HomeMy WebLinkAboutRDC Packet 10.10.2019South Bend Redevelopment Commission
227 West Jefferson Boulevard, Room 1308, South Bend, Indiana
Agenda
Regular Meeting, October 10, 2019 – 4:00 p.m.
227 W. JEFFERSON BLVD., 1300 SOUTH BEND, INDIANA
1.Roll Call
2.Approval of Minutes
A.Minutes of the Regular Meeting of Thursday, September 26,
2019
3.Approval of Claims
A.Claims Submitted October 10, 2019
4.Old Business
5.New Business
A.River West Development Area
1.Agreement to Buy and Sell Real Estate (1205 and 1215 W Colfax)
2.Budget Increase (Eagle Way Sewer Extension)
3.Budget Request (City Cemetery Improvements)
4.Budget Request (Pod Removal)
B.Other
1.MOU (NICTD)
2.Resolution No. 3508 (Approving Lease Execution South Bend Double
Tracking)
3.Resolution No. 3507 (Setting Public Hearing Additional 2019 Appropriations)
6.Progress Reports
A.Tax Abatement
B.Common Council
C.Other
7.Next Commission Meeting:
Thursday, October 24, 2019, 4:00 p.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
September 26, 2019
4:00 p.m. 227 West Jefferson Boulevard
Presiding: Marcia Jones, President South Bend, Indiana
The meeting was called to order at 4:00 p.m.
1.ROLL CALL
Members Present:Marcia Jones, President
Quentin Phillips, Secretary
Todd Monk, Commissioner
Gavin Ferlic, Commissioner
Members Absent: Don Inks, Vice-President
Leslie Wesley, Commissioner
Legal Counsel: Sandra Kennedy, Esq.
Redevelopment Staff: David Relos, RDC Staff
Mary Brazinsky, Board Secretary
Others Present: Daniel Buckenmeyer
Jitin Kain
Jacob Alexander
Amanda Pietsch
Zach Hurst
Kyle Silveus
Charlotte Brach
Conrad Damian
Rob Michalak
Todd Samuelson
Andy Kostielney
Phil Faccenda
Mike Noland
DCI
DCI
DCI
DCI
Engineering
Engineering
Engineering
718 E Broadway
R Ray Real Estate
Baker Tilly
St. Joe County
Barnes & Thornburg LLP
NICTD
ITEM: 2A
South Bend Redevelopment Commission Regular Meeting – September 26, 2019
2.Approval of Minutes
A.Approval of Minutes of the Regular Meeting of Thursday, September 12, 2019
Upon a motion by Secretary Phillips, seconded by Commissioner Monk, the
motion carried unanimously, the Commission approved the minutes of the
regular meeting of Thursday, September 12, 2019.
3.Approval of Claims
A.Claims Submitted September 26, 2019
Upon a motion by Secretary Phillips, seconded by Commissioner Monk, the
motion carried unanimously, the Commission approved the claims submitted on
Thursday, September 26, 2019.
4.Old Business
South Bend Redevelopment Commission Regular Meeting – September 26, 2019
5.New Business
A.River West Development Area
1.Third Amendment to Agreement to Buy and Sell Real Estate (618 W Marion
Mr. Relos presented Third Amendment to Agreement to Buy and Sell Real Estate
(618 W Marion). This Amendment extends the closing date for this property until
October 31, 2019. It is expected to close by October 28, 2019. Commission
approval is requested.
President Jones opened the floor for public comment. No public comment was
made. The floor was closed to public comment.
Upon a motion by Secretary Phillips, seconded by Commissioner Monk, the
motion carried unanimously, the Commission approved Third Amendment to
Agreement to Buy and Sell Real Estate (618 W Marion) submitted on Thursday,
September 26, 2019.
2.Resolution No. 3503 (Declaring Certain Properties Blighted)
Mr. Relos presented Resolution No. 3503 (Declaring Certain Properties Blighted)
These are vacant lots in the City Cemetery area that are vacant and blighted. This
is the first step for these lots to be acquired. Commission approval is requested.
