HomeMy WebLinkAbout04-19-02 Redevelopment Commission Minutes14
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SOUTH BEND REDEVELOPMENT COMMISSION
REGULAR MEETING
April 19, 2002
10:00 a.m.
Presiding: Robert W. Hunt, President
RECESSED AND RECONVENED ON APRIL 24, 2002
April 24, 2002
8:00 a.m.
Presiding: Robert W. Hunt, President
1. ROLL CALL
Members Present:
Member Absent:
227 West Jefferson Boulevard
South Bend, Indiana
227 West Jefferson Boulevard
South Bend, Indiana
Mr. Robert W. Hunt, President
Ms. Marcia Jones, Vice - President
Mr. Philip J. Faccenda, Secretary (April 24 only)
Ms. M. Catherine Roemer
Mr. Matt Kahn (both sessions)
Legal Counsel: Ms. Aladean DeRose
Redevelopment Staff: Mr. Jon Hunt, Executive Director (April 19 only)
Mr. Don Inks, Director (April 24 only)
Ms. Pamela Morris, Recording Secretary
Mr. Mike Beitzinger, Assistant Director (April 19 only)
Ms. Ann Kolata, Senior Redevelopment Specialist (April 19 only)
Mr. Andy Laurent, Economic Development Specialist (April 19 only)
Mr. Robert Mathia, Economic Development Specialist (April 19 only)
Others: Ms. Pam Paluszewski, Legal Department
Ms. Anne Bruneel, Baker & Daniels
Mr. Rich Hill, Baker & Daniels
Mr. Abe Marcus (April 19 only)
Mr. Joe Grabill, LaSalle Property Management (April 19 only)
Mr. Chris Kirby, LaSalle Property Management Co. (April 19 only)
Mr. Rand Nilsson, Barnes & Thornburg (April 24 only)
Mr. Dick Paulen, Barnes & Thornburg (April 24 only)
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South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
2. APPROVAL OF MINUTES
A. Commission approval of the Minutes of the
Regular Meeting of March 15, 2002.
Upon a motion by Ms. Roemer, seconded by
Ms. Jones and unanimously carried, the
Commission approved the Minutes of the
Regular Meeting of March 15, 2002.
B. Commission approval of the Minutes of the
Special Meeting of March 28, 2002.
Upon a motion by Ms. Roemer, seconded by
Ms. Jones and unanimously carried, the
Commission approved the Minutes of the
Special Meeting of March 28, 2002.
C. Commission approval of the Minutes of the
Regular Meeting of April 5, 2002.
Upon a motion by Ms. Roemer, seconded by
Ms. Jones and unanimously carried, the
Commission approved the Minutes of the
Regular Meeting of April 5, 2002.
3. APPROVAL OF CLAIMS
COMMISSION APPROVED THE MINUTES OF THE
REGULAR MEETING OF MARCH 15, 2002.
COMMISSION APPROVED THE MINUTES OF THE
SPECIAL MEETING OF MARCH 28, 2002.
COMMISSION APPROVED THE MINUTES OF THE
REGULAR MEETING OF APRIL 5, 2002.
Redevelopment Commission Claims submitted April 19, 2002 for approval.
212 CDBG COMMUNITY DEVELOPMENT
Ann Kolata $
Meridian Title Corporation
PAC Bannerworks/Plastic
Tri- County News
South Bend Tribune
324 FUND
Lang, Feeney & Associates, Inc.
Illinois Lawn Equipment Inc.
2
78.41
370.00
9.00
29.38
30.91
600.00
58,513.47
G
A
:4
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
Shamrock Network Design
DLZ
Newood Fixtures
Easy Picker Golf Products Inc
Wightman Petrie Environmental Inc.
Sopko, Nussbaum & Inabnit
Hi -Tech SMR Communications
414 SAMPLE -EWING
Jonathan Baker
NIPSCO
Envirocorp
Jonathan Baker
420 SBCDA
Grauvogel & Associates
Jerome E. Michaels
CB Richard Ellis
Lang, Feeney & Associates, Inc.
Meridian Title Corporation
Lehman & Lehman, Inc.
424 TIF SBCDA- BUILDING OPERATIONS
South Bend Water Works
CB Richard Ellis
AEP
Hill's True Value Hardware
426 SBC MEDICAL TIF
DLK Architects, Inc.
