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HomeMy WebLinkAbout07-15-05 Redevelopment Commission MinutesA :4 SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING July 15, 2005 10:00 a.m. Presiding: Marcia I. Jones, President 1. ROLL CALL Members Present: Legal Counsel: 227 West Jefferson Boulevard South Bend, Indiana Ms. Marcia Jones, President Mr. Karl King, Vice President Mr. Robert W. Hunt, Secretary Mr. Hardie Blake, Jr. Mr. Greg Downes Ms. Cheryl Greene, Esq. Redevelopment Staff: Mr. Don Inks, Director Ms. Pamela Morris, Recording Secretary Mr. Tim Williams, Economic Development Specialist Mr. Andy Laurent, Economic Development Specialist Mr. Tedd Schaffer, Economic Development Specialist Ms. Michelle Tomchak, Housing Specialist Others Present: Ms. Pam Paluszewski, Legal Dept. Mr. Anthony Serianni, Ancatrice, LLC Mr. Michael Urbanski, Garden Homes Mr. King noted that there is a revised agenda for the July 15, 2005 Meeting. Mr. King made a motion that the Revised Agenda be accepted and approved. Mr. Hunt seconded the motion and the Commission approved the Revised Agenda dated July 15, 2005. 2. APPROVAL OF MINUTES A. Approval of Minutes of the Regular Meeting of Friday, June 17, 2005. Upon a motion by Mr. Hunt, seconded by Mr. Downes and unanimously carried, the Commission approved the minutes of the Regular Meeting of Friday, June 17, 2005. COMMISSION APPROVED THE REVISED AGENDA DATED JULY 15, 2005. COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF FRIDAY, JUNE 17, 2005. r G South Bend Redevelopment Commission Regular Meeting — July 15, 2005 2. APPROVAL OF MINUTES (CONT.) B. Approval of Minutes of the Regular Meeting of Friday, July 1, 2005. Upon a motion by Mr. Hunt, seconded by Mr. Downes and unanimously carried, the Commission approved the minutes of the Regular Meeting of Friday, July 1, 2005. C. Approval of Minutes of the Special Meeting of Tuesday, July 5, 2005. Upon a motion by Mr. Hunt, seconded by Mr. Downes and unanimously carried, the Commission approved the minutes of the Special Meeting of Tuesday, July 5, 2005. 3. APPROVAL OF CLAIMS COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF FRIDAY, JULY 1, 2005. COMMISSION APPROVED THE MINUTES OF THE SPECIAL MEETING OF TUESDAY, JULY 5, 2005. Redevelopment Commission Claims submitted July 15, 2005 for approval. FUND 305 SBCDA 2003 BOND Wightman Petrie, Inc. Weaver Boos Consultants LLC HG Christman Construction Co. SBD Reorigraphics South Bend Tribune Tri County News 324 AIRPORT AEDA NIPSCO SBD Reprographics R.E. Pitts & Associates 414 SAMPLE -EWING GENERAL Baker General Maintenance South Bend Water Works CFH Landscape Services C' 1 2 832.50 375.00 471,016.77 97.75 79.12 62.32 1,156.88 74.80 2,500.00 200.00 130.66 2,895.00 Studebaker National Museum T 14 South Bend Redevelopment Commission Regular Meeting — July 15, 2005 3. APPROVAL OF CLAIMS (CONT.) 420 FUND TIF DISTRICT -SBCDA GENERAL Fitzmaurice Landscaping Trans Tech Electric, L.P. Rose Pest Solutions 422 WASHINGTON CFH Landscape Services 428 FUND AIRPORT 2003 BOND Fitzmaurice Landscaping Hardcore Concrete Sawing & Sealing, Inc. DLZ 380.00 558.44 85.00 •1 ft 945.00 380.00 250.00 $ 482,179.24 Upon a motion by Mr. Hunt, seconded by Mr. King and unanimously carried, the Commission approved the Claims submitted July 15, 2005, and ordered checks to be released. 4. COMMUNICATIONS There were no Communications. 5. OLD BUSINESS There was no Old Business. 6. NEW BUSINESS A. Tax Abatements (1) Commission approval requested for Resolution No. 2177 approving an application for real property tax deduction for property located at 3021 and 3025 West Calvert Street in the Sample -Ewing Development Area. (Garden Homes by E.L., Inc.) C' 1 3 COMMISSION APPROVED THE CLAIMS SUBMITTED JULY 15, 2005, AND ORDERED THE CHECKS TO BE RELEASED. THERE WERE NO COMMUNICATIONS THERE WAS NO OLD BUSINESS South Bend Redevelopment Commission Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) A. Tax Abatements (1) continued... Mr. Schaffer gave the staff report on the project. Garden Homes will construct two new homes on two vacant lots, 3021 and 3025 West Calvert St. Each home will be approximately 1,036 square feet, with three (3) bedrooms, five rooms, with a full 8 foot basement. The homes will have a 20' by 21' attached garage on a 60' by 120' lot. The cost of each new home will be approximately $100,000 with a market value of $110,000 making the total project value approximately $200,000. A review of the tax abatements previously granted, finds that the petitioner has been associated with or granted sixteen previous tax abatements. The building commissioner has