor's South Bend l .edevelopm ci—it 'onimissloll Rescheduled Regular Meeting ...-..May 8, 200 6. NEW BUSINESS � . NT. D. Sample-Ewing Development Area (1) continued.., gathering property and demolishing buildin s to eventually transfer to the Park Department for an expansion of the Southeast Farb.. we own a vacant property there. Glven the vandal.isni and Some of the other issucs with OwIlingy vacant properY ty, it would be wise to demo that property. The remaining $215,000 would be used for debt service payments on the indebtedness of the Sample --EwXn Development Area. This has been discussed with the 'mitrol ter who has agreed to this use of the funds. we have checked l with bond COLHI el to makc sure how the penalty mone y from , ..f. WrIaht should be treated, since that project was a bond project. fond counsel has indicated that it would be treated life any other General Fund money and can be used for any purpose. Ms. Jones asked if that amount 1s sufficient to cover debt service obligations. :fir*. Inks responded that there may still be a shortfall. ~here was to be aboLrt $300,000 that needed to be picked up by the city's capital budget this year. Mis will reduce that by about $oo,000. Mr. Peczkowski noted that lie and Ms Jones were at a meeting last week where there was d.i crrrssi.o.n of including this area in the Airport TI ' district. He wanted to know how would this affect that discussion. Mr. Inks responded that it WOL111d not affect those discussions. 25 Sor_rth Bernd Redevelopment Coninii sior1 Rescheduled l e ula.r .Meeting .....May 8, 0( 6. NEW BUSINESS (CONT.) D. Sample-Ewing Development Area (1) continued... Mr. pee kowsk] rioted that we do socni to be admitting that this area is not able e t pay its dept service ----it's a losing proposition. Mr. Inks responded that the city has spent a lot of time braying property, demolishing property, taking assessed va]LIC temporarily off tyre to rolls until we can create industrial parks, create new buildings, and, hopefully, add more assessed value than what we took off. At this point it does lia c a ne ative real proper. -ty increment and cannot niece its debt service requircmtints by itself'. Ms. Jones asked i i' most '_1'TF areas is llo w this pattern. MF. Inks responded that they do. Mr. Laurent noted that SEDA is the only TIF area that is primar =ily old industrial property. In the beginning the city has to part a significant aniOUnt of money ire. The return on the city's investment is at the end. The city's money has to go in first. Mr. Irks noted that Erskine Village was brownfield site with the landfill off o.f West Ireland. The cycle was much. quicker dowry there because there was a developer in hand at the time we were taking care of the site. Buildings were acquired mostly by the private sector, then demolished; assessed value was lost, but folio Ing right on the heels of that was private sector investment that vastly surpassed what was last In the demolition there. This was a much qUicker time frame, but what we are doing in SEDA will follow that pattern. 26 orxth Bend l .e levelopniciit Commission R schedule l RegUlar Meeting - -- -May s, 2007 6. NEW BUSINESS of d'. D. Sample- Ewing Development Area (1) continued... Ms. Kolata noted that EDA has a lot of residential properties in the Southeast Neighborhood and Rum Village Neighborhood. It is possible that sonie ofthe tax legislative that has beell given to home owners has had a nccyative 1111p�xct as well. TIF is based on net assessed value, not dross assessed value. when the state l.e ] ICature gives a homestead credit, the legislative Challaes impact what each Individual property owner pays and that also tales down the total assessed value of the area. The s, emie thincy happened M the West Washi ton area. .s. Kolata agreed that when you have a large indUstrial project like S'EDA, your costs are higher, and you can't start to develop it until you get the cri.tieal mass of bare land. Mr. Pcczkowski noted that SEDA. has been a development area for fourteen years. Has the assessed value ai vays been aoing down') Ms. Kolata responded that the assessed value of the real property has bccn marginal the entire time. Nor. Peczkowski asked if our predictions were overly optimistle. Ms. Kolata responded that, no, this is the only TIF Area in the city that also collects personal property increment. That personal property increment is what has been providing the 111colne all along. The personal property income is basically the ethanol plant, thC Coe plant next to it, and TJX. The real property has 7 oLit h Bend l edcvclopm ent Commissioll ResehedUled Re CF ular Meeting - -May 8, 2007 6. NEW BUSINESS (CONT.) D. Sample-Ewing ing Development Area 1 continued... been marginal all along, stemm Ing fx-om the demolition of large bull ill s. Mr. Downes made a motion to approve Resolution 'No. 2337 determining the ,o11 z11I s1o11's intcnt to pay certain expenses 111CUrred for local public improvements in or serving the Sample-Ewing Allocation Area (South Bend Allocation Area N& 8 from. the Sample-Ewing Allocation Area oLith Bend Allocation Area 'loo. 8 Special F Und. Mr. King seconded the motion the vote was three in favor. Mr. Peezkowski abstained. (2) Commission approval requested for Resolution No. 2338 ratifying, confirming and approving an escrow termination agreement related to the A.J. Wright distribution center project. Mr. Inks noted that in order for the city to receive the funds from the penalty requirements under the AT Wright agreement, an escrow was set up as a performance guarantee on the project. Our mollies were to come from that. At the last meeting the Commission approved all the documents necessary to affect that transaction. There was an escrow tern,unation a reement that was re u red. Cheryl Greene executed that on behalf of the 701111/11 slon to allow for the release of funds from the escrow account. Resolution No, 2338 ratifies, confirnis and approves her execution of it on behalf of the Co m.m.issIoo. -`(_)1 1 M 1 SS 10 N PPIZ VI`i F_ oI._1~.JT]0 N No. 1:)1:= ..1.1: R M 1 N 11 (.1 - FI IF- C (roN1l S s10 N'S 1 N "]" EN ­F T'0 P.AY (1 1- R] -A I N t..- XPI:1- N S 1.--S I NCU R R E1. 1` R LOCA L. I'IJt:1I..K' I [VI 1:1 .)fir'E.1`1F N ­FS 1 N 0 R S F'RVt N G ,1 -11F . � AREA 11 A PI : - F'.�1� _; 1.1. ( 1 BIND At-LOCATION AREA No. mom 1 �� ( 1 11'1..- 1'.- EW1N(- ALLOCATION Ai EA (Sol- r1 -1 -1 I. 1 Ai- J_0(:'ATION Al L,A No. SPECIAL F'LFNE), oLlth. F eiid Redevelopment Commission es heClUled RCCYL11ar Meeting .-..