President Jones opened the floor for public comment. No public comment was
made. The floor was closed to public comment.
Upon a motion by Commissioner Ferlic, seconded by Secretary Phillips, the
motion carried unanimously, the Commission approved Resolution No. 3503
(Declaring Certain Properties Blighted) submitted on Thursday, September 26,
2019.
3.Third Amendment to Development Agreement (Ziker’s)
Mr. Buckenmeyer presented Third Amendment to Development Agreement
(Ziker’s). Bids for this project came in higher than anticipated for the local public
improvements. The developer has agreed to pay the overage for the
improvements in the amount of $35,100. Commission approval is requested.
President Jones opened the floor for public comment. No public comment was
made. The floor was closed to public comment.
Upon a motion by Commissioner Ferlic, seconded by Secretary Phillips, the
motion carried unanimously, the Commission approved Third Amendment
(Ziker’s) submitted on Thursday, September 26, 2019.
4.First Amendment to Development Agreement (Bald Mountain, LLC)
Mr. Buckenmeyer presented First Amendment to Development Agreement (Bald
Mountain, LLC). Bald Mountain, LLC is better known as 201 S. Main or Main and
Jefferson. As the contractors for our part of the project worked on the pilings in
the construction area, there was shifting due to remnants of the old Jefferson
South Bend Redevelopment Commission Regular Meeting – September 26, 2019
Hotel. Bald Mountain has agreed to split the amount with the city. We are
requesting an additional amount of $10,000 to the overall budget, bringing the
amount to $360,000. Commission approval is requested.
President Jones opened the floor for public comment. No public comment was
made. The floor was closed to public comment.
Upon a motion by Secretary Phillips, seconded by Commissioner Ferlic, the
motion carried unanimously, the Commission approved First Amendment to
Development Agreement (Bald Mountain, LLC) submitted on Thursday,
September 26, 2019.
5.Real Estate Purchase Agreement (R. Ray Real Estate, LLC)
Mr. Buckenmeyer presented Real Estate Purchase Agreement (R. Ray Real
Estate, LLC). Masterbilt, also known as R. Ray Real Estate, LLC is one of the
legacy companies in South Bend with three generations of ownership looking to
expand their business. Their new location is planned for Indiana and Kemble,
commonly known as Ignition Park South. The facility will be a new 40,000 square
foot facility which will combine a couple recently acquired businesses. This
Agreement will sell the land at $10,000 per acre for a total of $30,000. We are
offering a first right of refusal for a period of 5 years on the western half of the
abutting lot to the east. R. Ray Real Estate, LLC will obtain an environmental
analysis of the land.
Rob Michalak, states they are experiencing growth and have acquired a business
in Mishawaka in December 2018. He would like to expand the current location in
South Bend and looks forward to working with the city.
Mr. Buckenmeyer stated that Rob has partnered with the Pathways program and
Jacob Alexander, Business Development Specialist for the city to take advantage
of lean training. We appreciate all his partnerships with the city. Commission
approval is requested.
President Jones opened the floor for public comment. No public comment was
made. The floor was closed to public comment.
Upon a motion by Commissioner Ferlic, seconded by Secretary Phillips, the
motion carried unanimously, the Commission approved Real Estate Purchase
Agreement (R. Ray Real Estate, LLC) submitted on Thursday, September 26,
2019.
6.Budget Request (Olive GAC Water Treatment Plant)
Mr. Silveus presented Budget Request (Olive GAC Plant Construction). The
Board of Public Works recently opened bids for the Olive Water Treatment Plant
(WTP). Bowen Engineering submitted the only bid which was approximately
$500,000 over the estimate. This work is critical in providing clean drinking water
to the central pressure zone and to perform the work when there are lower
demands for water in late fall/winter. Commission approval is requested.
South Bend Redevelopment Commission Regular Meeting – September 26, 2019
President Jones opened the floor for public comment. No public comment was
made. The floor was closed to public comment.
