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Home My WebLink AboutRM 02-26-88SOUTH BEND REDEVELOPMENT COMMISSION REGULAR SCHEDULED MEETING February 26, 1988 10:00 a.m. Presiding Officer: Mr. F. Jay Nimtz President 1. ROLL CALL Members Present Members sent: Legal Co sel: Redevelo ent Staff: Bureau News ME Others: Housing Staff: a: 1200 County -City Building 227 W. Jefferson Boulevard South Bend, Indiana 46601 Mr. F. Jay Nimtz, President Ms. Paula N. Auburn, Vice - President Mr. Roman J. Piasecki, Secretary Mr. Michael Donoho Mr. Sandy Combs, Assistant Secretary Ms. Carolyn Pfotenhauer Mrs. Ann E. Kolata, Acting Executive Director Mrs. Cheryl Phipps, Office Manager Mrs. Kathryn Baumgartner, Director Ms. Jeanne Derbeck, South Bend Tribune Mr. Mark Kelly, WNDU -TV Ms. JoAnn Harper, Chief Deputy Clerk Mr. Thomas Varga, Redevelopment Authority Mr. Chris Davey, Redevelopment Authority Mr. Joseph Wroblewski, Redevelopment Authority Mr. Robert Sowinski, Combined Capital Group Mr. Carter Wolf, Center City Associates Mr. Nimtz anilounced that the Executive Session would continue following adjournment of the Regular Meeting. Ms. JoAnn Ha r, Chief Deputy City Clerk, OATH OF OFFICE ADMINISTERED TO administered the oath of office to Mr. Michael MR. MICHAEL DONOHO Donoho, Co ssioner. 6. NEW a. Swearing in of Redevelopment Authority. Ms. JoAnn Harper administered the oath of office to the following members of the Redevelopment Authority: Mr. Thomas A. Varga, Jr., Mr. Chris Davey, and Mr. Joseph Wroblewski. -1- OATH OF OFFICE ADMINISTERED TO MEMBERS OF THE REDEVELOPMENT AUTHORITY South Bendedevelcpment Commission Regular Me ting - February 26, 1988 6. NEW BUSiINESS (Cont.) 2. 3. a. uorF-inuea... Mr. Nimtz expressed appreciation for the willingness of the members of the Authority to accept this responsibility. Mrs. Kolata explained that the Redevelopment Authority's first project will be the financing for the St. Joseph/Wayne Street parking garage. She noted that the Authority would likely ha e an organizational meeting within the ne two weeks so that they can begin th it work. OVAL OF MINUTES Upon a motion made by Mr. Piasecki, seconded by Ms. Auburn and unanimously carried, the minutes of the Regular Meeting of Friday, February 12, 1988 were approved. APPROVA L OF CLAIMS Ms. Auhurn declared a conflict of interest on the claims and abstained from voting. Upon a motion made by Mr. Piasecki, seconded by Mr. Donoho and unanimously carried, the Commis ion formally approved the claims submitted February 8, February 15, and February 22, 1988 and ordered checks dated Februa 12, February 19, and February 26, 1988 to be released. ADMIN 11987 Bureau f National Affairs C.D.S. Warren, Gorham & Lamont Jon R. unt Indiana Bell Communications Indiana Bell Telephone Ann E. Kolata Mishawaka Enterprise Rick Pitts America Corporation d Construction -2- COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF FRIDAY, FEBRUARY 12, 1988 COMMISSION APPROVED CLAIMS SUB- MITTED FEBRUARY 8, FEBRUARY 15, AND FEBRUARY 22, 1988, AND ORDERED CHECKS DATED FEBRUARY 12, FEBRUARY 19, AND FEBRUARY 26, 1988 TO BE RELEASED $ 295.00 3.00 19.60 21.01 296.68 99.34 86.77 44.20 19.49 268.00 59.45 1,400.00 South Bend Redevelopment Commission Regular Me ting - February 26, 1988 3. APPROV7,L OF CLAIMS (Cont.) Claridge Products & Equipment Compu- et Warren Gorham & Lamont General Fund General Fund Urban Iand Institute Federal Express Indian Bell Communications Jo's DE li Ann E. Kolata The Loft Trans Tech South Bend Tribune Urban Land Institute Rick Pitts Valley C.D. Publications 12.60 4. 641.90 1,600.00 47.50 1,661.03 107.15 35.50 62.50 296.68 22.68 83.90 16.60 154.22 29.50 104.90 Totla 1 Admin 1988 $ 7,852.60 T.I.F. 1985 I & M Electric Company $ 45.26 Ken Herceg & Associates 3,900.00 Valley Engineering Consultants 2,480.00 Abstract Company of St. Joseph County 200.00 All Phase Electric 270.00 Elkahrt Supply 5,106.00 I & M Electric 120.77 Interstate Glass Co., Inc. 305.00 Sinton Supply 300.48 Trans Tech Electric 710.80 Twin City Paint & Glass Co. 390.21 Valley Engineering Consultants 12.60 Walker Parking Consultants 6,771.83 Total T.I.F. 1985 $ 20,612.95 'DOTAL $ 28,465.55 There w re no communications. 