619 BLACKTHORN
Meadowbrook Golf Group
150.00
9,936.18
2,268.83
1,375.15
550.00
720.00
1,756.00
1,266.67
3,704.00
2,440.00
970.00
1,982.50
2,000.00
231.62
800.00
150.00
4,706.40
151.38
1,425.28
1,271.93
21.40
3,654.13
7,450.00
$ 96,215.18
3
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
3. APPROVAL OF CLAIMS (CONT.)
Upon a motion by Ms. Roemer, seconded by Ms.
Jones and unanimously carried, the Commission
approved the Claims submitted April 19, 2002, and
ordered the checks to be released.
4. COMMUNICATIONS
There were no Communications.
5. OLD BUSINESS
A. Sample -Ewing Development Area
(1) Commission approval requested for
Contract For Sale in the Sample -
Ewing Development Area.
Staff requested Item 5.A.1. be deferred
until the end of the meeting. There were
no objections and the Commission
deferred Item 5.A.1.
6. NEW BUSINESS
A. Tax Abatements
(1) Commission approval requested for
Resolution No. 1886 approving an
application for real property tax
deduction for property located at
237 North Michigan Street in the
South Bend Central Development
Area. (LaSalle Property Management
Co., LLC.)
LaSalle Property Management Co. is a
recently formed Indiana limited liability
company that has been formed to acquire
L
COMMISSION APPROVED THE CLAIMS SUBMITTED
APRIL 19, 2002, AND ORDERED THE CHECKS TO
BE RELEASED.
THERE WERE NO COMMUNICATIONS.
COMMISSION DEFERRED ITEM 5.A.1.
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
A. Tax Abatements
(1) continued...
and renovate the former LaSalle Hotel
located on the southwest corner of
Michigan and LaSalle Streets. LaSalle
Property Management Co. has entered
into a contract to purchase the 105,000
sft. building from Charismatic Renewal
Services. Charismatic Renewal Services
will not be involved in the renovation
project and only signed on the tax
abatement application due to its current
ownership position.
The proposed renovations include a new
roof, a fire suppression system,
renovation of the elevators, and asbestos
abatement (removal of asbestos in areas
where the public or employees would
have contact with asbestos containing
materials). The total cost of these
renovations has been estimated at
$2,050,000. Over the next three years
the petitioner is planning additional
renovations adding another $3.2 million
to the total project cost. The first two
floors will be converted into a restaurant
with banquet and conference facilities
and the balance of the building will be
converted into residential units.
It is estimated that this project will create
twenty new permanent jobs within the
first year, representing a new annual
payroll of $400,000.
L
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
A. Tax Abatements
(1) continued...
The petitioner has not been granted any
previous tax abatements. The property is
properly zoned for the proposed project.
The property is located in an area
presently designed as a Tax Abatement
Impact Area by the South Bend
Common Council. The property is
located in the South Bend Central
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.
A review of the Tax Abatement
Ordinance finds that the petitioner meets
the qualifications for a ten -year real
property abatement.
Based on a total estimated project cost of
$5,250,000 the cost of the tax abatement
is as follows:
C6
Estimated taxes
over 10 years
Without abatement
$840,191
With 10 -year
$424,296
abatement
Estimated cost of
$415,894
10 -year abatement
C6
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
A. Tax Abatements
(1) continued...
Mr. Joe Grabill, LaSalle Property
Management, advised that LaSalle
Property presently has the building under
contract, and also has a mixed -use
development plan for the property.
LaSalle Property previously signed a
lease, contingent on LaSalle's ability to
close, with an experienced restaurant
operator that is interested in opening a
"white table cloth" restaurant on the first
floor, with banquet and wedding
facilities on the second floor. It is
anticipated that the next three floors
would be a boutique/hotel operation and
negotiations have begun with
prospective parties. Mr. Grabill noted
that one of the challenges with respect to
the boutique/hotel project is that the old
hotel is configured into extremely small
rooms, and the walls are loaded with
asbestos; renovations to convert to
modern hotel rooms will be expensive.
Mr. Grabill added that the floors above
five would be converted to high -end
residential apartments. These units
would lease for more than $1,000 per
month and would attract upscale
professionals, not presently represented
in the residential base, to the downtown
business district.