Upon a motion by Commissioner Monk, seconded by Secretary Phillips, the
motion carried unanimously, the Commission approved Budget Request (Olive
GAC Plant Construction) submitted on Thursday, September 26, 2019.
B.River East Development Area
1.Budget Request (Colfax Bridge Lift Station)
Mr. Hurst presented a Budget Request (Colfax Bridge Lift Station). This budget
request is for $60,000 to augment and finalize a report analyzing the East Race
sewer system. In the past year engineering has worked with developers in the
area to hone in on accurate data. In the future there will be new plans and
estimations for the lift station. Commission approval requested.
President Jones opened the floor for public comment. No public comment was
made. The floor was closed to public comment.
Upon a motion by Commissioner Monk, seconded by Secretary Phillips, the
motion carried unanimously, the Commission approved Budget Request (Lift
Station) submitted on Thursday, September 26, 2019.
C.Other
1.MOU (South Shore Line)
Mr. Kain presented the MOU (South Shore Line). In 2017 the Redevelopment
Commission signed an agreement with the County for both parties to work on
double tracking reducing the travel time from South Bend to Chicago. The MOU
stated the County would cover the cost of double tracking at $18M and the City
would cover the cost of relocating the station at $25M. At City Council in 2017 a
resolution was passed to support this agreement. The County has approached
the City to partner with them regarding the cost of double tracking. The MOU in
front of you supersedes the old MOU stating the County and City will split the cost
of the double tracking at $9.125M each via a bond. The County would then
contribute the same amount towards a new station. There is a study looking at
downtown and the airport cargo plan. If the City agrees to the $9.125M bond,
NICTD would agree to a 20-year location in South Bend. The MOU has been
approved on the County side.
Mike Noland, NICTD stated that we are in a critical juncture to move the project
forward. In June 2019 the State budget committee approved the State funding
plan. The project was estimated at $300M with the 4 counties splitting half with
the State with the other half the federal government. Since that time the project
has gotten more expensive at $400M. The federal government was asking for us
to come up with more than 50% at a threshold of 38%. That came in late March
which went to the Governor’s office and local leaders. Within four weeks the State
came up with an additional $205M which will cover the increased project cost.
The Governor is all in on this project. This was passed through the State budget
South Bend Redevelopment Commission Regular Meeting – September 26, 2019
in June and expect final decision in the next month. The final ask is at all the
County/City levels. The goal is 90 miles in 90 minutes. This will increase ridership
and economic growth for the areas. The goal is for construction to start in 2021
and completion in 2023.
President Jones opened the floor for public comment. No public comment was
made. The floor was closed to public comment.
Upon a motion by Commissioner Ferlic, seconded by Secretary Phillips, the
motion carried unanimously, the Commission approved MOU (South Shore
Line) submitted on Thursday, September 26, 2019.
2.Resolution No. 3502 (South Shore Line)
Mr. Kain presented Resolution No. 3502 (South Shore Line). The bond process is
kicking off today.
Phil Faccenda, Barnes & Thornburg stated that this is the last piece in the overall
financing plan for the double tracking plan. This Resolution is to authorize a public
hearing taking place at the Redevelopment Commission on October 10th and to
place a notice in the paper for this hearing. This is giving preliminary approval of a
draft lease included in your materials. Lease financing in Indiana allows us to
issue bonds that would be backed by special property taxes of the district. The
district has a debt limit. With lease financing you do not build in that limit, it is a
lease rental. We would include the Redevelopment Authority with property along
Cleveland Road for the leased premises. The Redevelopment Authority will also
need to meet on October 10, 2019. The approximate amount will be for $10.4M.
It is anticipated that the financing will be on October 28th for approval. With the
approval a formal lease in which we will have to wait 30 days and close in mid-
December 2019. Commission approval is requested.
President Jones opened the floor for public comment. No public comment was
made. The floor was closed to public comment.
Upon a motion by Commissioner Ferlic, seconded by Secretary Phillips, the
motion carried unanimously, the Commission approved Resolution No. 3502
(South Shore Line) submitted on Thursday, September 26, 2019.