-May 8, 2007 6. NEW BUSINESS (CONT.) D. Sample - Erring Development Area (2) continued... Mr. Kincy lade a motion to approve RCSOILItion No. 2338 ratifying, eofilin and approvina an escrow termination. agreement related to the A.J. Wright distribution center project. Mr. Downes sec oiided the motion. The vote was three to one with Mr. Peczkowski opposed.. (3) 'oni issiou approval requested for Fire Watch services for property in the, Sample-Ewing Development Area. (41.0 W Sample). Ms. l'o 1 at i tioted th,'11 StUdebaker Auto Parts Coij oratlon Is the tenant in tl7.e buildincy at 10 W. Sample, o tied by the Redevelopment Commission. Staff solicited a proposal from Gene Mil olajews .l to provide fire watch set-vices at this building on an interim basis. The proposal is for 13 hr per off;fieer fog- a not to exceed amount of 71500. The rate for using off duty firernen WOU d be 1 .64 /hr or more. Ms. KoIata e pIalned the reason for needi fire watch. The fire department detemilned that the sprinkler system is not working properly and is Wt Up to code. This was the result of a small fire that occurred in early March. Some of the sprinkler leads trickled water instead of gusbing water. The system needs to be flushed, drained and certified by a licensed sprinkler company. In order to flush the system, flushing valves need to be installed. The S A C o lease requires SASCO to meet all fire code requirements; I ATIFYI G, CONFIRM ING AND APPRO IN(_) AN I��s(�'I� (��'1+ "IT.-R �I1�1r�'�ION GRF'E;v1F_`NT R.F_ ._A'1 . �.)T0 PI c.�JFC -1, South Bend Redevelopment Coninussion esch did ed Reaular I cct i ng - - - -. -May 8, 20 6. NEW BUSINESS ONT. D. Sample -Ewing Development Area (3) continued... however, they were not able to proceed with the fire watch due to monetary reasons. Staff deters- Wined that there was an emergency in that either the bUjIdIna had to be shut down or the fire watch had to begin. Therefore, we started the fire watch service on. April 12. . 'Fhe fire watch tales place while the building is occupied, which is basically :00 — :30 or hours a week. There was an additional 1-11-c watch o f'l:i ccr- present over the past weekend Whell OIC StUdeba er Parts meet was in town and they had longer hours. SASCO leas UIItII M4-Ay 3 to get additional. proposals for li iiig the sprinkler system. However, since April 12 they lave hooked the sprinkler system to a monitoring system. We are asking to continue the Fire watch service for a not -to- exceed amount of $7, 500 whIle we work with SASCO to deteniiine the best way to get the system fixed. The Fire dept makes the point that the fire watch makes the system - p to code, but it is meant to be an interim measure. The fire department wants a date by which the work will be done, who's going to do it, and how long it's going to tale. Mr. l ee l owsl i asked how long the $7,500 will last. Ms. Kolata responded that it costs about. wl .. The intent is not to pay all of that out, but to buy some time to work out another solut.1011. Mr. Pec l owsl i asked if we intend to get reimbursed by SAS o. Ms. Kolata 30 OLIth Beiid l ede velopryietit Commissioll Rescheduled Regular Meeting ....May 8, 0 7 6. NEW BUSINESS (CON'r.) D. Sample-Ewing Development Area (3) continued... responded that it Is L11111kely we will be reimbursed. SASCO has indicated it does not have the resources to do this repair. .lthOLI h the lease assigns re po sibility to A.SCO, it is the Commission's buildIng and it se IIIs l rLident to protect it In this way. Mr. Peczkowski r sp sided that we seem to be accommodating SASCO through its busy season, the parts meet. Ms. l olata responded that we are ac coii,i modafin . ASCO at this point so that we can male a determination o f' how this i l be corrected. Mr. Peczkowsk.1 asked If 01-11- $7,500 simply buys SA.SCC the time to het tts biggest revenue of the year dUring the swap meet, then SASCO will close with the extra cash in hand. Ms. Kolata responded that he may decide to not e 11tillUe in business, but if he does, it will probably be sooner than 6 months. Mr. Kina expressed misgivings also about this solutlon. It's OK to protect our asset, the buildincy, and approve for the shortest possible time this fire watch. We're stuck with that. He sees th..Is going nowhere. The city wont get reimbursed, SASCO won't be able to pay for the sprinkler system file he hasn't been able to pay for fixIng the roof and a whole variety of other things. Mr. King does't want to be faced with the requirement to spend a lot more money for what is clearly a losiligy proposition. It seems totally senseless to get into a money pit 31 SoL1th Bciid Rode v lopment 0111l11Is iol1 Rescheduled Regular Meettn.g .... -May 8.,2007 6. NEW BUSINESS (CONT.) D. Sample- Ewing Development Area (3) continued... situation with this property. Mr. KMg said he was OK. with approving the fire watch, bUt arced staff not to come back to ask for the Commission to pay for the sprinkling system or any other item for this bufldlng. He pLit staff on notice that lie won't vote for it. Ms. Kolata thanked. Mr. King for makIng that clear-. It wifl. be easier to be fin ii at the meeting with ASS _. next week. Upon a motion by Mr. Kings seconded by Downes and U.nan1111.0Usly carried, the Commission appro vcd tl-1.c rcgLicst for proposals and ratified the sta f ;f." s action to secure Mil o.la' wsl .i & Assoc' ,cites for fire watch services for the scope of services and fce proposed, Mr. Abarb hell asked way the Col .mission doesn't evict SASC O or pursue damacres against it Ms. Kolata said that will be part of the discussion at the meeting with SASC O next week. The fire watch is an i te.ri.111 measure. (4) Commission approval requested for Assignment of Lease with J & L Management Corporation from Norfolk Southern Railway in the Sample -Ewing Development Area. Mr. Laurent noted that the Redevelopment Commission ion b came the owner of the seven acre jigsaw puzzle piece in Studebaker Area A. formerly owned by'Norfolk Southem, on 32 COM MISSION A €'PR(W ED € 1.11= R U. I "I € TO1 P1 ON) A LS AN 1) 1 ATIY -11 1)1-1.1 F �TA €:•F AC'1­1() V0 €"O.11 1. 11 .)1_..} .11:'L SKI � ; Asso�:IA TI €`01' FIRE, WATCH SERVICES FOR 'ITIL: SCOPL. ()Y €:_� AND FEE PRO1'OSLJ) South Bend Redevelopmcnt Com.missioll. Rescheduled l e lv� ar Meeting - -May , 2007 6. NEW BUSINESS (CO NT.) D. Sample-Ewing Development Area (4) continued... April 25. An Assignment of Lease was produced at that closing from Norfolk Southern to the Redevelopment Commission of a lease with the city's demolition contractor :For the Stamping Plant, J & L 1 anauement. Corporation. They are l as] [10 from Norfolk Southern a 20 ft strip of property to have a construetion trailer and stage some equipment, etc. That lease was e scut d on February 1, �. 06— T ;lies IS ('III assicrnment of that lease from i orf011 Soru[tl eM to the city. It 1s a standard landlord-favorable lease_ Staff reeommei -ids approval. Mr. Leone noted that this is not only an assignment of the lease from Norfolk Southem to the Commission, but also an acceptance by the Commission of the Norfolk Southem obligations. Th.erefore, the original lease should be pail of the Commission's record. As Mr. .Laltr nt said, it is a typical landlord-favorable lease. There are no unusual provisions that cause any problems. Upon a motion by Mr. King, seconded by Mr. 