Mr. Robert Hunt inquired as to the time
frame for the second and third phases of
the proposed project.
7
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
A. Tax Abatements
(1) continued...
Mr. Grabill responded that there has
been a fair amount of interest in the
residential conversions; however, a
current concern is parking restrictions.
There are presently sixty parking spaces
available and each residential unit will
require two, which would then leave a
deficit for restaurant use. An additional
concern is the lack of pedestrian traffic
flow needed to establish a base of logical
clients for the white table cloth
restaurant, which is expected to open
within six months of closing. Mr.
Grabill explained that the boutique/hotel
operation will be a natural feeder to the
restaurant; therefore, it will be important
for the long term success of the project,
and ultimately both operations will
compliment each other. Because of
these concerns, LaSalle Property is first
seeking to secure a developer for the
boutique/hotel operation, which is
expected to begin construction within
one year. The final component of the
project would be the residential
apartments.
Upon a motion by Ms. Roemer,
seconded by Ms. Jones and unanimously
carried, the Commission approved
Resolution No. 1886 approving an
application for real property tax
deduction for property located at
237 North Michigan Street in the South
Bend Central Development Area.
IL (LaSalle Property Management Co.,
LLC.)
COMMISSION APPROVED RESOLUTION NO. 1886
APPROVING AN APPLICATION FOR REAL
PROPERTY TAX DEDUCTION FOR PROPERTY
LOCATED AT 237 NORTH MICHIGAN STREET IN
THE SOUTH BEND CENTRAL DEVELOPMENT
AREA. (LASALLE PROPERTY MANAGEMENT CO.,
LLC.)
South Bend Redevelopment Commission
IL Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
B. Housing
There was no Housing business.
C. South Bend Central Development Area
(1) Commission approval requested for
First Amendment to the Commercial
Property Management Agreement
between the South Bend
Redevelopment Commission and CB
Richard Ellis South Bend.
Mr. Mathia reported that the amendment
is an extension of the current
Commercial Property Management
Agreement the Commission holds with
CB Richard Ellis to manage properties in
the downtown area. The incorporated
changes follow:
► When the retail space in the Palais
Royale is totally occupied, the
management responsibilities will be
administered by The Morris Performing
Arts Center, and the property will be
deleted from the management
agreement.
► There is a modified fee structure
increasing management fees to 6.7
percent; however, it was noted that the
fees continue to be under the industry
standard of 7 to 10 percent.
Mr. Mathia advised that the remainder of
the agreement will stay the same and the
contract will continue on a year to year
basis, including a right to cancel with
ILsixty days notice.
9
THERE WAS No HOUSING BUSINESS.
South Bend Redevelopment Commission
IL Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
C. South Bend Central Development Area
(1) continued...
Upon a motion by Ms. Jones, seconded
by Ms. Roemer and unanimously carried,
the Commission approved the First
Amendment to the Commercial Property
Management Agreement between the
South Bend Redevelopment
Commission and CB Richard Ellis South
Bend.
D. Sample -Ewing Development Area
(1) Commission ratification requested for
Notification of Assignment for JVH,
Inc. (Sample -Olive Industrial Study
IL Area)
Mr. Jon Hunt advised that Item 6.1).1.
was related to the TJX Project and
reported that the Notification of
Assignment would preserve a transfer
arrangement between JVH, Inc. and
Escrow Agent in order to meet certain
provisions of the U.S. Treasury
regulations, Section 1.1031(k)- I (g)(4).
Upon a motion by Ms. Roemer,
seconded by Ms. Jones and unanimously
carried, the Commission ratified the
Notification of Assignment for JVH, Inc.
(Sample -Olive Industrial Study Area)
(2) Commission authorization requested
to submit Petition to Release Accrued
Tax and Remove Property from Tax
Rolls for real property acquired by
10
COMMISSION APPROVED THE FIRST AMENDMENT
TO THE COMMERCIAL PROPERTY MANAGEMENT
AGREEMENT BETWEEN THE SOUTH BEND
REDEVELOPMENT COMMISSION AND
CB RICHARD ELLIS SOUTH BEND.
