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HomeMy WebLinkAboutRDC PACKET 9.13.2018 South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana Agenda Regular Meeting, September 13, 2018 9:30 a.m. 1. Roll Call 2. Approval of Minutes A. Minutes of the Regular Meeting of Thursday, August 23, 2018 3. Approval of Claims A. Claims Submitted September 13, 2018 4. Old Business 5. New Business A. Public Hearing 1. Resolution No. 3441 (River West Development Area) – D2 2. Resolution No. 3442 (River East Development Area) – D4 3. Resolution No. 3443 (South Side Development Area) – D5 4. Resolution No. 3444 (Douglas Road Development Area) – D4 5. Resolution No. 3445 (West Washington Allocation Area) – D2 6. Resolution No. 3446 (Redevelopment Retail) – D2 B. River West Development Area 1. Resolution No. 3447 (Accepting Property Transfer 900 S Lafayette Blvd) – D2 2. License Agreement (Vickie L Gabbard Trust) -D2 3. Budget Request (Western Avenue Streetscape Falcon-Dundee) – D2/D6 4. AEP Easement (Coveleski Park) – D2 5. Third Amendment to Real Estate Purchase Agreement (Franklin Street Technology Park) – D2 6. Development Agreement (112 West Jeff LLC) – D2 7. First Amendment to Development Agreement (One Michiana) – D2 C. River East Development Area 1. Budget Request (Howard Park) – D2 D. Administrative 1. Resolution No. 3448 (Setting Public Hearing on TIF Appropriations) - All 6. Progress Reports A. Tax Abatement B. Common Council C. Other 7. Next Commission Meeting: Thursday, September 27, 2018, 9:30 a.m. 8. Adjournment NOTICE FOR HEARING AND SIGHT IMPAIRED PERSONS Auxiliary Aid or Other Services are Available upon Request at No Charge. Please Give Reasonable Advance Request when Possible. South Be n d Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, IN SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING August 23, 2018 9:30 a.m. 227 West Jefferson Boulevard Presiding: Marcia Jones, President South Bend, Indiana The meeting was called to order at 9:30 a.m. 1.ROLL CALL Members Present:Marcia Jones, President Dave Varner, Vice-President Don Inks, Secretary Gavin Ferlic, Commissioner Quentin Phillips, Commissioner Leslie Wesley, Commissioner Members Absent: Legal Counsel: Sandra Kennedy, Esq. Redevelopment Staff: David Relos, RDC Staff Mary Brazinsky, Board Secretary Others Present: James Mueller Elizabeth Leonard Inks Austin Gammage Caleb Bauer Kyle Silveus Eric Henderson Conrad Damian DCI DCI DCI South Bend Tribune Engineering Prism Environmental 718 E Broadway ITEM: 2A South Bend Redevelopment Commission Regular Meeting – August 23, 2018 2.Approval of Minutes A.Approval of Minutes of the Regular Meeting of Thursday, July 26, 2018 Upon a motion by Secretary Inks, seconded by Commissioner Ferlic, the motion carried unanimously, the Commission approved the minutes of the regular meeting of Thursday, July 26, 2018. 3.Approval of Claims A.Claims Submitted August 23, 2018 Upon a motion by Secretary Inks, seconded by Commissioner Ferlic, the motion carried unanimously, the Commission approved the claims submitted on Thursday, August 23, 2018. South Bend Redevelopment Commission Regular Meeting – August 23, 2018 4.Old Business 5.New Business A.River West Development Area 1.Resolution No. 3438 (Transfer of Property from Parks) Mr. Relos presented Resolution No. 3438, accepting the transfer of property from the Board of Park Commissioners of the parcel south of Stephenson Mills. This parcel was transferred to Parks in 2016 because three City entities (BPW, RDC and Parks) had ownership interests in the land south of Stephenson Mills and the Wharf site. With the many planned construction activities in this area, common ownership would streamline the approval process for agreements between the various parties. This particular parcel is burdened by an easement/option to buy dating back to 1993, when Stephenson Mills was redeveloped. Additionally, there are overlapping easements dating back to when this area was an industrial site. To clean this area of these many overlapping easements, and to allow for the expansion of Seitz Park and the transfer of land to Stephenson Mills, this area is planned to be replatted and the old easements between the partied released. To allow these plans to move forward, this parcel needs to be transferred back to the Commission. After the replat process, the remaining land will be transferred back to Parks, which will allow Seitz Park to be upgraded and expanded. Commission approval is requested. Upon a motion by Vice President Varner, seconded by Commissioner Ferlic, the motion carried unanimously, the Commission approved Resolution No. 3438 (Transfer of Property from Parks) submitted on Thursday, August 23, 2018. 2.Resolution No. 3439 (Waiver of Prohibition of Third Party Transfer to JSK) Mr. Relos presented Resolution No. 3439, which allows the post-closing transfer of the Hall of Fame from Southhold LLC to JSK Development Inc. Closing on the Hall of Fame occurred on August 22, 2018, and Southhold LLC would like to transfer the property to JSK Development Inc., which is the majority owner of Southhold LLC. This waives, for this instance only, the 3 year post closing transfer penalty in Section 13 of the Fifth Amendment, approved by the Commission on June 28, 2018. Commission approval is requested. Upon a motion by Secretary Inks, seconded by Commissioner Ferlic, the motion carried unanimously, the Commission approved Resolution No. 3439 (Waiver of Prohibition of Third Party Transfer to JSK) submitted on Thursday, August 23, 2018. South Bend Redevelopment Commission Regular Meeting – August 23, 2018 3.License Agreement (Gridiron) Mr. Relos presented this License Agreement for use of the Gridiron at the Hall of Fame, which allows the University of Notre Dame to use the Gridiron on September 8th, September 15th and October 13th. Upon a motion by Vice President Varner, seconded by Commissioner Ferlic, the motion carried unanimously, the Commission approved License Agreement (Gridiron) submitted on Thursday, August 23, 2018. 