reviewed this petition and finds the properties to be properly zoned for the proposed project. The properties are located in the Sample Ewing Development Area, which is a Tax Incremental Allocation Area; therefore, the petition for real property tax abatement must first be approved by the South Bend Redevelopment Commission. The project does meet the qualifications for a five year residential tax abatement under the Tax Abatement Ordinance. Based on a total project cost of $200,000 the cost of the tax abatement per home is as follows: C 1 4 South Bend Redevelopment Commission ILI Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) A. Tax Abatements (1) continued... Mr. Urbanski explained that Garden Homes received abatement on the remainder of the homes they were building on West Calvert about a year and a half ago. They neglected to include these two, so they would like to have these two approved at this time. Upon a motion by Mr. Hunt, seconded by Mr. King and unanimously carried, the Commission approved Resolution No. 2177 approving an application for real property tax deduction for property located at 3021 and 3025 West Calvert Street in the Sample - Ewing Development Area. (Garden Homes by E.L., Inc.) (2) Commission approval requested for Resolution No. 2178 approving an application for real property tax deduction for property located at 115 South Hill Street in the South Bend Central Development Area. (Ancatrice, LLC / Omicron Biochemicals, Inc.) Mr. Schaffer reported that Ancatrice, LLC is the holding company and Omicron Biochemicals, Inc. is the operating company. Omicron Biochemicals is a manufacturer of specialty stable isotopically labeled C' 1 5 COMMISSION APPROVED RESOLUTION NO. 2177 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 3021 AND 3025 WEST CALVERT STREET IN THE SAMPLE -EWING DEVELOPMENT AREA. (GARDEN HOMES BY E.L., INC.) Estimated taxes over five (5) years Without abatement $7,629.65 With 5 -yr abatement $1,467.25 Estimated cost of 5 -yr abatement $6,084.65 Mr. Urbanski explained that Garden Homes received abatement on the remainder of the homes they were building on West Calvert about a year and a half ago. They neglected to include these two, so they would like to have these two approved at this time. Upon a motion by Mr. Hunt, seconded by Mr. King and unanimously carried, the Commission approved Resolution No. 2177 approving an application for real property tax deduction for property located at 3021 and 3025 West Calvert Street in the Sample - Ewing Development Area. (Garden Homes by E.L., Inc.) (2) Commission approval requested for Resolution No. 2178 approving an application for real property tax deduction for property located at 115 South Hill Street in the South Bend Central Development Area. (Ancatrice, LLC / Omicron Biochemicals, Inc.) Mr. Schaffer reported that Ancatrice, LLC is the holding company and Omicron Biochemicals, Inc. is the operating company. Omicron Biochemicals is a manufacturer of specialty stable isotopically labeled C' 1 5 COMMISSION APPROVED RESOLUTION NO. 2177 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 3021 AND 3025 WEST CALVERT STREET IN THE SAMPLE -EWING DEVELOPMENT AREA. (GARDEN HOMES BY E.L., INC.) South Bend Redevelopment Commission Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) A. Tax Abatements (2) continued... biological molecules for use in chemical, biochemical, biological, medical and clinical investigations. They have purchased the building at 115 S. Hill Street and plan to re -roof, install new windows, recondition the exterior surface, seal exterior door openings and replace with new doors, remodel bathrooms, build new research laboratories and remodel the front office. The cost of the project will be $200,000. This project will create one to two new jobs with an annual payroll of $90,000 or $45,000 per new job. They will also maintain five (5) current full -time and five (5) current part-time jobs representing an annual payroll of $420,000. A review of the tax abatements previously granted, finds that the petitioner has not been associated with or granted any previous tax abatements. The building commissioner has reviewed the petition and finds the property to be properly zoned for the proposed project. The property is located in the South Bend Central Development Area, which is a Tax Increment Allocation Area; therefore, the petition for real property tax abatement must first be approved by the South Bend Redevelopment Commission. The project does meet the qualifications for a seven year real property tax abatement under the Tax Abatement Ordinance. C 1 6 South Bend Redevelopment