3.Resolution No. 3491 (Setting Public Hearing for 2020 TIF Appropriations)
Ms. Pietsch presented Resolution No. 3491 (Setting Public Hearing for 2020 TIF
Appropriations). This resolution will set the public hearing date for October 24,
2019 for the 2020 TIF appropriations. Commission approval is requested.
President Jones opened the floor for public comment. No public comment was
made. The floor was closed to public comment.
Upon a motion by Commissioner Ferlic, seconded by Secretary Phillips, the
motion carried unanimously, the Commission approved Resolution No. 3491
(Setting Public Hearing for 2020 TIF Appropriations) submitted on Thursday,
September 26, 2019.
South Bend Redevelopment Commission Regular Meeting – September 26, 2019
6.Progress Reports
A.Tax Abatement
1.Masterbilt
2.Jupiter Aluminum: 111,000 sq. ft. building; new buyer out of Chicago for
warehousing initially for the RV business. Possible bringing business from
China to South Bend.
3.Personal Property leasing Cleveland/Brick Road building; $4M injection
molding equipment; 120 new jobs.
4.Vennli – office building at 23/Corby.
B.Common Council
C.Other
7.Next Commission Meeting:
Thursday, October 10, 2019, 4:00 p.m.
8.Adjournment
Thursday, September 26, 2019, 4:32 p.m.
David Relos, Property Development Manager Marcia Jones, President
ITEM: 3A
ITEM: 5A1
Redevelopment Commission Agenda Item
DATE: October 7, 2019
FROM: Kyle Silveus, Assistant City Engineer
SUBJECT: Budget Request – Eagle Way Sewer Extension
Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington
PURPOSE OF REQUEST: Funding for professional engineering and construction of the improvements in
the amount of $300,000.
Specifics: In 2000, a temporary lift station was constructed to facilitate development along
Enterprise Dr./Eagle Way/Lone Wolf Drive to take sanitary flow. A sanitary stub
was also constructed and plugged at the end of Eagle Way, with the intent to bring
the flow south to Nimtz Pkwy by gravity in the future. The temporary lift station
has limited flow, causing maintenance issues such as freezing pipes in the wet well
in the winter and forcing our sewer department needs to pump it out regularly.
By bringing the sanitary flow by gravity to Nimtz Pkwy, we are able to eliminate
the temporary lift station. This project would work in coordination with the
current development of the property to the south with the 80/90 Distribution
Center and would take off from the stub at Eagle Way and extend south through
easement to the existing sanitary sewer in Nimtz Pkwy.
INTERNAL USE ONLY: Project Code: _______________________________________________;
Total Amount new/change (inc/dec) in budget: _$300,000_________; 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: 5A2
Redevelopment Commission Agenda Item
DATE: October 10, 2019
FROM: Tim Corcoran
SUBJECT: Budget Request (City Cemetery Improvements)
Which TIF? (circle one) River West; River East; South Side; Douglas Road; West Washington
PURPOSE OF REQUEST:
Specifics:
Staff requests the Redevelopment Commission's approval of $550,000 budgeted for the next
phase of City Cemetery entrance improvements as part of a master revitalization plan for the
City Cemetery area. It's anticipated that project construction will commence in Spring 2019.
As identified during the master plan process, there's a priority need for improved corridor
appearance and cemetery access. These funds would serve to construct an entrance park/plaza
that will serve cemetery visitors and neighbors.
If you should have any questions or need more information, please feel free to contact me at
either tcorcoran@southbendin.gov or 235-7692.