COMMISSION RATIFIED THE NOTIFICATION OF
ASSIGNMENT FOR JVH, INC. (SAMPLE -OLIVE
INDUSTRIAL STUDY AREA)
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
D. Sample -Ewing Development Area
(2) continued...
the Commission and to send a letter to
the Indiana Board of Tax Review to
release personal property tax. (Allied
Products Corporation)
Ms. Kolata explained that when the
Commission acquired the Allied
Products property it assumed
responsibility for outstanding property
taxes. We intend to petition St. Joseph
County to waive the outstanding taxes.
The outstanding taxes total $559,081.22
of real property taxes (including past
taxes, current taxes and penalties), and
$34,085.20 of personal property taxes.
Ms. Kolata asked for Commission
authorization to submit the petition to
St. Joseph County and then to the
Indiana Board of Tax Review.
Upon a motion by Ms. Jones, seconded
by Ms. Roemer and unanimously carried,
the Commission authorized the
submission of Petition to Release
Accrued Tax and Remove Property from
Tax Rolls for real property, and to send a
letter to the Indiana Board of Tax
Review to release personal property tax.
(Allied Products Corporation)
(3) Commission ratification requested for
termination of lease with Jamil
Packaging Corporation. (Oliver Plow
Works property)
11
COMMISSION AUTHORIZED THE SUBMISSION OF
PETITION TO RELEASE ACCRUED TAx AND
REMOVE PROPERTY FROM TAX ROLLS FOR REAL
PROPERTY, AND TO SEND A LETTER TO THE
INDIANA BOARD OF TAx REVIEW TO RELEASE
PERSONAL PROPERTY TAX. (ALLIED PRODUCTS
CORPORATION)
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
D. Sample -Ewing Development Area
(3) continued...
Ms. Kolata reported that a requirement
of the lease with Jamil Packaging
Corporation, a tenant of the Oliver Plow
Works complex, required a 180 day
notice to vacate the premises. Ms.
Kolata advised that Jamil Packaging
Corporation was notified to vacate the
premises by midnight, Monday,
October 8, 2002. Ms. Kolata also noted
that the Commission has relocation
responsibilities regarding Jamil, and a
meeting to discuss relocation matters
will be scheduled in the near future.
%04 Upon a motion by Ms. Jones, seconded
by Ms. Roemer and unanimously carried,
the Commission ratified the termination
of lease with Jamil Packaging
Corporation. (Oliver Plow Works
property)
(4) Commission approval requested for
Third Amendment to Agreement for
Professional Services with Hull &
Associates, Inc. (General
environmental consulting services,
Studebaker /Oliver Project)
Ms. Kolata reported that staff anticipates
entering into a new contract with Hull &
Associates for the next phase of the
Studebaker /Oliver project. In the
interim, Hull's general consulting
services will still be needed. A third
12
COMMISSION RATIFIED THE TERMINATION OF
LEASE WITH JAMIL PACKAGING CORPORATION.
(OLIVER PLOW WORKS PROPERTY)
South Bend Redevelopment Commission
IL Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
D. Sample -Ewing Development Area
(4) continued...
amendment to the existing agreement
increases the total amount of the contract
for general environmental consulting
services from $25,000 to $30,000.
Upon a motion by Ms. Jones, seconded
by Ms. Roemer and unanimously carried,
the Commission approved the Third
Amendment to Agreement for
Professional Services with Hull &
Associates, Inc. (General environmental
consulting services, Studebaker /Oliver
Project)
(5) Commission approval requested for
Escrow Agreement with L.H. Leasing
Corporation.
Mr. Jon Hunt reported that the
agreement is related to the TJX Project.
With a total purchase price of $2.4
million for the site, a payment of
$600,000 would initially be made and
$1.8 million escrowed. Mr. Hunt noted
that as the site is conveyed there would
be a pro rata release of the proceeds.
Upon a motion by Ms. Roemer,
seconded by Ms. Jones and unanimously
carried, the Commission approved
Escrow Agreement with L.H. Leasing
Corporation subject to approval of the
Contract For Sale Of Land between the
City of South Bend, the South Bend
Redevelopment Commission, AJW
South Bend Realty Corp. and TJX
IL Companies, Inc.