Commission Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) A. Tax Abatements (2) continued... Based on a total project cost of $200,000 the cost of the tax abatement is as follows: Dr. Serianni of Ancatrice, LLC addressed the Commission. Omicron Biochemicals, Inc. has been in business since 1982. The Company needs to expand and needs more ce, space at its current location of 1347 Ironwood Drive has been consumed. Mr. Hunt asked if part or the entire operation will be moved to the new facility. Dr. Serianni replied that the Ironwood facility will be completely vacated. Upon a motion by Mr. King, seconded by Mr. Hunt and unanimously carried, the Commission approved Resolution No. 2178 approving an application for real property tax deduction for property located at 115 South Hill Street in the South Bend Central Development Area. ( Ancatrice, LLC / Omicron Biochemicals, Inc.) 7 COMMISSION APPROVED RESOLUTION NO. 2178 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 115 SOUTH HILL STREET IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA. (ANCATRICE, LLC / OMICRON BIOCHEMICALS, INC.) Estimated taxes over seven (7) yrs Without abatement $30,835 With 7 -yr abatement $13,259 Estimated cost of 7 -yr abatement $17,576 Dr. Serianni of Ancatrice, LLC addressed the Commission. Omicron Biochemicals, Inc. has been in business since 1982. The Company needs to expand and needs more ce, space at its current location of 1347 Ironwood Drive has been consumed. Mr. Hunt asked if part or the entire operation will be moved to the new facility. Dr. Serianni replied that the Ironwood facility will be completely vacated. Upon a motion by Mr. King, seconded by Mr. Hunt and unanimously carried, the Commission approved Resolution No. 2178 approving an application for real property tax deduction for property located at 115 South Hill Street in the South Bend Central Development Area. ( Ancatrice, LLC / Omicron Biochemicals, Inc.) 7 COMMISSION APPROVED RESOLUTION NO. 2178 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 115 SOUTH HILL STREET IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA. (ANCATRICE, LLC / OMICRON BIOCHEMICALS, INC.) South Bend Redevelopment Commission Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) B. Housing (1) Commission approval requested for Loan and Grant in connection with the South Bend Home Improvement Program for property located at 116 W. Donald Street. (Gong -Yin Le) Mr. Inks reported that the amount of the loan request is $5,000 and the amount of the grant is $4,000. Upon a motion by Mr. King, seconded by Mr. Hunt and unanimously carried, the Commission approved a Loan and Grant in connection with the South Bend Home Improvement Loan Program for property located at 116 W. Donald Street. (Gong -Yin Le) (2) Commission approval requested for Loan and Grant in connection with the South Bend Home Improvement Program for property located at 506 S. Albert Street. (Bernice McDonald) Mr. Inks reported that the amount of the loan request is $5,750 and the amount of the grant is $7,500. Upon a motion by Mr. King, seconded by Mr. Hunt and unanimously carried, the Commission approved a Loan and Grant in connection with the South Bend Home Improvement Loan Program for property located at 506 S. Albert Street. (Bernice McDonald) ��' 8 COMMISSION APPROVED A LOAN AND GRANT IN CONNECTION WITH THE SOUTH BEND HOME IMPROVEMENT LOAN PROGRAM FOR PROPERTY LOCATED AT 116 W. DONALD STREET. (GONG -YIN LE) COMMISSION APPROVED A LOAN AND GRANT IN CONNECTION WITH THE SOUTH BEND HOME IMPROVEMENT LOAN PROGRAM FOR PROPERTY LOCATED AT 506 S. ALBERT STREET. (BERNICE MCDONALD) South Bend Redevelopment Commission Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) B. Housing (3) Commission approval requested for Loan and Grant in connection with the South Bend Home Improvement Program for property located at 927 W. LaSalle Avenue. (Gay R. Smith) Mr. Inks reported that the amount of the loan request is $2,700 and the amount of the grant is $7,500. Upon a motion by Mr. King, seconded by Mr. Hunt and unanimously carried, the Commission approved a Loan and Grant in connection with the South Bend Home Improvement Loan Program for property located at 927 W. LaSalle Avenue. (Gay R. mvk Smith) km� (4) Commission approval requested for Loan and Grant in connection with the South Bend Home Improvement Program for property located at 1316 E. Fox Street. (Marie A. Crist a.k.a. Marie A. Williams.) Mr. Inks reported that the amount of the loan request is $4,500 and the amount of the grant is $3,655. Ms. Jones noted for the record that two of the Loan and Grant applications are