'Downes and unanimously carried, the Com issi.on. approved Me Assignment of Lease with J & L Management Corporation frog.. Norfolk Sonthem Railway in the Sample-Ewing Development Area. 33 L :ASS= wrni J& L MANAGEMENT ' Or PORA]"JON FRo r NORFOLK SOUTHERN AHW, Y IN `ITIE SA PLE -EWIN G DEV 1;1.0PM N'r AREA South Bend Redevelopment Commissio n .l eschedUle l l e L1lar Meeting ­-May 8, 2007 6. NEW BUSINESS (CONT.) E. Airport Economic .Development Area There was no business in the Airport E onom..ie Development Area. F. South Bend Medical Services District 'I'li re was no bLISi.ness in the South Bend Medical Services District. G. West Washington-Chapin Development Area 1 Comml*ssion approval requested for Stibordin.ation Agreement for property located at 128 LaPorte Ave., -1.32 1.."a Porte Ave., 136 La Porte Ave., 902 Colfax Ave, 90 Colfax Ave. and 910-912 Colfax Ave. in the West Wa i tol - Chapin Development Area, Mr. Sellers noted that Dunbar Corners is being refinanced t i '-ough .�..l��l . .�.. is requesting the City of South Bend sign the Subordination Agreement concerning a Rctital Rehab note that the city extended to Dunbar Corners as part of the initial f tndilh .for the protect. The funds were Community Development Block Grant funds. MFB is refinancina a Standard Federal loan. Upon a motion by Mr. Icing, seconded by Mr. Downes and unanimously carried, the Commission approved the Subordination A reel ent for property located at 128 La orte Ave., 130 -1.32 La- Porte Ave-, 136 LaPorte Ave., 902 Colfax Ave, 906 Colfax Ave. and 910 -912 Colfax Ave. in the West Washington-Chapin Development rea. 3 COMMISSION APPROVED THE SUBORDINATION A l r.MLNT FOR PROP1=fRT LOCATF -1) Al" 1 LAPO RTE AV E., 130 -132 LA OR-1 -F AVM , 136 LAPoRTE Avr., 902 COLFA Avl -'l 906 COUAX AVE. AND 910-912 COLFA AVE. IN -rHE 1:�� � A lNGTON- CI-IAPi Dr-vr.LOP11 ENT AREA OLItl l erid Redevelopment Commissioll f eschedU l ed erUlar Meeting n -.---May S, 2007 6. NEW v 1 U 1 N E (CO NT.) H. South Side Development Area (1) Filing of Resolution No. 2334 amending the South Side Development Area Development Flan and setting a public hearing on Resolution No. 2334 for :00 a. m., June 1, 2007. (4225 S. Main' St.) Upon a motion by Mr. Downes, seconded by Mr. inn- gild LIM- 1.111mously carried, the Co1.1:1111.i sion accepted for filing esolutio l No. 2334 aniendincy the South Side Development Area Development Plan and SCU1110 . )LI -HI h[1arni on. Resoltiti011 o. -3:34 f�Or 10:00 a.rn., . L111e 1, 2007. �4225 S. Main. St. 1. iortlie -ast. Neighborhood Development Area 1 commission approval requested for proposal for professional services in the Northeast Neighborhood Development Area. (Survey, .NN"DA boundary change) Mr. Sch ll1ol distribUted an overview of the Eddy Street Commons project and other projects proposed for the Noftheast Neighborhood Development Area NN' A . Eddy Street Commons is the first phase of many projects that will be done in the NNDA. The developer will build a retail corridor along Eddy, a full serviee hotel, a fimited service hotel, new office space, and new residential on twenty -five acres fronting aloncr the new Angela Road and Eddy St. These fOUr itenis on the acycnda for the NN-'DA relate to the carving out ofanew TIF district f'x-om the existing TIF district in the NN A. The new allocation area will be a 3 COMik-IISSK)N ACT11]"ITI) FOR FILING Ri.. ( i -i �����0 No. ') A l)_ NDJN(..; TF1L- SOUTH AND l:,l.TIN(.i A PUllLI(.. RIN(x (.)N R.]:, S 01- t..?TI0N No. 4 FC) R 0. -00 A. M., JLJN1-- 1., SoLith Bend Rede vclopm ent Comnilssioll ReschedUled e Ular Meeting ..__._ clay , 0 6. NEW BUSINESS (CONT.) 1, Northeast Neighborhood rh Development Ar (1) continued... rt-esidcnti �l TIF �` listrict. survey services are needed to write the legal descriptions of the two TIF districts: a new lc al description for the residential TIF and a revised description l7or the remaining TIF district. Thc proposal is rom Lamy li ency . soci,ttes for a fee of S500. Mr. Schalhol. noted that the timeline for coniffle -ti n of heels related to this project is very condensed bec -aLIsc the development aareemcnt between Kitc and l 'otre tame requires Kitc to begin work- on A.UgUSt I . r1,11c city needs to have e-Al l of its public processes conipleted before the August I date as well. 'Mr. Peczkowski asked if making this a TIF district is the only way to accomplish this project_ Mr. Scl alliol responded that the N'N"DA is already a TIF allocation area. State law allows for the collection of residential increment. The residential and commercial TIC' working together will create fundin. g and resources to be able to bond for the public improvements related to this project. Mr. Icing noted that this does not include only the Eddy Street Commons. It Includes the "'triangle" area that is being redeveloped by the Northeast Neighborhood Revita- lization Organization. Mr_ pec kowsl i asked to see who the owners are of the parcels shown in proposed residential TI. ' area. Mr. Sc alliol responded 36 OLIth Bend Rede elopnient Coniiiiissioll Resc hedUled . e t_tl ar Meeting . -May 8, 2007 . 1. Northeast Neighborhood Development Area (1) continued. that ownership in-fomiation is required d urm the process of dcclaritig the new IF area. That will be includcd in a packet the 'oiT.i fission will receive for the June 1 meeting. Jpon a motion by Mr. I'.in , seconded by Mr. Downes and unanitrlously caiTied, the Commission approved the request for prop s:r_-d and a-ccepted die proposal fi-oni Lang .Feeiiev &,, Associates I.-Or the scope of services and fee proposed- (2) C approval requested for proposal for financial consulting services in the Northeast Neighborhood Development Area, (Eddy Street Commons TIF Mr. Its .noted that this proposal is for financial advisor- { set-ViceS with Crowe Chizek and Company LIX. They would. be work-In work-Ing with staff` to structure a TIF bond(s), looking at financing alternatives, planning and financial tFLIC 11-in , disclosure and presentation is Lies, the sale of the bond, closing of the bond, etc. The total fees would not exceed S 351000 PILIS OLIt of pocket expenses not to exceed $3,500. The Controller has reviewed the proposal and has authorized it to conic before the Commission for consideration. Mr.'Peczkowski asked if approval by the Controller was necessary. Mr. Inks responded that recent practice has been to COMMISSION :'H='E'RON.. "I' -I-IIF. R F'Q(,!;F.'ST I; _ }I PRO1'0SA1, AN1) ACC F, IF 1'I O PC) SAI.