5. OLD BUSINESS There w4s no old business. -3- THERE WERE NO COMMUNICATIONS THERE WAS NO OLD BUSINESS South BE Regular 6. NEw 1701 W Cm end Redevelopment Commission Me ting - February 26, 1988 BU INESS approval requested for Relea Commission of Rehabilitation Grant Mortgage Liens for the following clients in accordance with the recommendation from the Bureau of Housing. Hudson 1310 South Bend Ave Lucille Catherine Thompson 1409 E. Miner Mrs. Kolata noted that the five year te: of the loan has passed. The property owners have kept the home in good condition and the taxes and insurance a: paid. Therefore, the property owners qu aify for release of the liens. Upon a motion by Ms. Auburn, seconded b, Mr. Piasecki and unanimously carried, tl Coirmission approved the Release of Rehabilitation Grant Mortgage Liens for the clients listed above in accordance with the recommendation from the Bureau of lousing. Coirmission approval requested for Resolution No. 830 petitioning the Portage Township Assessor for a of Property in the South Reassessment Bend Central Allocation Area. Kolata noted that Resolutions No. Mrs. 830, 831, 832 and 833 are all petitions for a reassessment of property value in the various redevelopment tax increment financing allocation areas. This is an annual procedure to. determine what our tax increment is. This is the first ye< we are requesting an assessment of the West Washington- Chapin Allocation Area. Upon a motion by Mr. Donoho, seconded b, Mr. Piasecki and unanmously carried, the Coirmission approved Resolution No. 830. Commission approval requested for Resolution No. 831 petitioning the Portage Township Assessor for a of Property in the Rum Reassessment Village Industrial Park Allocation Area -4- >e :m �e 7 COMMISSION APPROVED THE RELEASE OF ie REHABILITATION GRANT MORTGAGE LIENS FOR THE CLIENTS LISTED ABOVE IN ACCORDANCE WITH THE RECOMMENDATION FROM THE BUREAU OF HOUSING Lr COMMISSION APPROVED RESOLUTION NO.830 South Bend Regular Mee 6. NEW BUS d. Con elopment Commission - February 26, 1988 (font.) Up n a motion by Ms. Auburn, seconded by Mr. Donoho and unanmously carried, the Co ssion approved Resolution No. 831. e. Commission approval requested for Resolution No. 832 petitioning the Portage Township Assessor for a Reassessment of Property in the St debaker Corridor Allocation Area. Up n a motion. by Mr. Piasecki, seconded by Donoho and unanmously carried, the Co 'ssion approved Resolution No. 832. f. Co ssion approval Resolution No. 833 t of for ,ssessor for a operty in the West Allocation Area. Up n a motion by Ms. Auburn, seconded by Mr. Piasecki and unanmously carried, the Co 'ssion approved Resolution No. 833. g. Coirmission approval requested for Certificate of Coirpletion for Teachers Credit Union for parcel 4 -67 and parce 4-68. Mrs. Kolata noted that the two projects covered in items 6.g., 6.h., and 6.i., Teachers Credit Union and TRANSPO, have been completed according to the terms of their respective Contracts for Sale of Land. They are entitled to a Certificate of Completion to close out the Contracts. Teachers Credit Union had two Contracts for adjoining pieces of property, and therefore will receive Certificates of Con letion for each. by of foz n a motion by Mr. Piasecki, seconded Mr. Donoho and unanimously carried, Commission approved the Certificate Completion for Teachers Credit Union parcel 4 -67 and parcel 4 -68. -5- COMMISSION APPROVED RESOLUTION NO. 831 COMMISSION APPROVED RESOLUTION NO. 832 COMMISSION APPROVED RESOLUTION NO. 833 COMMISSION APPROVED THE CERTIFICATE OF COMPLETION FOR TEACHERS CREDIT UNION FOR PARCEL 4 -67 AND PARCEL 4 -68 