INTERNAL USE ONLY: Project Code: _______________________________________________;
Total Amount new/change (inc/dec) in budget: _$550,000____; Break down:
Costs: Engineering Amt: ______________________; Other Prof Serv Amt_________________;
Acquisition of Land/Bldg (circle one) Amt: ___________; Street Const Amt __$550,000_____;
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: 5A3
ITEM: 5A4
ITEM: 5B1
RESOLUTION NO. 3508
A RESOLUTION OF THE SOUTH BEND
REDEVELOPMENT COMMISSION AUTHORIZING THE EXECUTION
OF A LEASE BETWEEN THE SOUTH BEND REDEVELOPMENT AUTHORITY AND
THE SOUTH BEND REDEVELOPMENT COMMISSION, AND ALL MATTERS
RELATED THERETO
WHEREAS, the South Bend Redevelopment Commission (the “Commission”), the
governing body of the South Bend Department of Redevelopment and the Redevelopment District
of the City of South Bend, Indiana (the “District”), exists and operates under the provisions of
Indiana Code 36-7-14, as amended from time to time (the “Act”); and
WHEREAS, the Commission, pursuant to declaratory resolutions previously adopted by
the Commission and amended from time to time, the Commission has declared (i) a certain area
of the City of South Bend (the “City”) known as the “River West Development Area” (the “Area”)
as a redevelopment area and an allocation area under the Act and approved an economic
development plan for the Area; and
WHEREAS, the City has determined to pay a portion (such portion being referred to herein
as the “City Payment”) of the amount that St. Joseph County is obligated to pay as a cash
participant under Indiana Code 36-7.5-4.5-16 in the Northern Indiana Commuter Transportation
District (“NICTD”) Main Line Double-Tracking Project which consists of the design, engineering,
acquisition, renovation, construction, demolition, installation and/or improvement of certain rail
lines owned and/or operated by NICTD and other projects relating to the foregoing projects
(collectively, the “Double Tracking Project”); and
WHEREAS, the Commission has given consideration to (i) financing the cost of funding
the City Payment which will be used by or on behalf of NICTD to pay for a portion of the cost of
the Double Tracking Project; (ii) fund a debt service reserve fund, if necessary in connection with
the issuance of lease rental revenue bonds (the “Bonds”) by the Authority; and (iii) pay costs
incurred in connection with the issuance of the Bonds; and
WHEREAS, the Double Tracking Project is located in part within the geographical
boundaries of the District and will benefit the residents of the City by providing future
opportunities for new redevelopment and economic development and job creation in the Area and
in the City generally; and
WHEREAS, the South Bend Redevelopment Authority (the “Authority”) has been
established pursuant to the applicable provisions of Indiana Code 36-7-14 as a separate body
corporate and politic, and as an instrumentality of the City to finance local public improvements
for lease to the Commission; and
WHEREAS, on September 26, 2019, the Commission at a duly advertised and noticed
public meeting, adopted its Resolution No. 3502 approving a proposed form of lease (the “Lease”)
with the Authority, as Lessor, for all or a portion of Cleveland Road in the City from its intersection
ITEM: 5B2
2
with Portage Avenue to its intersection with Ameritech Drive (the “Leased Premises”) in order to
provide for the Double Tracking Project which will lead to increased redevelopment and economic
development and job creation opportunities for the residents of the City, and the Commission
scheduled a public hearing regarding the Lease to be held on October 10, 2019, at 4:00 p.m. (local
time), in Room 1308 of the County-City Building located at 227 West Jefferson Boulevard, South
Bend, Indiana, and published notice of such public hearing on the Lease in accordance with
applicable Indiana law; and
WHEREAS, on this date said public hearing has been held, and all interested parties have
been provided the opportunity to be heard at the hearing; and
WHEREAS, the Commission intends to pay rent to the Authority (the “Rental Payments”)
pursuant to the terms of the Lease, at a rate not to exceed One Million Five Hundred Thousand
Dollars ($1,500,000.00) per year, in semiannual installments, with a term no longer than eleven
(11) years beginning on the date the Authority acquires an interest in the Leased Premises, and
ending on the day prior to a date not later than eleven (11) years after such date of acquisition by
the Authority; and
WHEREAS, the Commission seeks to authorize execution of the Lease and authorize the
publication, in accordance with Indiana Code. 36-7-14-25.2 and Indiana 6-1.1-20-5, of a Notice of
Execution and Approval of Lease and a Notice of Decision to Enter into a Lease;
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND
REDEVELOPMENT COMMISSION, AS FOLLOWS:
SECTION 1. The Commission hereby finds and determines that (i) the terms of the Lease
are based upon the value of the Leased Premises, that the Rental Payments to be paid by the
Commission, pursuant to the terms of the Lease, at a rate not to exceed One Million Five Hundred
Thousand Dollars ($1,500,000.00) per year, in semiannual installments, with a term no longer than
eleven (11) years beginning on the date the Authority acquires an interest in the Leased Premises
and ending on the day prior to a date not later than eleven (11) years after such date of acquisition
by the Authority, are fair and reasonable, (ii) the use of the Leased Premises throughout the term
of the Lease will serve the public purpose of the City and is in the best interests of its residents,
and (iii) the execution and delivery of the Lease is needed.