13
COMMISSION APPROVED THE THIRD
AMENDMENT TO AGREEMENT FOR
PROFESSIONAL SERVICES WITH HULL &
ASSOCIATES, INC. (GENERAL ENVIRONMENTAL
CONSULTING SERVICES, STUDEBAKER/OLIVER
PROJECT)
COMMISSION APPROVED ESCROW AGREEMENT
WITH L.H. LEASING CORPORATION SUBJECT TO
APPROVAL OF THE CONTRACT FOR SALE OF
LAND BETWEEN THE CITY OF SOUTH BEND, THE
SOUTH BEND REDEVELOPMENT COMMISSION,
AJW SOUTH BEND REALTY CORP. AND TJX
COMPANIES, INC.
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
D. Sample -Ewing Development Area
(6) Commission approval requested for
Grant Of Temporary Easement with
L.H. Leasing Corporation.
Mr. Jon Hunt reported that the easement
is related to the TJX Project. Presently,
there is a street through the site that
serves the various tenants and properties.
The street will be vacated as part of the
overall project; however, to allow access
for current tenants, service personnel and
maintenance, the City will give
temporary easement until the street is
closed for construction.
Upon a motion by Ms. Jones, seconded
by Ms. Roemer and unanimously carried,
the Commission approved the Grant of
Temporary Easement with L.H. Leasing
Corporation subject to approval of the
Contract For Sale Of Land between the
City of South Bend, the South Bend
Redevelopment Commission, AJW
South Bend Realty Corp. and TJX
Companies, Inc.
E. Airport Economic Development Area
(1) Commission approval requested to
purchase maintenance equipment for
Blackthorn Golf Course. ( Fuerst
Harrow rake)
Mr. Jon Hunt reported that three quotes
have been received to purchase a Fuerst
Harrow Rake for the Blackthorn Golf
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COMMISSION APPROVED GRANT OF TEMPORARY
EASEMENT WITH L.H. LEASING CORPORATION
SUBJECT TO APPROVAL OF THE CONTRACT FOR
SALE OF LAND BETWEEN THE CITY OF SOUTH
BEND, THE SOUTH BEND REDEVELOPMENT
COMMISSION, AJW SOUTH BEND REALTY CORP.
AND TJX COMPANIES, INC.
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
E. Airport Economic Development Area
(1) continued...
Course. This item was approved in the 2002
capital improvement budget for the golf course.
The proposals are as follows:
Kenney Outdoor Solutions
$840.00
Southport Lawn Equip., Inc.
$895.00
Scotty's Lawn Equipment
$900.00
Staff recommends accepting the
proposal from Kenney Outdoor
Solutions for $840.00.
Upon a motion by Ms. Jones, seconded
by Ms. Roemer and unanimously carried,
the Commission approved the proposal
from Kenney Outdoor Solutions in the
Airport Economic Development Area.
(Provide Fuerst Harrow Rake for
Blackthorn Golf Course)
F. South Bend Medical Services District
There was no business.
G. West Washington- Chapin Development Area
There was no business.
H. Rescission and Reconsideration of Items
6.D.5. and 6.D.6.
Mr. Hunt requested that the 04/19/02
,. Commission action on Items 6.D.5. and 6.13.6.
be rescinded and those items be re- opened.
15
COMMISSION APPROVED THE PROPOSAL FROM
KENNEY OUTDOOR SOLUTIONS IN THE AIRPORT
ECONOMIC DEVELOPMENT AREA. (PROVIDE
FUERST HARROW RAKE FOR BLACKTHORN GOLF
COURSE)
THERE WAS NO BUSINESS IN THE SOUTH BEND
MEDICAL SERVICES DISTRICT.
THERE WAS NO BUSINESS IN THE SOUTH BEND
WEST WASHINGTON -CHAPIN DEVELOPMENT
AREA.
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
C
6. NEW BUSINESS (CONT.)
A
H. Rescission and Reconsideration of Items
6.D.5. and 6.D.6. continued...
Upon a motion by Ms. Jones, seconded by Ms.
Roemer and unanimously carried, the
Commission rescinded actions previously taken
on Items 6.D.5 and 6.D.6.
6. D. (5) Commission approval requested for
Escrow Agreement with L.H. Leasing
Corporation.
Upon a motion by Ms. Jones, seconded
by Ms. Roemer and unanimously carried,
the Commission approved Item 6.D.5.
Escrow Agreement with L.H. Leasing
Corporation without conditions.
6. D. (6) Commission approval requested for
Grant Of Temporary Easement with
L.H. Leasing Corporation.