South B e Regular WEERN" �6T i. 7- nd Redevelopment Commission Meeting - February 26, 1988 BUSINESS (Cont.) ssion approval requested for Co Certificate of Completion for Teachers Credit Union for parcel 4 -84 and vacated all . a motion by Mr. Donoho, seconded by Upon Mr. Piasecki and unanimously carried, th Co ssion approved the Certificate of Completion for Teachers Credit Union for par el 4 -84 and vacated alley. Comuission proval requested for ap of Co letion for South Bend Certificate Public Transportation Corporation for pa= el 4 -65 and parcel 4 -87. a motion by Mr. Doncho, seconded by Upo Mr. Piasecki and unanimously carried, thi Commission approved the Certificate of ComDletion for South Bend Public Transportation Corporation for parcel 4-65 and parcel 4 -87. Comnission action requested on parcel C4-3 in the South Bend Central Area. Kolata noted that parcel C4 -3 is the Development Mrs parcel awarded to Combined Capital Ass ciates XVI last spring. Combined Capital Associates XVI is requesting an am dment to the Contract for Sale of Land. Mrs. Kolata summarized the reqjested changes: (1) the name of the developer would be changed to Combined Capital /Kisco Office Associates; (2) the staft date for construction would be September 30, 1988; (3) the completion date would be on or before November 30, 198 ; (4) plans would be submitted to Design Review Committee by June 1, 1988; (5) financial commitment would be in place by August 1, 1988; (6) constructooi bid (ling would begin by August 1, 1988; and (7) that the deed would not be transferred until the financial c om.A Atments are in place. All other teri.is and conditions of the Contract wou d remain the same. -6- COMMISSION APPROVED THE CERTIFICATE OF COMPLETION FOR TEACHERS CREDIT UNION FOR PARCEL 4 -84 AND VACATED ALLEY COMMISSION APPROVED THE CERTIFICATE OF COMPLETION FOR SOUTH BEND PUBLIC TRANSPORTATION CORPORATION FOR PARCEL 4 -65 AND PARCEL 4 -87 South Ben0edevelopment Commission Regular Me ting - February 26, 1988 6. NEW BUSINESS (Cont.) j. Continued... Mr Sowinski explained the reason for the chEmges. Shortly after Combined Capital Associates XVI was awarded the bid, they were approached by three different out-of-town firms interested in doing a joint venture project. After much discussion and research into Kirco Realty and Development Corporation of Bloomfield Hills, Michigan, they have decided they would like to proceed in a joint venture project with them. Kirco has extensive experience in office development as well as contacts with major companies nationwide. The lease -up of the office buildings they have built is very successful. They do quality work and ha -4e a style similar to the project which was approved for parcel C4 -3. Mr. Sovrinski indicated that if pre - leasing activities continue to be favorable, they ma construct a 100,000 s.f. office building instead of the proposed 70,000 s. f. building. He also indicated that he wo ld continue to be the primary person in charge of the project. Ms. Auburn asked if they anticipate any difficulty securing financing. Mr. So inski responded that he sees a "window of opportunity" at the present time due to the recent fall of the stock market, ca sing investors to look for an in estment that won't lose one third to ono half of its value over night. Ms. Derbeck asked if the building design will change from the original proposal. Mrs. Kolata responded that the initial pr sal is a preliminary proposal. As the project proceeds, it is usually necessary to change the design to some- extent. That may happen in this project, but not necessarily as a result of Ki o's involvement. Any changes will require approval of the Design Review Coninittee. crZ South Bend Regular MeE 6. NEW BUE j. Cor elopment Commdssion - February 26, 1988 (Cont.) Upon a motion by Mr. Piasecki, seconded by Mr. Donoho and unanimously carried, the Commission approved the requested changes