payable upon sale of the home, and the remaining two homeowners will be making monthly payments. Upon a motion by Mr. King, seconded by Mr. Hunt and unanimously carried, the Commission approved a Loan and Grant in connection with the South Bend Home C 1 9 COMMISSION APPROVED A LOAN AND GRANT IN CONNECTION WITH THE SOUTH BEND HOME IMPROVEMENT LOAN PROGRAM FOR PROPERTY LOCATED AT 927 W. LASALLE AVENUE. (GAY R. SMITH) COMMISSION APPROVED A LOAN AND GRANT IN CONNECTION WITH THE SOUTH BEND HOME IMPROVEMENT LOAN PROGRAM FOR PROPERTY LOCATED AT 1316 E. FOX STREET. (MARIE A. GRIST A.K.A. MARIE A. WILLIAMS) wp-_Izm LIR C� I South Bend Redevelopment Commission Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) B. Housing (4) continued... Improvement Loan Program for property located at 1316 E. Fox Street. (Marie A. Crist a.k.a. Marie A. Williams) C. South Bend Central Development Area (1) Staff report on disposition of property in the South Bend Central Development Area. (St. Joseph /Jefferson Garage Office Project) Mr. Inks reported that at a Special Meeting of the Redevelopment Commission held on July 5, 2005 staff received one (1) proposal from Jefferson Street Associates, LLC and Browning Investments. The bid includes all necessary documents. It also includes the 10% faithful performance guarantee. Jefferson Street Associates/Browning Investments has offered $162,500 which was the minimum offering price. The proposed project is a 38,400 sft Class A office development, which exceeds the minimum 30,000 sft requirement. Staff has reviewed the proposal and finds that all bid specifications and requirements were satisfied. Staff recommends accepting the proposal and proceeding to negotiate a development agreement. Upon a motion by Mr. Downes, seconded by Mr. Blake and unanimously carried, the Commission accepted the proposal of Jefferson Street Associates and Browning Investments for Tax Key No. 18- 3001 -0024 in the South Bend Central Development Area 10 COMMISSION ACCEPTED THE PROPOSAL OF JEFFERSON STREET ASSOCIATES AND BROWNING INVESTMENTS FOR TAX KEY NO. 18- 3001- 0024 IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA AND AUTHORIZED STAFF TO NEGOTIATE A DEVELOPMENT AGREEMENT (SW CORNER OF ST. JOSEPH ST. AND JEFFERSON BLVD.) South Bend Redevelopment Commission LW Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (1) continued... and authorized staff to negotiate a development agreement (SW corner of St. Joseph St. and Jefferson Blvd.) (2). Commission authorization requested to use the Wayne Street garage in the South Bend Central Development Area on August 26, 2005. (Bike Night sponsored by Club Fever /222 Italian Steakhouse) Mr. Williams noted that Club Fever /222 Italian Steakhouse would like to hold a benefit for the Shop with a Cop program on August 26, 2005 on the rooftop of the Wayne Street parking garage. There will be a disc jockey for entertainment. Alcohol will be served according to law. Security will be provided by the FOP Lodge #36; Club Fever will provide cleanup after the event; Club Fever has provided a $500 security deposit against damage to the garage; and a certificate of insurance naming the City of South Bend as an insured has been provided. Ms. Greene noted that this use is a slight departure from what the Commission has allowed in the past. Usually the events authorized to use Commission property are sponsored by non - profit agencies. This is a for - profit company working to benefit a non- profit agency. Fifty percent of the gate and 10% of vendor sales will go to benefit the "Shop with a Cop" program. Staff has reported that the activity, if it is well handled, will encourage the perception of the downtown as an entertainment district. cl 11 South Bend Redevelopment Commission Regular Meeting — July 15, 2005 %W� 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (2) continued... In addition, the FOP Lodge #36 has committed to provide a certain number of uniformed police to maintain security at the event. Ms. Greene also noted that she has requested the Redevelopment Commission be added to the Certificate of Insurance as an additional insured. She is checking with the legal staff who work with the City's insurance to make sure the amount of insurance is sufficient. Upon a motion by Mr. King, seconded by Mr. Downes and unanimously carried, the Commission authorized the use of the Wayne Street parking garage for a rooftop Bike Night on August 26, 2005 subject to the South Bend Redevelopment Commission being added as an additional insured on the Certificate of Insurance and further subject to the coverage limits being acceptable to legal