- FROM 1, AN ("i F F- N Fi Y & Assoc I ATF FO R'FFII`_ sC OPE C) I SERVICES AND FT-TI. PROPOSF-l") South Bend Redevelopment Commisslol7 Rescheduled Regular Meeting May , off_ 7 . NEW BUSINESS (CON T.) 1. Northeast Neighborhood Development Area (2) continued... take all of these types of financial considerations to the Controller for review before bringing them before the Redevelopment Commission- In partieL l .r, since this is related to a potential bond, the Controller has PL11-Vie.%v Over that. Upon. a moron by Mr. King, seconded by Mr. Downes and unanimously carried, the milli sion. approved the i- eclHes o1- proposal for financial c:onsultI110 set-vices HI th.e Northeast Neighborhood Development Area and accepted the proposal f'roni Cro w ChIzek and Company Lil..,C for the scope of services and fee proposed. (3) Commission approval requested for proposal for financial consulting services in the Northeast Neighborhood Development Area. (Northeast Project Economic and Fiscal Impact Analysis) Mr. Inks noted that this proposal will assess the community benefit: of the Eddy Street 0111DIons project. As staff moves forward nc oti.ating an agrecment on the level of city participation, we would like a better- Feel. of the ben. is to the community. This study will hclp in that regard. This study will cover direct and indirect impacts durir the construction phase, along w1th. the analysis of continuing operations of the various retail, hotel and residential project. The total fee is for hourly services not to exceed $ ,00 , plus an amount not to _,ONIMISSI . N f tiPPRO Fk.�1. FRVK'F, IN THE NOR 1411-. 1- T1-1'1(­rI IBORIIf)0D I)F. AND I-111 PROPOSAL FROM CkMVE- C."[11/1--K z--\ l) .J)1\, -1PANY LLC F0 R - 1 -1 -1E sCOPE 0 F S 1`.:R VICI -I' AN1) 1- -1 F" PROPOSED SOLIth Betel Redevelopr ient Conimissioll ReschedUled Re u ar Mctir ......May , ) e i. NEW BUSINESS (CON'r.) 1. Northeast Neighborhood Development Area (3) continued... exceed S5,,000 for out of pocket expenses. The dc eloper, Kitc Rcalty Group, has agreed to pay for one half the cost of this analysis. So while the city woUld have a contract for S25,000., it will be reinibursed S ?,500 by Kite. Mr. Pcezkowski asked why Kite Would not pay for all of the study' ]ding responded that the developer is of to b asking foi- �1 parking ar�a e and other city 111 :stnicil L The city necds to know this information as well a 'Kite. Mr. Downes nude a motion to approve the request for proposal for financial consuln'll servi.ces in the Northeast Neighborhood Development Area and accept the proposal from Crowe Chizek & Company fur the scope of services and fee proposed. Mr. King . seconded the motion. The vote was three in favor. Mr. Pec l owsl r abstained. (4) Commission approval requested for proposal for consulting services in the Northeast t l ei h orhood Development Area. (Legal services, Revenue Bonds) Mr_ Inks noted that Haber- & Daniels has submitted a proposal to provide bond counsel services related to the TIF bond that will he ISSLIed for the .Eddy Street Commons project. They will assist in structuring the bond, working in close association with the city's financial co . UItant in obtaining credit enhanccmentg the preparation of resolutions, 39 PROPOSAL FOR FINANCIAL CONSUL'I"ING DEVEL OPME,N -i. AREA AND AC( ' � E, PT T1 PROPOSAL FROM C ROOF C HIZK &I COMPANY F(-.)RTHJ_v SC'0PE OF SERVICES AND FEE PROPOSED ED South Reed Rcdevelopnient Commissioll escheduled e�War Meeting - -Ma , 0 i. NEW BUSINESS (COIN.) 1. Northeast Neighborhood Development Area (4) continued. - . ertlficat Y closin . documents, transcripts, make all required filings with the Internal Revenue Service and other services as described in the cngagement letter. In addition to bond counsel. services, the proposal also includcs assistance in the do i -natioii of a housing allocation area which will be the basis for the issuance of the bonds. They will also provide services :for a Memorand-uni of UJnderstanding and D velopnient Acyreement v.11h Kite Realty Group. The total fees are not stated in the ellcyaluement letter. Staff proposes to bring bacl� a budget for these services at the iiext meeting, However, this project needs to OTIMILie to move forward t meet the t1 alit time line described earlier. The City Attomey's office has signed off on using .Baker & ' aniels as bond counsel. The City Attorney's office, under state law, has responsibility for raking the deci.sio'll 011 who to usc for bored counsel. Staff reconi m nds the Commission accept the Ent,iragement Letter and have staff bring budget to the next meeting. Mr. Peczkowski asked how .many loyal offices were contacted to submit Engagement .letters. Mr. Leone responded that bond counsel wofl( is hi hly'spe ia.li ed. The Commission tries to use local fires if it can. The. - are really only two firnis based in South Bend that have abilities in this area, .Bat -ties & Thomburg and Baker & Daniels. Staff spoke with both and determ.1ned that Baker & Daniels was the preferred firm 4 South l encl Recl velopment C.om missloll l esche l Uled e Ul ar M eeti May , 2007 6. NEW BI-ISINESS (CONT.) 1. Northeast Neighborhood i Development Area (4) continued... because ofthei.r expertise. Mr. Downes made a motion to approve the reqUe.St for proposal for consulting services in the Northeast Neighborhood Development Area Jnd to accept the Letter of En a emcnt with Bakcr & .Daniels on the condition that staff` briniCT to the May l n .eetin budget for exact services required. Mr. King seconcled the motion. The vote was three to one with Mr. T ee i owskl opposed. J. Douglas Road Economic Development Area ""'Here was no bus ncss in th .Douglas Road Fconomic Development Area. K. other Commission approval requested for proposal for financial consulting services. Mr. Inks noted that staff solicited and recelved a proposal from Crowe Chizek & Company L C for financial consulting services. There are two pieces to this proposal. The first is a neutralization study. Currently the assessed values in St. Joseph Counly are being adjusted for trendmg. Trending is a form of reassessment. Under state law there is a neutralization process for TIC' based assessed values. We would like Crowe Chizek do those rieL €(Tali ation calculations to ensure that as this trending reassessment moves forward, the base assessed values in the TF are treated 41 CO M M IS S 10 N APP1 O V F-'D -1-111 RHQU 'F 1~O PROPOSAL F-OR C.'ON U1.--1`ING I.AVICT, I1 "FF1E :'' : f ,11 1- ..I.,{ 1.1: _l., 1'111 - TA' --'F1 -E 01: [':'.'.N (I ".I 111 BAK I:1 & DAN I1- =1 -s O CONDITION THAT TA1 -11 i:3R1N(i TO "YHF'. MAC' I A BUl GE. ".1. FO E AC_.I.. SERVICFS 1 l"QU11 E1. South Bend l edeNeelopment ''oimmssioll e chedUled R.:gUlar Meeting ......May s, 6. NEWBUSINESS (CONT.) I. other (1) continued... correctly and a j usted properly in accordance with state lay.. The se and part of this study is a comprehensive analysis of all TIF Areas that we have currently to verify that all parcels are in each appropriate TIF area. 