Upon a motion by Ms. Roemer,
seconded by Ms. Jones and unanimously
carried, the Commission approved
Item 6.D.6. Grant of Temporary
Easement with L.H. Leasing Corporation
without conditions.
Mr. Inks requested that the meeting be
recessed until Wednesday, April 24,
2002 at 8:00 a.m. to approve the
Contract For Sale Of Land between the
City of South Bend, the South Bend
Redevelopment Commission, AJW
South Bend Realty Corp. and TJX
Companies, Inc. which was not yet
finalized. It is expected to be available
for review and approval early next week.
16
COMMISSION RESCINDED ACTIONS PREVIOUSLY
TAKEN ON ITEMS 6.D.5 AND 6.D.6.
COMMISSION APPROVED ITEM 6.D.5. ESCROW
AGREEMENT WITH L.H. LEASING CORPORATION
WITHOUT CONDITIONS.
COMMISSION APPROVED ITEM 6.D.6. GRANT OF
TEMPORARY EASEMENT WITH L.H. LEASING
CORPORATION WITHOUT CONDITIONS.
14
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
6. NEW BUSINESS (CONT.)
H. Rescission and Reconsideration of Items
6.D.5. and 6.D.6.
6.D.6. continued...
Mr. Inks advised that the staff will
proceed to close on the purchase of the
property at 1:00 p.m. today, as the City
has decided to demonstrate good faith
while remaining contract issues are
clarified.
There were no objections and the MEETING RECESSED
meeting was recessed at 10:40 a.m.
Mr. Hunt reconvened the meeting on MEETING RECONVENED
Wednesday, April 24, 2002 at 8:00 a.m.
5. A. (1) Commission approval requested for
Contract For Sale in the Sample -
Ewing Development Area.
Mr. Inks reported that the Contract For
Sale Of Land for private development is
between the City of South Bend, the
South Bend Redevelopment
Commission, AJW South Bend Realty
Corp. and TJX Companies, Inc. It is for
the sale of 70.95 acres of property at the
southeast corner of Sample and Olive
streets. The purchase price is $32,500
per acre; totaling $2,305,875.00. It is a
two phase construction project for an
800,000 sq ft warehouse and distribution
center. An estimated 857 jobs will be
created. In a brief overview, Mr. Inks
outlined the City's responsibilities as
follows:
17
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
5. OLD BUSINESS (CONT.)
A. Sample -Ewing Development Area
(1) continued...
► Earth work on the site.
► Relocation of utilities.
► Demolition of existing buildings.
► Remediation of environmental
conditions that have been identified and
currently exist on the site.
► By July 1, 2002, close on sale and
deliver to AJW South Bend Realty Corp.
phase I of the site so construction can
begin, and by April 2003 deliver the
balance of the site (phase II) and finish
any remaining demolition and
remediation.
Mr. Inks noted a key provision of the
agreement is providing the Company
with environmental indemnification.
Upon a motion by Ms. Jones, seconded
by Ms. Roemer and unanimously carried,
the Commission approved the Contract
For Sale of Land in the Sample -Ewing
Development Area. (City of South
Bend, South Bend Redevelopment
Commission, AJW South Bend Realty
Corp. and TJX Companies, Inc.)
7. PROGRESS REPORTS
There were no progress reports.
IL 18
COMMISSION APPROVED THE CONTRACT FOR
SALE OF LAND IN THE SAMPLE -EWING
DEVELOPMENT AREA. (CITY OF SOUTH BEND,
SOUTH BEND REDEVELOPMENT COMMISSION,
AJW SOUTH BEND REALTY CORP. AND TJX
COMPANIES, INC.)
THERE WERE NO PROGRESS REPORTS.
South Bend Redevelopment Commission
Regular Meeting —April 19, 2002
8. NEXT COMMISSION MEETING
The next Regular Meeting of the Redevelopment
Commission is scheduled for May 3, 2002 at 10:00
a.m.
9. ADJOURNMENT
NEXT COMMISSION MEETING
There being no further business to come before the ADJOURNMENT
Redevelopment Commission, Ms. Jones made a
motion that the meeting be adjourned. Ms. Roemer
seconded the motion and the meeting was adjourned
at 8:06 a.m.
Robert W. Hunt, President
19
W., �j �!- -, � Z' � �
Donald E. Inks, Director