counsel. D. Sample -Ewing Development Area (1) Staff report on acquisition of real property in the Sample -Ewing Development Area. (Norfolk Southern) Mr. Laurent noted that the Redevelopment Commission sent a non - eminent domain purchase offer to Norfolk Southern Corporation on February 15, 2005 for a seven -acre property between Kendall Street and Franklin Street, owned by their subsidiary New Jersey Indiana & Illinois IL 1 12 COMMISSION AUTHORIZED THE USE OF THE WAYNE STREET PARKING GARAGE FOR A ROOFTOP BIKE NIGHT ON AUGUST 26, 2005 SUBJECT TO THE SOUTH BEND REDEVELOPMENT COMMISSION BEING ADDED AS AN ADDITIONAL INSURED ON THE CERTIFICATE OF INSURANCE AND FURTHER SUBJECT TO THE COVERAGE LIMITS BEING ACCEPTABLE TO LEGAL COUNSEL South Bend Redevelopment Commission Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) D. Sample -Ewing Development Area (1) continued... Railroad Company. The authorized offering price was set by the Commission at $103,250. Staff received a counter offer from Norfolk Southern Corporation dated June 29, 2005 in the amount of $115,000. Norfolk Southern hired an MAI appraiser following their receipt of the purchase offer from the Commission, and their counter offer reflects the value noted in their disposition appraisal. Staff feels that this counter offer, which amounts to approximately $16,000 per acre, is both fair and reasonable. Given the fact that the Commission cannot exercise eminent domain against a railroad company (as determined by legal counsel), staff feels that coming to such a quick agreement on price with the railroad is a blessing. Staff recommends accepting the counter offer. Upon approval, staff will work with legal counsel and Norfolk Southern representatives to develop an equitable purchase agreement that will then be brought to the Commission for its approval. Ms. Greene noted that Norfolk Southern indicated that it is their internal policy to provide us with a sales contract, so we will be waiting for that to arrive and report back to the Commission as necessary Upon a motion by Mr. Hunt, seconded by Mr. Downes and unanimously carried, the Commission accepted the counter offer of $115,000 from Norfolk Southern Corporation IL 1 13 COMMISSION ACCEPTED THE COUNTER OFFER OF $115,000 FROM NORFOLK SOUTHERN CORPORATION FOR PROPERTY BETWEEN KENDALL AND FRANKLIN STREETS IN THE SAMPLE -EWING DEVELOPMENT AREA. South Bend Redevelopment Commission Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) D. Sample -Ewing Development Area (1) continued... for property between Kendall and Franklin Streets in the Sample -Ewing Development Area. E. Airport Economic Development Area F. South Bend Medical Services District G. West Washington- Chapin Development Area H. South Side Development Area (1) Commission approval requested for proposal for professional services in the South Side Development Area. (Appraisal IL work at 4223 S. Main Street.) Mr. Williams noted that items 6. H. (1) and 6. H. (2) are related to the same property. Acquisition of 4223 S. Main St. is needed to complement acquisitions already completed at 4201, 4209 and 4309 S. Main St. The combined properties will be used for a proposed reconfiguration of S. Main St. We need two appraisals and a title search to move forward. Witt Appraisal Services submitted a proposal to perform an appraisal of the property for a fee of $700. Chris Michaels Appraisals submitted a proposal to do the work for a fee of $325. Staff recommends accepting both proposals. Upon a motion by Mr. King, seconded by Mr. Hunt and unanimously carried, the Commission approved the request for proposals for professional services in the South Side Development Area and accepted the proposals from Witt Appraisal Services 14 COMMISSION APPROVED THE REQUEST FOR PROPOSALS FOR PROFESSIONAL SERVICES IN THE SOUTH SIDE DEVELOPMENT AREA AND ACCEPTED THE PROPOSALS FROM WITT APPRAISAL SERVICES AND CHRIS MICHAELS FOR THE SCOPE OF SERVICES AND FEE PROPOSED. South Bend Redevelopment Commission Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) H. South Side Development Area (1) continued... and Chris Michaels for the scope of services and fee proposed. (2) Commission approval requested for proposal for professional services in the South Side Development Area. (Title search at 4223 S. Main Street) Mr. Williams noted that Meridian Title submitted a proposal to perform the title search for a fee of $150. Staff recommends accepting the proposal. Upon a motion by Mr. King, seconded by Mr. Hunt and unanimously carried, the Commission approved the request for proposal for professional services in the South Side Development Area and