'Fliese areas undcrgo ch Ang s fi -om time to time_ The changcs arc COMM nicated to the Auditor's office, but invariably, there are s0n1 col11x1ILrr11catron issues and staff Ys tr µdel .1r1(_:1 PI-oPellies Hiside a TIF arc�a that the Auditor's NI"ice does not show in the 'TIF area. rl�l�is study will liclp .identify those ISSUCs wid iiiake SLIFC all the properties that shOUld be there are crc.c~ounted for. Crowe will also revie w and ma-ke recommendations on any TIF areas that need to lac amcnde d dire to a reduction in TIF caused by reassessment or treziding and perfonii an analysis of the impact of appeals after reassessment. ent. fThe impact of appeals was a l ig iss'Lxe for the Commission after the last reassessment where. We 1110Lrght we lead a positive real property increment, but it became a negative increment after appeals were completed. Crowe will also review the CUrrent status of any personal property TIFs. As Ms. .l .ol to mentioned earlier, we have three taxpayers contributing to personal property TIF in the Sample-Ewing .l evelo client Area. Mr. Pec o s.] noted that the fee is not to exceed $30,000, plus a possible $5,000 Incidentals cost. He asked .1f this is corpetitive9 Was Crowe Chizek part of a bid process, or was this not subject to that; .fir. Inks responded that professional services South Bend Rede relopnient �01111111SSio11 Res hedUled Regular 1 eetin ....1 May 8, 2007 6. NEW BUSINESS (CONT.) K. other (1) continued... are not rcquired to be bad. The C:`ommissioll has done a cumber of projects with Crowe Chi el . They ha ve a lot of the base data. Mr. r. In s feels it WOUld be most efficient to conti.nue working with Crowe Chi el . Staff has a h.1 ah dcor e: of com -f ort xvlth their work. 1r. Pelovski Doted that there seem to be a lot of contracts with Crowe Chi ek. He asked if we a sun-ie that their b1d is eompetit.1ve be caLISC they have our data alrea.dy`� 'Have we looped outside the c1ty for financial eonsult�ints? :fir. Kino responded that this is highly specialized work. There is another fin i in the enera.l area, nibaucyh Associates in Goshen', which does this kind of work. Mr. Pee zkows i asked if there was any demand that we use a local agency. There is not. .fir. Downes made a motion to approve the request for proposal and to accept the proposal of C,rowc Chizek and Company, . LC for the scope of services and fee proposed. Mr. King seconded the motion. The vote was three to one with Mr. . Peelovsi opposed. (2) Staff report on new open Door La requirements on SEA 10 — Serial Meetings. Mr. . eone .Doted that the Indiana General Assembly passed Senate Enrolled Act 4 1 4 COMMISSION APPROVED T1--[F- [� [-"Q IJ F"ST 11-OR PROPOSAL AND TO 'PROPOSAL 01: -` _ WE l--1 i � AND `O 1P A N Y. L LC COPE or SLR ICE' -S AND FEE PROPOS -D. MR. KING SEC ONDEF I-11E iMC TloN. TFIE VOTE WAS THREE To ONE WITF1 MR. PEC7-KOWSKI OPPOSED oLIth Bend F edevelop-nient Commissioll Resched pled RegUlar .M eting .....May s, 200 6. NEW BUSINESS (CONT.) K. Other (2) continued... which prohibits serial meetin s. All of South Heed's boards and commissions will be bound by this ne w act. The effective date is July 1, 2007. He will research moi-e about how this will affect 'omniissioners and how individual Conimissioners niay speak with each other outside of njeetin s w1th respcet to Coni.miss.lon business. He will report his findm s at a later meeting. 7. PROGRESS REPORTS 'Mr. Inks noted that Mr. Schaf liol did a. pi- esentaaion with t EPOR -l" BLI tors. People are getting ready to attend the eoniniercial real estate conference 1n. Las VeLyas. A lot of real estate dews are done there. We Used the information that we had Buxton prepare about a year ago in preparation of that presentation, with some updated infoni ation as well. Mr. Schalhol will tell the Commission more about that at the May IS nwe tin g. We also wanted to tally abOLIt the nul ions of dollars and hundreds of square feet of new development on the South Side. Thcre has been vast retail development on. the South Side. Mr. Eric A.barb neil asked peniiission to address the Commission. There was no objection. He resides at 1 14 E.lndiana A ve.: m noticing a disturbin trend in , 1 y, toward s t the on i sior just from �atcb a sup ortina, trying to throw money at businesses and using government to help support businesses. The youna lady that was sittincy here was asked a direct question. when slie said "YOU need to do this for LIS t sae us competitive" "is it govemrnent's job to make business competitive?" Her flat out response was fcno >� and then the Commission voted to give tax abatement ill 4 SOLIth Bend Redevelopment Cornmissioll Rescheduled e dar .Meeting ....,May 8, 2007 7. PROGRESS REPORTS (CON'r.) order to male the business she represented competitive. I think you are going along a very can Brous track here, kind of ambling money now trying t support businesses with the lope that somehow things will turn around. I think- we're seeing (-i lot of money going Out from taxpayers and going into downtown to support these lame businesses, whereas outside of downtown thin s are ettin noticeably worse. T live five minutes away and already YOLI'rC seeing a house Of pr stitUti i -1; a crack. souse and a f ence sprin rl l7t LIP next to a day care center and .l .find .it sl.i fitly Insultmg to watch a million dollar tax abatement i.v n to a company that's already begun its construction. They've already begun all of their 1,-)ro ects. They WO ld continue, to d o so, but you are seelno -fit to Give thern money to ni,cl e tlieni competitive. If I had a failing business and came l erc to ask -for the same thin I'd be voted down. f want. to niake my feektigs known to the C.'ommissioll. 