4.First Amendment to Real Estate Purchase Agreement (Jefferson/Main) Mr. Relos presented First Amendment to Real Estate Purchase Agreement for the SW corner of Jefferson and Main, which is the new development planned for this corner. Per the Agreement the due diligence period ends August 24th. This will extend the due diligence period for an additional 30 days, allowing time for the development’s special exception to be considered at the Common Council’s meeting on August 27th. Commission approval is requested. Upon a motion by Commissioner Ferlic, seconded by Secretary Inks, the motion carried unanimously, the Commission approved First Amendment to Real Estate Purchase Agreement (Jefferson/Main) submitted on Thursday, August 23, 2018. B.South Side Development Area 1.Budget Request (St. Joseph Streetscape, Project No. 118-008) Mr. Silveus presented a budget request for the St. Joseph Streetscape project No. 118-008. This request is an additional amount of $70,000 for the extension of a new water main and fire hydrant installation along Callander Street, by the new Menards on Ireland Rd. The proposed water main will serve the new Holiday Inn development as well as the future development on the north side of Callander, which will most likely to be a restaurant. There may be more than one restaurant going into that area. Upon a motion by Secretary Inks, seconded by Commissioner Ferlic, the motion carried unanimously, the Commission approved a budget increase for the St. Joseph Streetscape, Project No. 118-008 submitted on Thursday, August 23, 2018. C.Administrative 1.Resolution No. 3440 (Setting Public Hearing for Additional 2018 TIF Appropriations) Ms. Leonard Inks presented this Resolution to set a Public Hearing for additional 2018 TIF Appropriations. This Resolution sets the public hearing for September 13th. One note on the Redevelopment Retail, as questions may come up since the property was just sold, is we will transfer the cash remaining to the Park Department since they will take care of the ongoing maintenance of the Leighton South Bend Redevelopment Commission Regular Meeting – August 23, 2018 Plaza / Courtyard. Commission approval is requested. Upon a motion by Secretary Inks, seconded by Commissioner Ferlic, the motion carried unanimously, the Commission approved Setting Public Hearing for Additional 2018 TIF Appropriations submitted on Thursday, August 23, 2018. 6.Progress Reports A.Tax Abatement B.Common Council C.Other 7.Next Commission Meeting: Thursday, September 13, 2018, 9:30 a.m. 8.Adjournment Thursday, August 23, 2018, 9:43 a.m. David Relos, Property Development Manager Marcia Jones, President ITEM: 3A RESOLUTION NO. 3441 A RESOLUTION OF THESOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING TAX INCREMENT FINANCING REVENUES FROM ALLOCATION AREA NO. 1 FUND FOR THE PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THE RIVER WEST DEVELOPMENT AREA ALLOCATION AREA NO. 1 WHEREAS, the South Bend Redevelopment Commission (the "Commission"), the governing body of the Department of Redevelopment of the City of South Bend, Indiana (the "City") and the City of South Bend, Indiana, Redevelopment District, exists and operates under the provisions oflndiana Code§ 36-7-14, as amended (the "Act"); and WHEREAS, on February 23, 1990, the Commission adopted Resolution No. 919 declaring the Airport Economic Development Area (the "Area") to be an economic development area within the meaning of the Act and designated the Area as the Airport Economic Development Area Allocation Area No. 1 ("Allocation Area No. 1 ") for purposes of tax increment financing pursuant to the Act; and WHEREAS, Resolution No. 919 and the Airport Economic Development Area Economic Development Plan (the "Development Plan") adopted by Resolution No. 919 on February 23, 1990, were confirmed by Resolution No. 938 adopted on June 27, 1990 (collectively, the "Declaratory Resolution"); and WHEREAS, the Declaratory Resolution created the Airport Economic Development Area Allocation Area No. 1 Fund ("Allocation Area No. 1 Fund") for the purpose of depositing into such fund tax increment revenues allocated to the Commission and resulting solely from the increase in the assessed value of real property and improvements thereon located in Allocation Area No. 1 pursuant to Indiana Code§ 36-7-14-39(b)(l) and from the proceeds from the sale or leasing of property in the Area under Indiana Code§ 36-7-14-22, all in accordance with Indiana Code§ 36-7-14-26; and WHEREAS, the Commission, on April 16, 1993, adopted Resolution No. 1151 declaring the Sample-Ewing Development Area ("SEDA") to be an area needing redevelopment within the meaning of the Act; and WHEREAS, Resolution No. 1151 and the Sample-Ewing Development Area Development Plan were confirmed by Resolution No. 1154 adopted on May 21, 1993; and WHEREAS, Resolution No. 1151 created the Sample-Ewing Allocation Area (South Bend Allocation Area No. 8) (the "SEDA Allocation Area") for the purpose of depositing into an allocation area fund (the "SEDA Allocation Fund") tax increment revenues allocated to the Commission and resulting solely from the increase in the assessed value of personal property and real property and improvements thereon located in the SEDA Allocation Area pursuant to Indiana Code § 36-7-14-39(b)(l) and from the proceeds from the sale or leasing ofproperty in the Area under Indiana Code§ 36-7-14-22, all in accordance with Indiana Code§ 36-7-14-26; and ITEM: 5A1 WHEREAS, the Declaratory Resolution was further amended by Resolution No. 2348 and Resolution No. 2351, adopted on June 19, 2007, and July 20, 2007, respectively, and said resolutions expanded the Area by adding and consolidating the SEDA into the Area ( collectively referred to hereafter as the "Area") and expanded Allocation Area No. 1 by adding and consolidating the SEDA Allocation Area into Allocation Area No. 1 ( collectively referred to hereafter as "Allocation Area No. 1 "); and WHEREAS, Resolution No. 3256, adopted by the Commission on November 10, 2014, amended boundaries of the Airport Economic Development Allocation Area No. 1, and renamed the area as River West Development Area Allocation Area No. 1; and WHEREAS, the Commission desires to pay certain expenses incurred by it or the City for local public improvements that are in or serving River West Development Area Allocation Area No. 1 from funds remaining in the Allocation Area No. 1 Fund, in accordance Indiana Code§ 36- 7-14-39(b)(3) and certain other expenditures incurred by the Commission in accordance with Indiana Code§ 36-7-14-39(b)(3); and WHEREAS, the expenditures incurred or anticipated to be incurred by the Commission proposed to be paid with funds from Allocation Area No. 1 Fund are described on the attached Exhibit A; and WHEREAS, the proposed appropriations from Allocation Area No. 1 Fund are not for the operating expenses of the Commission; and WHEREAS, on August 23, 2018, the Commission adopted Resolution 3440 setting a public hearing on said appropriations, which public hearing, pursuant to the Commission's action acknowledged at its public meeting on September 13, 2018, and WHEREAS, the Secretary of the Commission has caused notice of said hearing on said appropriations to be published in accordance with law; and WHEREAS, such public hearing was held at the Commission's meeting at 9:30 a.m. on September 13, 2018 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, at which all taxpayers and interested persons had an opportunity to appear and express their views as to such appropriations; and WHEREAS, the Commission now desires to approve appropriations in a total amount of Two Million Dollars and 00/100 ($2,000,000.00) NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1.The funds from Allocation Area No. 1 Fund in the amount of Two Million Dollars and 00/100 ($2,000,000.00) are hereby appropriated for the purpose of paying the expenditures described at Exhibit A. 2.The President and/or the Secretary of the Commission are hereby authorized and directed to certify a copy of this Resolution together with such other proceedings and actions as may be necessary to the St. Joseph County Auditor for certification to the Indiana Department of Local Government Finance for the purpose of obtaining its approval of the appropriations herein made. ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on September 13, 2018, at 1308 County-City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601. ATTEST: Printed Name and Title Signature Marcia I. Jones, Printed Name and Title Donald E. Inks, Secretary Signature EXHIBIT A RIVER WEST DEVELOPMENT AREA -FUND 324 2018 BUDGET SUMMARY (Additional Appropriation -September 2018) Debt Service: Debt Service Payments Total Debt Service Projects Underway, Not Completed: Total Projects Underway, Not Completed Other Activities: Total Other Activities Development Opportunity Reserve: Projects Planned: Total Projects Planned Total Appropriation 2018 Appropriation 0 0 0 2,000,000 0 2,000,000 RESOLUTION NO. 3442 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING TAX INCREMENT FINANCING REVENUES FROM ALLOCATION AREA FUND FOR THE PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THE RIVER EAST DEVELOPMENT AREA ALLOCATION AREA NO. 1 WHEREAS, the South Bend Redevelopment Commission (the "Commission"), the governing body of the City of South Bend Department of Redevelopment (the "Department"), on November 17, 2003, adopted Resolution No. 2016 declaring the Northeast Neighborhood Development Area in the City of South Bend, Indiana (the "City") to be an area needing redevelopment within the meaning of the Redevelopment of Cities and Towns Act of 1953, as amended, which is codified at, Indiana Code§ 36-7-14-1 et seq (the "Act"); and WHEREAS, Resolution No. 2016 and the Northeast Neighborhood Development Area Development Plan (the ·"Development Plan") adopted by Resolution No. 2016 on November 17, 2003, were confirmed by Resolution No. 2021 adopted on December 19, 2003 (collectively, the "Declaratory Resolution"); and WHEREAS, the Declaratory Resolution created the Northeast Neighborhood Allocation Area Special Fund ("Allocation Area Fund") for the purpose of depositing into such fund tax increment revenues allocated to the Commission and resulting solely from the increase in the assessed value of real property and improvements thereon located in Allocation Area pursuant to Indiana Code § 3 6-7-14-3 9(b )(1) and from the proceeds from the sale or leasing of property in the Area under Indiana Code§ 36-7-14-22, all in accordance with Indiana Code§ 36-7-14-26; and WHEREAS, Resolution No. 3255, adopted by the Commission on November 10, 2014, amended boundaries of the Northeast Neighborhood Development Allocation Area No. 1, and renamed the area to the River East Allocation Area No. l; and WHEREAS, the Commission desires to pay certain expenses incurred by it or the City for local public improvements that are in or serving River East Allocation Area No. 1 (the "Allocation Area") from funds remaining in the Allocation Area Fund, in accordance Indiana Code § 36-7- 14-39(b)(3) and certain other expenditures incurred by the Commission in accordance with Indiana Code§ 36-7-14-39(b)(3); and WHEREAS, the expenditures incurred or anticipated to be incurred by the Commission proposed to be paid with funds from Allocation Area Fund are described on the attached Exhibit A;and WHEREAS, the proposed appropriations from Allocation Area Fund are not for the operating expenses of the Commission; and WHEREAS, on August 23, 2018, the Commission adopted Resolution 3440 setting a public hearing on said appropriations, which public hearing, pursuant to the Commission's action acknowledged at its public meeting on September 13, 2018, ; and ITEM: 5A2 WHEREAS, the Secretary of the Commission has caused notice of said hearing on said appropriations to be published in accordance with law; and WHEREAS, such public hearing was held at the Commission's meeting at 9:30 a.m. on September 13, 2018, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, at which all taxpayers and interested persons had an opportunity to appear and express their views as to such appropriations; and WHEREAS, the Commission now desires to approve said additional appropriations in a total amount of Two Million Dollars ($2,000,000); NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: r1.The funds fom Allocation Area Fund in the additional amount of Two MillionDollars ($2,000,000) are hereby appropriated for the purpose of paying the expenditures described at Exhibit A. 2.The President and/or the Secretary of the Commission are hereby authorized and directed to certify a copy of this Resolution together with such other proceedings and actions as may be necessary to the St. Joseph County Auditor for certification to the Indiana Department of Local Government Finance for the purpose of obtaining its approval of the appropriations herein made. ADOPTED at a regular meeting·ofthe South Bend Redevelopment Commission held on September 13, 2018 at 1308 County-City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601. Printed Name and Title SOUTH BEND REDEVELOPMENT COMMISSION Printed Name and Title ATTEST _____________________________ _____________________________ EXHIBIT A RIVER EAST DEVELOPMENT AREA -FUND 429 2018 BUDGET SUMMARY (Additional Appropriation -September 2018) Debt Service: Debt Service Payments Total Debt Service Projects Underway, Not Completed: Eddy Streeet Phase II Total Projects Underway, Not Completed Other Activities: Miscellaneous Total Other Activities Development Opportunity Reserve: Projects Planned: Curb & Sidewalk Parks/Eddy Streetscape Total Projects Planned Total Appropriation 2018 Appropriation 0 0 0 0 2,000,000 0 2,000,000 RESOLUTION NO. 3443 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING TAX INCREMENT FINANCING REVENUES FROM ALLOCATION AREA N0.1 FUND FOR THE PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THE SOUTH SIDE DEVELOPMENT AREA ALLOCATION AREA NO. 1 WHEREAS, the South Bend Redevelopment Commission (the "Commission"), the governing body of the Department of Redevelopment of the City of South Bend, Indiana (the "City") and the City of South Bend, Indiana, Redevelopment District, exists and operates under the provisions of Indiana Code § 36-7-14, as amended (the "Act"); and WHEREAS, on November 1, 2002, the Commission adopted Resolution No. 1914 (the "Declaratory Resolution") declaring the South Side Development Area (the "Area") to be an area needing redevelopment within the meaning of the Act and designated the Area as the South Side Development Area Allocation Area No. 1 ("Allocation Area No. 1 ") for purposes of tax increment financing pursuant to the Act; and WHEREAS, on November 19, 2002, the Area Plan Commission of St. Joseph County ("Plan Commission") issued its written order approving the Declaratory Resolution by the adoption of Plan Commission Resolution 142-02, in accordance with Indiana Code § 36-7-14- 16; and WHEREAS, on November 25, 2002, the Common Council of the City approved the order of the Plan Commission through the adoption of Common Council Resolution No. 3136-02; and WHEREAS, on December 20, 2002, the Commission held a duly noticed public hearing, in accordance with Indiana Code § 3 6-7-14-17 and Indiana Code § 5-3-1 ; and WHEREAS, following said hearing, the Commission adopted Resolution No. 1928 confirming the Declaratory Resolution; and WHEREAS, the Declaratory Resolution created the South Side Development Area Allocation Area No. 1 Fund ("Allocation Area No. 1 Fund") for the purpose of depositing into such fund tax increment revenues allocated to the Commission and resulting solely from the increase in the assessed value of real property and improvements thereon located in Allocation Area No. 1 pursuant to Indiana Code§ 36-7-14-39(b)(l) and from the proceeds from the sale or leasing of property in the Area under Indiana Code § 36� 7-14-22, all in accordance with Indiana Code§ 36-7-14-26; and WHEREAS, the Commission desires to pay certain expenses incurred by it or the City for local public improvements that are in or serving Allocation Area No. 1 from funds remaining in the Allocation Area No. 1 Fund, in accordance Indiana Code § 36-7-14-39(b )(2) and certain other expenditures incurred by the Commission in accordance with Indiana Code§ 36-7-14-39(b)(2); and ITEM: 5A3 WHEREAS, the expenditures incurred or anticipated to be incurred by the Commission proposed to be paid with funds from Allocation Area No. 1 Fund are described on the attached Exhibit A; and WHEREAS, the proposed appropriations from Allocation Area No. 1 Fund are not for the operating expenses of the Commission; and WHEREAS, on August 23, 2018, the Commission adopted Resolution 3440 setting a public hearing on said appropriations, which public hearing, pursuant to the Commission's action acknowledged at its public meeting on September 13, 2018; and WHEREAS, the Secretary of the Commission has caused notice of said hearing on said appropriations to be published in accordance with law; and WHEREAS, such public hearing was held at the Commission's meeting at 9:30 a.m. on September 13, 2018 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, at which all taxpayers and interested persons had an opportunity to appear and express their views as to such appropriations; and WHEREAS, the Commission now desires to approve said appropriations in a total amount of One Million Dollars and 00/100 ($1,000,000.00); NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1.The funds from Allocation Area No. 1 Fund in the amount of One Million Dollars and 00/100 ($1,000,000.00) are hereby appropriated for the purpose of paying the expenditures described at Exhibit A. 2.The President and/or the Secretary of the Commission are hereby authorized and directed to certify a copy of this Resolution together with such other proceedings and actions as may be necessary to the St. Joseph County Auditor for certification to the Indiana Department of Local Government Finance for the purpose of obtaining its approval of the appropriations herein made. ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on September 13, 2018 at 1308 County-City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601. Donald E. Inks, Secretary Printed Name and Title SOUTH BEND REDEVELOPMENT COMMISSION -Signature Marcia 1. Jone Printed Name and Title Signature ATTEST RESOLUTION NO. 3444 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING TAX INCREMENT FINANCING REVENUES FROM ALLOCATION AREA NO. 1 FUND FOR THE PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THE DOUGLAS ROAD ECONOMIC DEVELOPMENT AREA ALLOCATION AREA NO. 1 WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the governing body of the Department of Redevelopment of the City of South Bend, Indiana (the “City”) and the City of South Bend, Indiana, Redevelopment District, exists and operates under the provisions of Indiana Code § 36-7-14, as amended (the “Act”); and WHEREAS, on December 2, 2005, the Commission adopted Resolution No. 2199 (the “Declaratory Resolution”) declaring the Douglas Road Economic Development Area (the “Area”) to be an economic development area within the meaning of the Act and designated the Area as the Douglas Road Economic Development Area Allocation Area No. 1 (“Allocation Area No. 1”) for purposes of tax increment financing pursuant to the Act; and WHEREAS, on December 20, 2005, the Area Plan Commission of St. Joseph County (“Plan Commission”) issued its written order approving the Declaratory Resolution by the adoption of Plan Commission Resolution 165-05, in accordance with Indiana Code § 36–7–14– 16; and WHEREAS, on January 23, 2006, the Common Council of the City approved the order of the Plan Commission through the adoption of Common Council Resolution No. 3556-06; and WHEREAS, on February 17, 2006, the Commission held a duly noticed public hearing, in accordance with Indiana Code § 36–7–14–17 and Indiana Code § 5–3–1; and WHEREAS, following said hearing, the Commission adopted Resolution No. 2199 confirming the Declaratory Resolution; and WHEREAS, the Declaratory Resolution created the Douglas Road Economic Development Area Allocation Area No. 1 Fund (“Allocation Area No. 1 Fund”) for the purpose of depositing into such fund tax increment revenues allocated to the Commission and resulting solely from the increase in the assessed value of real property and improvements thereon located in Allocation Area No. 1 pursuant to Indiana Code § 36–7–14–39(b)(1) and from the proceeds from the sale or leasing of property in the Area under Indiana Code § 36–7–14–22, all in accordance with Indiana Code § 36–7–14–26; and WHEREAS, the Commission desires to pay certain expenses incurred by it or the City for local public improvements that are in or serving Allocation Area No. 1 from funds remaining in the Allocation Area No. 1 Fund, in accordance Indiana Code § 36–7–14–39(b)(2) and certain other expenditures incurred by the Commission in accordance with Indiana Code § 36–7–14–39(b)(2); and WHEREAS, the expenditures incurred or anticipated to be incurred by the Commission proposed to be paid with funds from Allocation Area No. 1 Fund are described on the attached Exhibit A; and ITEM: 5A4 WHEREAS, the proposed appropriations from Allocation Area No. 1 Fund are not for the operating expenses of the Commission; and WHEREAS, such appropriations are subject to the provisions of Indiana Code § 6–1.1– 18–5; and WHEREAS, on August 23, 2018, the Commission adopted Resolution 3440 setting