noted above to the Contract for Sale of Land for parcel 4 -30. k. Coirmission action requested on parcel C4-30 in the South Bend Central De elopment Area. Mrs. Kolata noted that this is the parcel, adjacent to the Combined Capital pr perty, which was awarded to Washington/St. Joseph Associates. They ha e never executed the Contract for Sale of Land, although a Contract was sent to them several months ago. Recently a letter was sent to Washington /St. Joseph Associates informing them that a Contract needed to be in place by February 26 and stating that the Commission would revoke the award of the Contract if the Contract was not signed by that date. Washington/St. Joseph Associates has not executed the Contract and is aware that the Co=ssion intends to revoke the award cf the bid. Upcn a motion by Ms. Auburn, seconded by Mr. Donoho and unanimously carried, the Commission revoked the award of bid to Washington/St. Joseph Associates for ua cel C4 -30. Item 6.1. * an addition to the agenda. 1. Con E3- Ber Mr: prE As Lin not stE re: sion action on parcels E1 -1, E3 -3, E3 -3A, E3 -4A and E9 -11 in the South t Area. . Kolata noted that these parcels were viously awarded to Raintree Point Dciates and Mill Race, an Indiana ited Partnership. The projects have moved forward as expected and the Ff recommends giving notice to the pective developers of a deadline for COMMISSION APPROVED THE REQUESTED CHANGES TO THE CONTRACT FOR SALE OF LAND FOR PARCEL 4 -30 COMMISSION REVOKED THE AWARD OF BID TO WASHINGTON /ST. JOSEPH ASSCICIATES FOR PARCEL C4 -30 South Bend Regular Me 6. NEW BU 1. Co elopment Commission - February 26, 1988 (Cont.) comtlying with the conditions set forth in he Contracts for Sale of Land. ITUM de th, 7. PROGRE. Mrs. K Specim mement Mrs. K signif Bill 3 approv signat the di Eugeni Richar Swhier Daniel the pr out of Taxpay tax in Mrs. K Board petiti the pr garage WE legis and o a motion by Mr. Donoho, seconded by Piasecki and unanimously carried, the Fission authorized staff to give ce to Raintree Point Associates for el E1 -1 and to Mill Race, an Indiana ted Partnership for parcels E3 -3, , E3 -3A, E3 -4A, and E9 -11, that the ission intends to revoke the racts for Sale of Land at its Regular ing on March 25, 1988, if the .ults are not cured by 10:00 a.m. on . date. REPORTS lata presented the Commissioners with as of the bonds from the Bond Sale as a . The Bond Closing was February 24. ata noted that there has been ant development recently in Senate . Both the House and Senate have .it and all that it requires is the e of the Governor. She acknowledged gent work of Senator Hunt as well as Schwartz from Nickle and Piasecki, Hill from Parker & Jaicomo, and Robert nd Richard Starkey from Baker & It will allow a credit similar to erty tax replacement credit to be paid chat would have been increment. -s will not be penalized for being in a -ement area. to also noted that yesterday the Zoning Appeals ruled favorably on our for reduced size parking spaces in sed St. Joseph /walne Street parking complemented Mrs. Kolata for her work on behalf of the T.I.F. .on. He also thanked Senator Hunt, legislators from St. Joseph County, molls COMMISSION AUTHORIZED STAFF TO GIVE NOTICE TO RAINTREE POINT ASSOCIATES AND MILL RACE, AN INDIANA LIMITED PARTNERSHIP THAT THE COMMISSION INTENDS TO REVOKE THE CONTRACTS FOR SALE OF LAND AT ITS REGULAR MEETING OF MARCH 25, 1988, IF THE DEFAULTS ARE NOT CURED BY 10:00 A.M. ON THAT DATE PROGRESS REPORTS South Bend Regular Me, a elopment Commission - February 26, 1988 1-m—WM The next Regular Meeting of the Redevelopment NEXT COMMISSION MEETING Conmissi n will be March 11, 1988, at 10:00 a.m. There being no further business to come before ADJOURNMENT the Co ssion, Ms. Auburn made a motion that the meeting be adjourned. Mr. Piasecki seconded the motion and the meeting was ad�ourne at 11:10 a.m. Pr sident Ann E. Kolata, Acting Executive Director -10-