8. NEXTCOMMISSION MEETING The next ineeting of the Redevelopment Commission is scheduled for Friday, May 18, 2007 at 10.00 a.m- . ADJOURNMENT There being no farther business to come before the l ed {elopt- ent Commission, Mr. Downes made a motion that the meeting be adjOUrned. Mr. Peczkowski seconded the notion and the meeting was adjow -ned at 11:35 a.m. AP Dondld E. Inks Director } 5 F7 I { I f f Marcia I. Jones , Pr id nt OLIth Bend. Redevelopment Comniissio n esclIedUled RC Ular Meeting —May s, 2007 EXECUTIVE SS I N May 822007 The SOLIth Bead Redevelopment Commission reef in Executive Session on Tuesday, May 8, 1 007 at 9:30 a.m. The meeting was held in. Rooni 1.200 County-City Building, 227 West Jeff "erson, South Bend, Indiana, for the purposes specified in I.C. -1 - . - .1 b . Commissioner's Present: Marcia Jones, President; Karl Kin , Vice President; Greg Downes, Secretary- and Kerr Pec l owski. Others resent: Jeff' Gibney, Executive Director, Com ..unfly & Econonilc Development, Don Inks, Director, . cononiic Development, A.tto m. y Charles Leone, 11.1 Schalliol, Nick Witwer, Andy Laurent, and .l .obcrt M,tthia. The Coni.x it'ssion certifi s that no topic was dISCLIs cd other than the subject utter speciti d in the Public Not cc. The Executive Session was ac joumed at 9:55 a.m . c Fr ,rte DEPARTMENT of REDEVELOPMENT }5 .S.1, nature Marcia T. Jones, President 1,11111ed Iva n)f:' aIit ith., South .fiend Redevelopment Commission 46 THIS LEASE, made and entered into this - day of , 2006, by and between N 0 RFOLK SOUTHERN RAILWAY COMPANY, a Virginia corporation, whose maahn address is Three Co =ercial 'lace, Norfolk, Virginia, 23510 hereinafter referred to as "N SRC -d'. and L Management Corporation, an Ohio corporation whose mailing address is 15 North Walnut Street - Suite 300, Mount Clemens, Miclu'gan 48043, hereinafter referred to as W1 TNES SETH: THAT the PARTFES HER-ETO HER-ET agree as follows- ARTICLE 1. NS .C., insofar as its n*ght, title, and interest enables it so to do, and without warranty, and in consideration of the covenants of Lessee, hereby grants unto Lessee the .right to occupy and use for the purpose or poses hereinafter mentioned: On e.parcel of the right o f gray or property of NS RC at M11 epost SK- 3.0-1 South Bend Broach, located in South Bead, Saint Joseph _. County, hidlana, ha f g an area of ,00 square feet, more or less, the location and dimensions of which are substantially as shorn on print of Drawing ing No. 1 087196 marked Exhibit A, dated January 3 1, 2006, hereunto attached and made a part hereof (hereinafter referred to as "P remises") ; TOGETHER with the right to install fencing, Mare o tni d. o equipment and to locate a construction office ailer on the Premises, which said fencing, equipment and trailer shall not become a fixture(s) upon the realty, but shall remain the property of Lessee and shall be removed from the Premises upon termination of this Lease. NSRC reserves unto itself, and its permute s, the permanent right to maintain, operate, renew, or reconstTuct upon, under, or over said Premises, any existing pipe, electric transmission, telephone, telegraph, and signal lines, or any other facilities of like character. Lessee agrees that its occupation. and use of the premises 1 s subject to any or all such rights and uses and to such rights as the owners or users thereof may r have to use any road or high ay, or portion thereof, which. may be located upon or which may traverse said Premises. ARTICLE Lessee will use said Premises for the purpose of storage as a construction staging area and location of Lessee's fence and for -no other purpose out the w e consent of NSRC. This Lease is a personal pr' ilege to Lessee and shall not he assigned without the w tte consent of I NS RC, nor shall Lessee, except with such written consent, pe nit said Prey es to he used for any purpose by any other party, fire or corporation. ARTICLE Lessee will pay unto NSRC as rent the sum of THREE HUNDRED FIFTY AND NOI 100 D 0L ARS o.00 per year, payable am-ually ih advance, b eginning as of the 1" day of February, 2006., vl ch is the effective date hereof. If Lessee shall default in the pay e t of rental hereunder for a period of ' :�O days after the same shall be due, a late payment charge i the amount of t of l % of sueb rent for each month or portion thereof that the sa -me shall re amn unpaid shall be charged to Lessee. Lessee will pay such late payment charge together with rental due hereunder. If NSRC cancels or terminates this Lease for any reason except default ofLessee, NSRC shall refund to Lessee its pre rata portion ofrent paid for the u e pired period, but if NSRC cmeels or ter'minates because of default of Lessee, them NSRC may retain the rent paid for the unexpired period as liquidated damages. ARTICLE 4. Lessee wi II pay to NSRC amounts sufficient to cover all taxes, license fees, or other charges assessed or levied upon or because of the property of or the business conducted by Besse upon said Premises ofNSRC. Lessee will also pay to NSRC amounts sufficient to cover all assessments or charges made a alnst said Premises or against NSRC as owner of said Premises for street or sldewalk paving or other public improvements. At the optio13 of NSRC, Lessee shall pay NSRC for such taxes, license fees, charges and assessments either in lump -sans or in annna installments. ARTICLE Lessee will not construct or install upon said rer ses any h ildln s, structures., or improv =e is unless specifically pernutted hereby or by w.tten consent of NSRC. Ar y bull dings, structures, or improvements erected by Lessee on said Premises, shall he substantially constructed or installed., maintained, and used in such manner aS not to hiterf'ere with the business of NSRC, shall be kept in good repair and presentable condition, shall be located as described herein or otherwise approved in Ming by NSRC, and shall not be relocated upon NSRC Prerru'ses except with the written consent of NSRC. Lessee will be responsible for all snow and ice removal and will keep said Premises in clew and sar tary condition, free of waste,, trash, or unsanitary or flarmnable .matter, and prevent the pasting of adverlising hills or signs upon said Premises, except the usual business sib of Lessee. ARTICL E 6. Lessee shall obtain all permits, certificates, licenses, and authorizations required by any govenimental authority for any =pro ements to or use of the Premises. ARTICLE ,e see shall pay, satisfy, and discharge all claims, judgments or liens for material and/or labor, used or employed by Lessee or its acct in the ccrstructior, repair, maintenance, or removal of any buildings or structures located upon the Premises, whether the buildings or structures shall, under the terms of this Lease, he the property of NSRC or Lessee, and Lessee shall indemnify and save harmless NSRC, C, its officers, agents and employees, from all such clip , judgments, liens, or demands whatsoever. ARTICLE In its use and occupancy of the Premises, Lessee will comply with the requirements of all federal, Mate, and local safety, health, e virmunenta.l, and sanitation laws, rules., regulations, and ordinances., and,, will at its own expense make all corrections, repairs, or additions to said Premises or the facilities thereon which are necessary to ensure compliance with such laws, rules, regulations, and ordinances. If Lessee is required by any such laws, rules., regulations, and ordinances to obtain insurance or furnish other documentation of financial responsibility, Lessee shall provide evidence of such insurance or documentation to NSRC prior to occupancy, Any insura ice obtained by Lessee pursuant to this Lease shall be maintained in force for the duration of the Lease and shall provide for notice to NSRC at least 3 0 days