a public hearing on said appropriations and authorizing the Secretary of the Commission to duly publish notice of said hearing on September 13, 2018; and WHEREAS, the Secretary of the Commission has caused notice of said hearing on said appropriations to be published in accordance with law; and WHEREAS, such public hearing was held at the Commission’s meeting at 9:30 a.m. on September 13, 2018, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, at which all taxpayers and interested persons had an opportunity to appear and express their views as to such additional appropriations; and WHEREAS, the Commission now desires to approve said appropriations in a total amount of Sixty Thousand Dollars ($60,000.00); NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1.The funds from Allocation Area No. 1 Fund in the amount of Sixty Thousand Dollars ($60,000.00) are hereby appropriated for paying the expenditures described at Exhibit A. 2.The President and/or the Secretary of the Commission are hereby authorized and directed to certify a copy of this Resolution together with such other proceedings and actions as may be necessary to the St. Joseph County Auditor for certification to the Indiana Department of Local Government Finance for obtaining its approval of the appropriations herein made. ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on September 13, 2018 at 1308 County-City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION ________________________ Signature Marcia I Jones, President ATTEST:Printed Name and Title _____________________ Signature Donald E. Inks, Secretary Printed Name and Title RESOLUTION NO. 3445 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING TAX INCREMENT FINANCING REVENUES FROM ALLOCATION AREA FUND FOR THE PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THE WEST WASHINGTION-CHAPIN DEVELOPMENT AREA ALLOCATION AREA WHEREAS, the South Bend Redevelopment Commission (the "Commission"), the governing body of the City of South Bend Department of Redevelopment (the "Department"), on October 23, 1987, adopted Resolution No. 818 declaring the West Washington-Chapin Development Area in the City of South Bend, Indiana (the "City") to be an area needing redevelopment within the meaning of the Redevelopment of Cities and Towns Act of 1953, as amended, which is codified at, Indiana Code§ 36-7-14-1 et seq (the "Act"); and WHEREAS, Resolution No. 818 and the West Washington-Chapin Development Area Development Plan (the "Development Plan") adopted by Resolution No. 818 on October 23, 1987 were confirmed by Resolution No. 824 adopted on December 11, 1987 (collectively, the "Declaratory Resolution"); and WHEREAS, the Declaratory Resolution created the West Washington Allocation Area (South Bend Allocation Area No. 7) Special Fund ("Allocation Area Fund") for the purpose of depositing into such fund tax increment revenues allocated to the Commission and resulting solely from the increase in the assessed value of real property and improvements thereon located in Allocation Area pursuant to Indiana Code § 36-7-14-39(b)(l) and from the proceeds from the sale or leasing of property in the Area under Indiana Code§ 36-7-14-22, all in accordance with Indiana Code§ 36-7-14-26; and WHEREAS, the Commission desires to pay certain expenses incurred by it or the City for local public improvements that are in or serving Allocation Area from funds remaining in the Allocation Area Fund, in accordance Indiana Code § 36-7-l 4-39(b )(2) and certain other expenditures incurred by the Commission in accordance with Indiana Code§ 36-7-14-39(b)(2); and WHEREAS, the expenditures incurred or anticipated to be incurred by the Commission proposed to be paid with funds from Allocation Area Fund are described on the attached Exhibit A;and WHEREAS, the proposed appropriations from Allocation Area Fund are not for the operating expenses of the Commission; and WHEREAS, on August 23, 2018, the Commission adopted Resolution 3440 setting a public hearing on said appropriations, which public hearing, pursuant to the Commission's action acknowledged at its public meeting on September 13, 2018; and ITEM: 5A5 WHEREAS, the Secretary of the Commission has caused notice of said hearing on said appropriations to be published in accordance with law; and WHEREAS, such public hearing was held at the Commission's meeting at 9:30 a.m. on September 13, 2018 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, at which all taxpayers and interested persons had an opportunity to appear and express their views as to such appropriations; and WHEREAS, the Commission now desires to approve said appropriations in a total amount of Four Hundred Thousand ($400,000.00); NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1.The funds from Allocation Area Fund in the amount of Four Hundred Thousand Dollars,($400,000.00) are hereby appropriated for the purpose of paying the expenditures described at Exhibit A. 2.The President and/or the Secretary of the Commission are hereby authorized and directed to certify a copy of this Resolution together with such other proceedings and actions as may be necessary to the St. Joseph County Auditor for ce1iification to the Indiana Department of Local Government Finance for the purpose of obtaining its approval of the appropriations herein made. ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on September 13, 2018 at 1308 County-City Building, 227 W. Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT OMMISSION ATTEST Printed Name and Title : Printed Name and Title Marcia I Jones, President Donald E. Inks RESOLUTION NO. 3446 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF CERTAIN LOCAL PUBLIC IMPROVEMENTS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2019, AND ENDING DECEMBER 31, 2019, INCLUDING ALL OUTSTANDING CLAIMS AND OBLIGATIONS, FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT WHEREAS, the South Bend Redevelopment Commission is the lessee of certain local public improvements which, during calendar year 2019 realize revenues and incur expenses in connection with the operation and maintenance of the same; and WHEREAS, the South Bend Redevelopment Commission has determined it is necessary to appropriate the revenues of certain public improvements in order to defray the expenses of those local public improvements. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1.For the expenses of the South Bend Central Development Area Building Operations Budget Fund 425 (which currently includes Leighton Plaza Retail Space, Leighton Plaza Courtyard and Wayne Street Garage Retail Space), for the fiscal year 2019, the sums of money, as set forth in the budget which is made a part hereof, are hereby appropriated and ordered set apart out of the funds hereinafter named, and for the purposes hereinafter specified, subject to the laws governing the same. The sums here appropriated shall be deemed to include all expenditures authorized to be made in said year, unless otherwise expressly stipulated or provided by law. 2.For the fiscal year ending December 31, 2019, the above referenced appropriations are made within the South Bend Central Development Area Building Operations Budget Fund. 3.This resolution shall be in full force and effect from and after its adoption. Adopted at the Regular Meeting of the South Bend Redevelopment Commission held Thursday, September 13, 2018, at 9:30 a.m., 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601 SOUTH BEND REDEVELOPMENT COMMISSION ______________________________ Signature ______________________________ ATTEST:Printed Name and Title ______________________________ Signature ______________________________ Printed Name and Title Marcia I. Jones, President Donald E. Inks, Secretary ITEM: 5A6 Budget Beginning Cash at 1/1 Actual 162,656 Revenue: Interest 2,962 Leighton Retail Revenue 78,548 Wayne Street Retail Revenue 0 Total Revenue 81,510 Operating Expenses: Leighton Retain Space 34,000 Leighton Plaza 39,000 Wayne Street Retail 5,000 Total Operating Expense 78,000 Net Operating Income 3,510 Cash to be Transferred to Parks for On-Going 166,166 Maintenance of Plaza/Courtyard Total 2018 BUDGET 244,166 Original 2018 Appropriation 158,166 2018 ADDITIONAL APPROPRIATION 86,000 Redevelopment Retail Operations Budget For Calendar Year 2018 ITEM: 5B1 RESOLUTION NO. 3447 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION ACCEPTING THE TRANSFER OF REAL PROPERTY FROM THE SOUTH BEND BOARD OF PUBLIC WORKS WHEREAS, the South Bend Redevelopment Commission (the “Commission”) is the governing body of the City of South Bend, Indiana (the “City”), Department of Redevelopment and exists and operates pursuant to Indiana Code Section 36-7-14 (the “Act”); and WHEREAS, the South Bend Board of Public Works (the “Board”) exists and operates pursuant to Indiana Code Section 36-4-9-5, holds real property owned by the City pursuant to Indiana Code Section 36-9-6-3, and is authorized to transfer such property to another governmental entity pursuant to Indiana Code Section 36-1-11-8; and WHEREAS, the City owns certain real property located near Ignition Park in the River West Development Area (the “Ignition Park Area”) at 900 S. Lafayette Boulevard, as more particularly described on Exhibit A (the “Property”); and WHEREAS, the Commission holds title to all properties adjacent to and abutting the Property; and WHEREAS, the Board and the Commission desire to consolidate real property ownership in the Ignition Park Area in the Commission for the purposes authorized by the Act. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1.The Commission hereby accepts the conveyance of the Property from the Board pursuant to I.C. 36-1-11-8 in the form of a quit claim deed substantially similar to the document attached hereto as Exhibit B, conveying all of the Board’s right, title, and interest in the Property to the Commission. 2.The Commission authorizes David Relos of the City’s Department of Community Investment to act on behalf of the Commission in presenting the deed for recordation in the Office of the Recorder of St. Joseph County, Indiana and executing any other document necessary to effect the Commission’s acceptance of the Property. 3.This Resolution will be in full force and effect upon its adoption by the Commission. Signature Page Follows ADOPTED at a meeting of the South Bend Redevelopment Commission held on September 13, 2018, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION ______________________________ Marcia I. Jones, President ATTEST: ______________________________ Donald E. Inks, Secretary EXHIBIT A A part of Lot Numbered Fifty-Two (52) as shown on the recorded Plat of South Bend City, as platted by Samuel Morrison, now a part of the City of South Bend, which part is bounded by a line running as follows, viz: Beginning at the Northwest corner of said Lot Numbered Fifty-Two (52); thence running South on the East line of Lafayette Street, 50 feet; thence East 110 feet, more or less, to the West line of the right-of-way of the Terre Haute & Logansport Railroad (known as the Vandalia Line); thence North along the line of said right-of-way to the South line of Sample Street; thence West along the South line of Sample Street to the place of beginning. EXCEPTING THEREFROM THE FOLLOWING: A part of Lot Numbered Fifty-two (52) in South Bend City Addition, now the City of South Bend, Indiana, the plat of which addition is recorded in Plat Book 2, page 4, in the Office of the Recorder of St. Joseph County, Indiana, described as follows: Beginning at the Northwest corner of said lot; thence North 88°48’35” East 35.205 meters (115.50 feet) along the North line of said lot to the Northeast corner of the grantor’s land; thence South 0°47’05” East 2.384 meters (7.82 feet) along the East line of the grantor’s land; thence South 85°39’05” West 35.272 meters (115.72 feet) and the West line of said lot; thence North 0°47’05” West 4.326 meters (14.20 feet) along said West line to the point of beginning. Tax Parcel No. 018-8001-0001 EXHIBIT B Form of Quit Claim Deed QUIT CLAIM DEED THIS INDENTURE WITNESSETH THAT the Civil City of South Bend, Indiana, by and through its Board of Public Works (the “Grantor”) CONVEYS AND QUIT CLAIMS TO the Department of Redevelopment of the City of South Bend, for the use and benefit of the Department of Redevelopment, by and through its governing body, the South Bend Redevelopment Commission (the “Grantee”), for and in consideration of One Dollar ($1.00) and other good and valuable consideration, the receipt of which is hereby acknowledged, the real estate located in St. Joseph County, Indiana, and more particularly described in attached Exhibit 1 (the “Property”). Grantor hereby conveys the Property subject to all covenants, restrictions, easements, and other matters of record. The undersigned persons executing this Quit Claim Deed on behalf of the Grantor represent and certify that each has been fully empowered and authorized to execute this Quit Claim Deed and that all action necessary to complete this conveyance on Grantor’s behalf has been duly taken. [Signature page follows.] Dated this 11th day of September, 2018. GRANTOR: Civil City of South Bend, Indiana, by and through its Board of Public Works B y: ________________________________________ Gary Gilot, President ATTEST: B y: _______________________________________ Linda Martin, Clerk STATE OF INDIANA ) ) SS: ST. JOSEPH COUNTY ) Before me, the undersigned, a Notary Public for and in said County and State this 11th day of September 2018, personally appeared Gary Gilot and Linda Martin, known to me to be, respectively, President and Clerk of the City of South Bend, Indiana, Board of Public Works, the Grantor, and acknowledged the execution of the foregoing Quit Claim