SECTION 2. The President or Vice-President and the Secretary of this Commission are
hereby authorized and directed, on behalf of the City, and subject to obtaining approval from the
Common Council of the City (the “Common Council”), to execute and deliver the Lease in
substantially the form presented at this public meeting with such changes in form or substance as
the President or Vice-President of this Commission shall approve, such approval to be conclusively
evidenced by the execution thereof; provided that the Rental Payments shall not exceed the
amounts set forth in Section 1 hereof.
SECTION 3. The Secretary of the Commission is hereby directed to transmit to the
Common Council a copy of this Resolution and the Lease and to request the Common Council to
adopt a Resolution approving the Lease and its execution by the Commission and the Authority,
prior to the execution of the Lease.
3
SECTION 4. The Commission hereby authorizes the publication and posting in three (3)
public places of a notice of the decision of the Commission to enter into a lease in excess of Five
Thousand Dollars ($5,000) all in accordance with Indiana Code 5-3-1 and 6-1.1-20-5.
SECTION 5. The Commission hereby authorizes the publication, in accordance
with Indiana Code 5-3-1 and 36-7-14-25.2, of the Notice of Execution and Approval of Lease,
following execution of the lease by the Commission.
SECTION 6. The President, Vice-President and Secretary of this Commission,
and each of them, is hereby authorized and directed to take all such further actions and to execute
all such documents or instruments as are desirable to carry out the transactions contemplated by
this Resolution, in such forms as the President, Vice-President or Secretary executing the same
shall deem proper, such desirability to be conclusively evidenced by the execution thereof.
SECTION 7. This Resolution shall be in full force and effect from and after its
adoption by the Commission.
ADOPTED at a meeting of the South Bend Redevelopment Commission held on October
10, 2019, in Room 1308, County-City Building, 227 West Jefferson Boulevard, South Bend,
Indiana, 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
By:
Marcia I. Jones, President
ATTEST:
Quentin Phillips, Secretary
DMS 15244875v1
1
RESOLUTION NO. 3507
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
SETTING A PUBLIC HEARING ON ADDITIONAL 2019 APPROPRIATIONS OF TAX
INCREMENT FINANCING REVENUES
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 receiving tax
increment revenues received from the allocation areas; and
WHEREAS, the Commission will be presented with and will consider Resolution No.
3404, for the appropriation of funds from the Airport Bond Debt Service Reserve, Fund No. 315,
Resolution No. 3505, for the appropriation of funds from Downtown Bond Debt Service Reserve,
Fund No. 328 and Resolution No. 3506, for the appropriation of funds from South Bend Central
Development Area Building Operations, closing out Fund 425; and
WHEREAS, the Commission desires to hold a public hearing to discuss the Resolution,
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 Resolution; 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 Resolution 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
Airport Bond Debt Service Reserve No. 3504 315 5,000
Downtown Bond Debt Service Reserve No. 3505 328 20,000
SB Central Development Area Bldg Ops No. 3506 425 8,592
ITEM: 5B3
2
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 4:00 p.m. on October 24, 2019, at 1308
County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.
3. This Resolution(s) 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
October 10, 2019, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOUTH BEND REDEVELOPMENT
COMMISSION
______________________________
Marcia I. Jones, President
ATTEST:
______________________________
Quentin Phillips, Secretary