prior to cancellation or terrnxnation. ARTICLE Lessee shall not Mnstall any underground tanks or associated underground Piping for the stora e of any product on the Premises ofl NSRC without the express wntten. consent of NSRC C given prior to installation, ARTICLE 10. Lessee shall not dispose o f any wastes of any kind, whether hazardous or riot, on said Premises and lessee shall not conduct any activity on said Premises which may or does reuie a hazardous waste treatment, storage or disposal facility permit from either the federal or state agencies. ARTICLE l 1. Lessee shall fun sh NSRC with a written report detailing all releases, as defined In 10 of the Comprehensive Environmental Response, Compensation and Liability Act of 1980 Super uid Act), R L. 96-5 10, on or from the Premises whenever such releases are required to be reported to any Federal, State, or local au.tliori y in accordance with any Federal, State, or local laws, rules, regulations, and ordinances, and any regulations issued thereunder including, but not limited to} those laws listed in Exhibit B attached hereto. Such written report shall identify the substance released, the amount nt released, and the measures undertaken to clean up and remove the released material and any contaminated soil or water, and shall further certify that no contamination remains or will remain after the cleanup measures have been completed. Such reports shall be supplemented by providing NSRC with copies of any Witten reports required to be submitted by lessee . to any Governmental agency in accordance with any Federal, State, or local law, rule, regulation, or ordinance, or by the Council on Environmental Quality's National Oil and Hazardous ubstanees Pollution Contingency Plan as it now exists or as it may hereafter be amended. The foregoing reports to NSRC and copies of reports to Gover nental agencies shall be sent to NSRC's Director of Environmental Protection and Emergency Response, c/o Norfolk Southern Corporation, 110 Franklin road, S.E. Roanoke, Virgi 'a 24042 -0022, w'thin fifteen days after notification, whether written or otherwise, is required to be given by Lessee to any such Governmental agency. ARTICLE 12. a If NS RC detects any violation ofA ticIes 8, 9, 10 and 11, including any contamination of the Premlses, NSRC shall so notify lessee of the violation and Ussee shall take immediate steps to eliminate such violation. lessee hereby agrees to indemnify and hold harmless NSRC. its officers, agents and employees, from all liability resulting from violations of Articles 8, 9, 10 and l I of this lease and agrees to reimburse NSRC for all actual costs and expenses incurred by NSRC in eliminating such violations, Mncludin , but not hn itcd to, all costs and expenses to decontaminate the Premises. (b) Lessee agrees that it will reimburse NSRC for and hold harmless NSRC, its officers, agents and employees, from all fines or penalties made or levied against NSRC by any Governmental agen -cy or authority as a result of or in connection with Lessee's use of the Premises or ofthe facil it] es thereon or as a result ofany release of any nature onto the ground or into the grater or air by the Lessee from or upon the Premises- Lessee also agrees that It will reimburse NSRC for and hold NSRC harmless from any and all costs, expenses, and attorneys# fees and from all penalties or eivi j udgments incurred, entered, assessed, or levied against NSRC as a result of Lessee's use of the Premiss or as a result of any release of any mature onto the ground or into the water or air by the Lessee from or upon the Premises. Such reimbursement or indemnification shall include but not be limited to any and all Judgments or penalties to recover the cost of cleanup of any such release by Lessee from or upon the l remises and all expense inc .rred by NSRC as a result of such civil action including but not limited to attorneys` fees, (c) The provisions of this Article 1 shall apply regardless of acquiescence or negligence or allegations thereof on the part of either party. t The foregoing provisions of ths rticle 1 shall apply notwi.tbsta.ndin any other provision of this Lease to the contrary. ARTICLE 13. The liabIlity of the parties to this Lease, as between Lhe sel es, for death, personal Injury, and property loss and damage which occurs by reason of, or a ses out of, or is incidental to, the use or occupancy by Lessee of the Premises covered by this Lease, shall be determined in accordance with the following provisions regardless of considerations of fault or negligence: (a) Lessee shall be solely responsible for, and shall bear all cost, expense, and liability resulting from., loss of or damage to property by fire; (b) Lessee shall be solely responsible for, and shall bear all cost, expense, and liability resulting from, death, personal injury, and loss and damage to property relating to Lessee's use and occupancy of the Premises or caused by the acts or omissions of Lessee, or of the agents or employees ofLessee, or by the violation by Lessee or its agents or employees of any of the terms of this Lease, or by the acts or omissions of Lessee concurring with the negligence of a third party; c Except as provided in subparagraph (a) above, NSRC shall be solely responsible for, and shall bear all cost, expense, and liability resulting from death, personal injury, and property loss and damage caused solely by the acts or omissions of NSRC, or of the agents or employees of NSRC, or by the acts or omissions of NSRC eoncum'ng with the negligence of third ply; (d) Lessee hereby agrees to i dem.tffy and sage harmless NSRC, its officers, agents and employees, from all of the liabilities and expenses, as med and undertaken by Lessee in this Article 13. Likewise, NSRC hereby agrees to inden fy and save hannle s Lessee, its officers, agents and employees, from all oft the liabilities and expenses assumed and undertaken by NSRC in this article 1 ; - e Knowledge on the part of NSRC of continuing violation oft the terms off s i Lease by Lessee shall constitute neither an omission nor acquiescence on the part ofNSR , and shall in no event relieve Lessee of any of the responsibilities unposed upon Lessee hereunder. ARTICLE 14. (a) In connection with the Premises cowered by this Lease, Lessee agrees to obsei-ve and be bound by the rules of NSRC with respect to standard clearances for all railroad tracks located on or adjacent to the Premises covered by this Lease; that is to say,, the Lessee agrees to maintain and preserve are overhead space of 23 feet measured perpendicularly from the top of the rail (except that overhead clearance where wire li (b) Upon the termination of this Lease, for whatever- cause, Lessee will vacate the reuses immediately, remove all improvements owned by or placed thereon by Lessee, and