Deed. IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal. ___________________________, Notary Public Resident of _______________ County, _______ Commission expires: _____________ I affirm, under the penalties for perjury, that I have taken reasonable care to redact each Social Security number in this document, unless required by law. Sandra L. Kennedy Prepared by Sandra L. Kennedy, Assistant City Attorney, 1200 S. County-City Building, 227 W. Jefferson Blvd., South Bend, Indiana 46601 Exhibit 1 A part of Lot Numbered Fifty-Two (52) as shown on the recorded Plat of South Bend City, as platted by Samuel Morrison, now a part of the City of South Bend, which part is bounded by a line running as follows, viz: Beginning at the Northwest corner of said Lot Numbered Fifty-Two (52); thence running South on the East line of Lafayette Street, 50 feet; thence East 110 feet, more or less, to the West line of the right-of-way of the Terre Haute & Logansport Railroad (known as the Vandalia Line); thence North along the line of said right-of-way to the South line of Sample Street; thence West along the South line of Sample Street to the place of beginning. EXCEPTING THEREFROM THE FOLLOWING: A part of Lot Numbered Fifty-two (52) in South Bend City Addition, now the City of South Bend, Indiana, the plat of which addition is recorded in Plat Book 2, page 4, in the Office of the Recorder of St. Joseph County, Indiana, described as follows: Beginning at the Northwest corner of said lot; thence North 88°48’35” East 35.205 meters (115.50 feet) along the North line of said lot to the Northeast corner of the grantor’s land; thence South 0°47’05” East 2.384 meters (7.82 feet) along the East line of the grantor’s land; thence South 85°39’05” West 35.272 meters (115.72 feet) and the West line of said lot; thence North 0°47’05” West 4.326 meters (14.20 feet) along said West line to the point of beginning. Tax Parcel No. 018-8001-0001 ITEM: 5B2 ITEM: 5B3 ITEM: 5B4 1 THIRD AMENDMENT TO REAL ESTATE PURCHASE AGREEMENT This Third Amendment To Real Estate Purchase Agreement (this “Third Amendment”) is made effective as of September 13, 2018 (the “Effective Date”), by and between the City of South Bend, Indiana, Department of Redevelopment, acting by and through its governing body, the South Bend Redevelopment Commission (“Seller”) and Franklin Street Technology Park LLC, an Indiana limited liability company with its principal place of business 814 Marietta Street, South Bend, Indiana 46601 (“Buyer”) (each a “Party” and together the “Parties”). RECITALS A.Buyer and Seller entered into that certain Real Estate Purchase Agreement, dated February 22, 2018 (“the “Purchase Agreement”), as subsequently amended on May 24, 2018 by that certain First Amendment to Real Estate Purchase Agreement (the “First Amendment”), and on June 28, 2018 by that certain Second Amendment to Real Estate Purchase Agreement (the “Second Amendment” and collectively, the “Agreement”), for the purchase and sale of the Property (as defined in the Purchase Agreement) located in the City of South Bend. B.Seller requires additional time to accommodate the removal of utility lines from the Property. C.The Parties wish to further amend the Agreement as set forth herein. NOW, THEREFORE, in consideration of the mutual promises and obligations in this Second Amendment and the Agreement, the adequacy of which consideration is hereby acknowledged, the Parties agree as follows: 1.Section 10.A. of the Agreement shall be deleted in its entirety and replaced with the following: “Unless this Agreement is earlier terminated, the Closing shall be held at the office of the Title Company, and the Closing Date shall be a mutually agreeable date not later than Two Hundred Forty (240) days after the end of the Due Diligence Period.” 2.Unless expressly modified by this Third Amendment, the terms and provisions of the Agreement remain in full force and effect. 3.Capitalized terms used in this Third Amendment will have the meanings set forth in the Agreement unless otherwise stated herein. SIGNATURE PAGE FOLLOWS ITEM: 5B5 ITEM: 5B6 1 FIRST AMENDMENT TO DEVELOPMENT AGREEMENT This First Amendment to Development Agreement (this “First Amendment”), is effective as of September 13, 2018 (the “Effective Date”), by and between the City of South Bend, Department of Redevelopment, by and through its governing body, the South Bend Redevelopment Commission (the “Commission”), and Wayne Street Associates, LLC, an Indiana limited liability company (the “Developer”) (each, a “Party,” and collectively, the “Parties”). RECITALS A.The Parties entered into that certain Development Agreement dated October 27, 2016, (the “Development Agreement”), concerning the Developer’s development and rehabilitation of certain elements of the Developer Property in order to create Class A office space. B.In accordance with and subject to the terms of the Development Agreement, the Commission agreed to expend no more than Two Hundred Fifty Thousand Dollars ($250,000.00) (the “Funding Amount”) to complete certain Local Public Improvements (the “LPI”) in support of the Developer’s construction on the Developer’s Property. C.Bids were solicited and received for the LPI in accordance with Section 5.2(c) of the Development Agreement, and all change orders were submitted to the City of South Bend, Indiana, Board of Public Works (the “Board”) for approval. D.The LPI were inspected by the Engineering Department, which verified that an overage in the amount of Seventeen Thousand Seven Hundred Sixty-Nine and 20/100 ($17,769.20) was incurred (the “Overage”). E.In accordance with Section 5.2(d) of the Development Agreement, the Developer has agreed to pay the Overage in the manner set forth in this First Amendment. NOW, THEREFORE, in consideration of the mutual promises and obligations stated in the Development Agreement and this First Amendment, the adequacy of which is hereby acknowledged, the Parties agree as follows: 1.In Section 1.3 of the Development Agreement, which defines the Commission’s Funding Amount, the term “Two Hundred Fifty Thousand Dollars ($250,000.00)” shall be deleted and replaced with the term “Two Hundred Sixty-Seven Thousand Seven Hundred Sixty-Nine and 20/100 Dollars ($267,769.20).” 2.The Developer hereby expressly reaffirms its obligation under Section 5.2(d) of the Development Agreement to pay all costs of completing the LPI, in excess of the Funding Amount, as such amount is hereby amended. 3.As an inducement for the Commission’s increase of the Funding Amount under this First Amendment and as a further assurance to the Commission pursuant to Section 9.12 of the Development Agreement, within five (5) days after the Effective Date of this First Amendment, the Developer (or the Developer’s designee) will submit to the Commission certified funds in the amount of Seventeen Thousand Seven Hundred Sixty-Nine and 20/100 Dollars ($17,769.20), which ITEM: 5B7 2 funds will be applied to any open LPI invoices in accordance with the ordinary payment practices of the Board and applicable laws. 4. Unless expressly modified by this First Amendment, the terms and provisions of the Development Agreement remain in full force and effect. 