accepted the proposal from Meridian Title for the scope of services and fee proposed I. Northeast Neighborhood Development Area J. Other (1) Commission approval requested for proposal from Crowe Chizek and Company, LLC to provide an analysis of Assessed Values in the Tax Increment Financing (TIF) Allocation Areas for the City of South Bend. Mr. Inks noted that the purpose of the analysis is to analyze the accuracy of assessed values. That would entail a review of the parcel list that the auditor has for each TIF area compared to a GIS boundary map 15 COMMISSION APPROVED THE REQUEST FOR PROPOSAL FOR PROFESSIONAL SERVICES IN THE SOUTH SIDE DEVELOPMENT AREA AND ACCEPTED THE PROPOSAL FROM MERIDIAN TITLE FOR THE SCOPE OF SERVICES AND FEE PROPOSED South Bend Redevelopment Commission IL Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) J. Other (1) continued... showing all the parcels in the most recent boundaries. The second purpose would be for Crowe to review and make recommendations concerning base values for the TIF Areas. After each general reassessment, there is an adjustment process that the auditor applies to the base value of each TIF area. In the past we have hired outside consultants to work with us to review the auditor's adjustments and determine whether any further adjustments are appropriate. This study covers this review as well. Mr. Inks noted that the proposal is broken down into two steps. Step one is a review of the current records and preparation of an action plan on how to proceed. The cost of that step is not to exceed $7,500. The balance of the work will be the analysis of the assessed values and recommendations for adjustments to base values. The fee for that part of the proposal will be costed out after development of the action plan. In communications with Crowe Chizek, they initially indicated they did not expect the total cost of this to exceed $35,000. We have asked that all of the TIF areas be included in this review and that the cost be broken down by TIF area so that the TIF areas can pay their respective share of the study. Mr. King noted that in order to avoid any appearance of impropriety he will abstain from discussion and vote on this item. He retired from Crowe Chizek in 1999. IL 1 16 South Bend Redevelopment Commission Regular Meeting — July 15, 2005 6. NEW BUSINESS (CONT.) J. Other (1) continued... Although he no longer has any ownership in the company he does receive retirement payments and he participates in Crowe Chizek's health insurance plan. Upon a motion by Mr. Hunt, seconded by Mr. Downes and unanimously carried, the Commission approved the proposal from Crowe Chizek and Company, LLC to provide an analysis of Assessed Values in the Tax Increment Financing (TIF) Allocation Areas for the City of South Bend. Mr. King asked what the staff will do with the information once they have the analysis from Crowe Chizek. Can the Auditor choose to ignore it? Mr. Inks responded that the Auditor will accept the accurate information on what parcels are to be included in the development area. They often just have trouble keeping up with the changes that occur. The Auditor does, however, have some discretion about what to do with the recommendations for adjustments to base values. That is why we are hiring a company of the caliber and experience of Crowe Chizek who can come to the table and help us make our case. The Auditor has made such adjustments in the past. 7. PROGRESS REPORTS Ms. Greene noted that there are a number of development agreements in progress, related to the IL 1 17 COMMISSION APPROVED THE PROPOSAL FROM CROWE CHIZEK AND COMPANY, LLC TO PROVIDE AN ANALYSIS OF ASSESSED VALUES IN THE TAX INCREMENT FINANCING (TIF) ALLOCATION AREAS FOR THE CITY OF SOUTH BEND. PROGRESS REPORTS South Bend Redevelopment Commission Regular Meeting — July 15, 2005 7. PROGRESS REPORTS (CONT.) Studebaker Museum project and the St. Joseph/Jefferson project. These will be coming before the Commission shortly. Ms. Greene also noted that there are also a number of appraisals, surveys, and studies which the Commission has previously authorized which are in progress and will be coming back before the Commission shortly as well. 8. NEXT COMMISSION MEETING The next meeting of the Redevelopment Commission is scheduled for Friday, August 5, 2005 at 10:00 a.m. 9. ADJOURNMENT There being no further business to come before the Redevelopment Commission, Mr. King made a motion that the meeting be adjourned. Mr. Hunt seconded the motion and the meeting was adjourned at 10:31 a.m. Donald E. nks, Director 1F NEXT COMMISSION MEETING ADJOURNMENT Marcia I. es, Presi t P] Fj P]