leave the Premises, including the subsurface in as good order and condition as said Premises may have been prior to the use and occupation thereof by Lessee and free from holes, obstructions, debris, wastes, or contamination. of any kind. (c) If Lessee fails to restore the Premises as provided herein prior to the date that .lessee is required to vacate such Premises, then NS RC may, at its option but at the sole east and expense of Lessee., remove or arrange to remove all such property, improvements, obstructions, debris, waste, and conta radon., and restore or arrange to restore both the surface and the subsurface of the Premises to as good order and condition as said Premises may have been prior to the use acid occupation thereof by ]lessee. Promptly upon bill rendered by NRC, see shall pay to NS RC the total cost of such removal and restoration, including, but not limited to, the cost of cleaning up and removing any contaminated soy. l or water, ARTICLE 18. If Lessee fails to vacate the Premises p or to the date that Lessee is required to vacate such P reml ses , NS RC may, in addition to any other I e al remedy it may have, re -enter and take possession of said Premises, oust Lessee acid all. persons holding under Lessee, and restore or arrange to restore the surface and subsurface of the Premises, as described in ice 17 above. SRC may also, after reasonable notice to Lessee, take possession of any property and improvements, including structures, if any, left on said Premises by Lessee and dispose of the same by sale or otherwise for the purpose of applying the proceeds against unp d rental or to other paymcnts due under the terms of this Lease, or for other purposes as hereinafter mentioned. ff, in NSRC's j ud ment, any property or improv ements so lei on said Premises by Lessee is contaminated, has no value, or cannot be converently sold., NS.0 may dispose of the same without notice to Lessee in such manner as NSRC may determine to relieve itself of the burden of caring for such property and improvements, without accountability to Lessee. ARTICLE 19. In addition to any other rights of entry reserved. h rein, NS RC reserves unto itself and its perrnittees the right to enter upon said Premises at anytime for operation, maintenance, reconstruction repair, or relocation of any banding, trackage, or other structures located on said Premises; for inspection of the remises; for taking whatever corrective actions NSRC deems necessary to eliminate any violation of Articles 8, 9, 10 and 11,. if, NSRC's Judgment, the steps taken by Lessee are inadequate or not timely; and for miy other lawful purpose. ARTICLE 20. 1t is agreed between the parties that the applicable statute of li�tatlon shall be tolled and shall not begin to ran against NSRC in connection with any controversy or dispute arising under the provisions of Articles 8, 9, 10, 11, 17 and 18 hereof until NS RC has received actual written notice of noncompliance with the aforementioned articles. ARTICLE 2 1. No waiver by NS RC of any one breach ofeovenant or default by Lessee shall he eonstraed as a. waiver of any other or subsequent breach or default on the part of Lessee. Also, no declaration of termination of this Lease shall be construed to release Lessee from any covenant or obligation as to which Lessee may be in default at the date of such termination.. ARTICLE Lessec agrees to pay all costs and expenses, including, but not limited to, reasonable attorneys' and consultants' fees, incurred by NSRC in connection with enforcing the performance of any of the provisions of this Lease. ARTICLE 23. If any provision of this Lease, or the application thereof to any person or circumstances, shall, for any reason and to any extent, e invalid r nen o�-ccabae, � rernainde�' of this Lease and the application of uch provision to other persons or circumstances shall not be affected thereby but rather s all be enforceable to the fallest extent permitted by law. ARTICLE 24. Lessee hereby agrees that the indenm ties it undertakes in favour of NSRC, its of cers, agents and employees, ire this Lease wi11 also apply in favor o f Pennsyl va a Lines LLC, the corporate affili ates ofNSRC and to their respective o ffi cers, agents and employees as fily as 1fthey were specified as indennitees heroin, ARTICLE 2 5 Lessee Zvi 11, at the expense o f Less ee and for the further protection ofNS C, procure and maintain din 4 or the life of this Lease, in a form and with an insurance company that is satisfactory to NSRC, a policy o Commercial General Liability suranec with a combined s' gle limit of not less tha i S1,000,000 per occurrence for ink to or death of persons and damage to or loss or destruction of property. Said policy shall be endorsed to provide contractual liability coverage for liability assumed. under this Lease and shall be of of form that does of deny coverage for operations conducted within 50 :feet of any railroad hazard. In addition, said policy shall be endorsed to name Norfolk Southern Railway Company as an additional insureds and shall include a severability of interests provision, Pn"or to entry on NSRC property, a certificate evidencing such insanec sail be finished to and approved by: David fi`n'es, Director Risk Management Norfolk Southern Corporation Three Commercial place, Norfolk, vir im a 23510-2191 Telephone: (757) 629 -2701 'ax: (757) 629 -27361 The certificate of insurance shall state that thirty 30 days advance wTitten notice will be given to NSRC of ray material change in,, or cancellation of such insurance. The fam] shing by Lessee o.f such evidence o f insu.rance and acceptance of the same by NSRC is not intended to and shall not reduce, limit, affect or modify the primary obligations and fiab.ifities of Lessee under any other provisions of this Lease. EXHIBIT "B" Federal Wat r Pollution Control Act (Clean Water Act), 33 T.S.C. 125 et sue. _ Air Pollution Prevention and Control Act (Clean Air Act), 42 U.S.C. 7401 et a. 3. resource Conservation and Recovery Act of 1976, 42 U.S.C. 6901 et sue. 4- Comprehensive Environmental Response, Compensation and .liability Act of 1980 (Superftmd Act) PL 96-510. 5. The Rivers and Harbors Act of 1899 (The Refuse Act), 33 US.C. 401-413. 6. Federal Insecticide Fungicide and Rodenticide Act, 7 1 .&C. 136 et sue. 7. Tox 1 c S ab stances Control Act, 15 U.S.C. 2601 et . S. hazardous and Solid Waste Amendments of 1984, P.L. 98-616, nil ding but not limited to Title VI (relating to underground storage tanks); codified as Subtitle I of dwd!§� the Resource Conservation and Recovery Act. 9. Superf nd Amendments and Reauthofization Act of 1986, P- , Na. 99 -499. M Emergency Planm*ng and Community Right-to-Know Act of 1986, P.L. No, 99 -499. This is not intended to a comprehensive list of federal statutes but is ill s rativ only.