5.Capitalized terms used in this First Amendment will have the meanings set forth in the Development Agreement unless otherwise stated herein. 6.The recitals set forth above are hereby incorporated into the operative provisions of this First Amendment. 7.This First Amendment may be executed in separate counterparts, each of which when so executed shall be an original, but all of which together shall constitute one and the same instrument. Any electronically transmitted version of a manually executed original shall be deemed a manually executed original. SIGNATURE PAGE FOLLOWS IN WITNESS WHEREOF, the Parties hereby execute this FirstAmendment To Development Agreement to be effective as of the Effective Date stated above. COMMISSION: CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT ______________________________ Marcia I. Jones, President ATTEST: ______________________________ Donald E. Inks, Secretary 3 DEVELOPER: WAYNE STREET ASSOCIATES LLC, By: _____________________________________ Name: Edward Bradley Title: President Redevelopment Commission Agenda Item DATE: September 13, 2018 FROM: Aaron Perri, Executive Director – Venues Parks & Arts SUBJECT: Budget Request (Howard Park) Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington PURPOSE OF REQUEST: River East TIF Funding for Howard Park Specifics: In 2015, a plan was conceived to remove and replace the 50+ year old Howard Park ice skating rink, which had far exceeded its useful life expectancy. At that time, the strategy was a simple repair and replacement of the rink, without any other consideration for the entirety of Howard Park or the adjacent riverfront parks and trails. The estimate for the original basic project was $1.5 million, to be funded by the River East TIF. After a 9-month community visioning process and 12-month design process, we now have a more comprehensive framework for the shared community spaces along the river. The City of South Bend is also now the beneficiary of nearly $12 million worth of private grants and partnership funding to implement these plans. The request before you will leverage those private dollars in addition to $1.9 million from the River East TIF to be used specifically in the redevelopment of Howard Park. This is an $18 million-dollar construction project which includes a new ice skating and interactive water feature, a signature playground, a new community center, an event lawn, improved accessibility, and enhanced site amenities. In partnership with the Department of Community Investment as well the residents and stakeholders who have helped envision this project, we appreciate your support of this request. INTERNAL USE ONLY: Project Code: 17J031_________________________________________ ; Total Amount new/change (inc/dec) in budget: $1.9M___________; Break down: Costs: Engineering Amt: ______________________; Other Prof Serv Amt_________________; Acquisition of Land/Bldg (circle one) Amt: ___________; Street Const Amt ________________; Building Imp Amt_________; Sewers Amt_________; Other (specify) Amt: ________________ ___________________________________________. Going to BPW for Contracting? Y/N Is this item ready to encumber now? ____ Existing PO#__________ Inc/Dec $_____________ ITEM: 5C1 1 RESOLUTION NO. 3448 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION SETTING A PUBLIC HEARING ON THE APPROPRIATION OF TAX INCREMENT FINANCING REVENUES FROM VARIOUS ALLOCATION AREAS FOR THE PAYMENT OF CERTAIN OBLIGATIONS AND EXPENSES RELATED TO THEIR RESPECTIVE ALLOCATION AREAS FOR CALENDAR YEAR 2019 AND OTHER RELATED MATTERS WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the governing. body of the Department of Redevelopment of the City of South Bend, Indiana (the “City”) and the City of South Bend, Indiana, Redevelopment District (the “District”), exists and operates under the provisions of Indiana Code 36-7-14, as amended (the “Act”); and WHEREAS, in accordance with the Act, the Commission, from time to time, has declared, confirmed, and established allocation areas for certain redevelopment and economic development areas within the District for the purposes of tax increment financing; and WHEREAS, the Commission has further created allocation area funds for the purpose of receiving tax increment revenues received from the allocation areas; and WHEREAS, the Commission will be presented with and will consider Resolutions No. 3449 through 3458, inclusively, for the appropriation of funds from the various allocation areas of the District (the “Resolutions”); and WHEREAS, the Commission desires to hold a public hearing to discuss the Resolutions, which enable the Commission to pay certain expenses related to local public improvements anticipated for the calendar year 2019, as set forth more particularly in the Resolutions; and WHEREAS, such appropriations are subject to the provisions of Indiana Code 6-1.1-18-5; and WHEREAS, the proposed appropriations are not for the operating expenses of the Commission. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1.The Commission desires to set a public hearing to discuss the Resolutions for the appropriation of the funds in the not-to-exceed amounts for the various allocation areas as set forth below: Allocation Area and Fund Resolution No. Fund No. Not-to-Exceed River West Development Area No. 3449 324 18,000,000 West Washington Development Area No. 3450 422 900,000 River East Development Area No. 3451 429 5,100,000 ITEM: 5D1 2 River East Residential Development Area No. 3452 436 4,275,000 South Side Area #1 General No. 3453 430 4,000,000 Redevelopment Pokagon No. 3454 433 1,074,000 Certified Tech Park No. 3455 439 625,000 Airport/Urban Enterprise Zone No. 3456 454 50,000 Airport Bond Debt Service Reserve No. 3457 315 14,000 Downtown Bond Debt Service Reserve No. 3458 328 20,000 Totals 34,058,000 2.The President and Secretary of the Commission are each hereby authorized and directed to take all necessary steps to obtain approval of the expenditures of such funds pursuant to applicable laws, including the publication in accordance with Indiana Code 5-3-1 of notice of a hearing on the appropriation of such funds to be held at 9:30 a.m. on October 11, 2018, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. 3.This Resolution will be in full force and effect upon its adoption by the Commission. ADOPTED at a regular meeting of the South Bend Redevelopment Commission held on September 13, 2018, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. SOUTH BEND REDEVELOPMENT COMMISSION ______________________________ Marcia I. Jones, President ATTEST: ______________________________ Donald E. Inks, Secretary