Loading...
HomeMy WebLinkAboutRM 06-17-88SOUTH BEND REDEVELOPMENT COMMISSION RESCHEDULED REGULAR MEETING June 17, 19 8 10:00 a.m. Presiding Officer: Mr. F. Jay Nimtz President 1. ROLL C 1200 County -City Building 227 W. Jefferson Boulevard South Bend, Indiana 46601 Members Present: Mr. F. Jay Nimtz, President Mr. Roman J. Piasecki, Secretary Mr. Sandy Combs, Assistant Secretary Mr. Michael Donoho Members Absent: Ms. Paula N. Auburn, Vice President Legal Counsel: Ms. Carolyn Pfotenhauer Redevelopment Staff: Mr. Jon R. Hunt, Executive Director Mrs. Ann E. Kolata, Deputy Executive Director Mrs. Cheryl Phipps, Office Manager Bureau of Housing Staff Ms. Kathryn Baumgartner News Media: Ms. Jeanne Derbeck, South Bend Tribune Others: Mr. Carter Wolf, Center City Associates Mr. Nimtz announced that the Executive Session held prior to the Regular Meeting would be continu d following adjournment of the Regular Meeting 2. APPROVAL OF MINUTES Upon a notion made by Mr. Piasecki, seconded by Mr. rionoho, and unanimously carried, the minutes of the Regular Meeting of Friday, May 27, 1988 were approved. 3. APPROVAL OF CLAIMS Upon a notion made by Mr. Combs, seconded by Mr. Don ho and unanimously carried, the Commission formally approved the claims submittEd June 6 and June 13, 1988 and ordered checks dated June 10 and June 17, 1988 to be released. -1- COMMISSION APPROVED THE MINUTES OF THE REGUAAR MEETING OF FRIDAY, MAY 27, 1988 COMMISSION FORMALLY APPROVED THE CLAIMS SUBMITTED JUNE 6, AND , "' JUNE 13, 1988 AND ORDERED CHECKS DATED JUNE 10 AND JUNE 17, 1988 TO BE RELEASED South Bend Redevelopment Commission Rescheduled Regular Meeting - June 17, 1988 3. APPROVAL OF CLAIMS (Cont.) FTIT-17 ► L6s: American Institute of Real Estate Management Chamber of Commerce General Fund (Postage) John March (Petty Cash) South Bend Tribune BOMA Mi hiana Berreth Oil Company Foundation News Indiana Bell Communications (2 mos.) National Center for Policy Alternatives Presery tion Press Dictaph ne Totil Admin 1988 T.I.F. 1985 Cole Associates Joe Fennessee & Marie Schultz and Two Guys Plumbing Joe Feruiessee & Marie Schultz and Owens Heating & A.C. Hunzike s, Inc. Total T.I.F. 1985 T.I.F. 1986 Carl Reinke & Sons, Inc. Total T.I.F. 1986 GRAI M TOTAL 4. COMMUNICATIONS There were no communications. 5. OLD There w &s no old business. 6. NEW Mrs. Ko ata asked for permission to add item 6.h., Revised Guidelines for the Urban Homesteading Program, to the agenda. There were no objections and item 6.h. was added to the acrei ida. -2- $ 450.00 28.00 248.24 91.66 144.69 12.00 11.67 24.95 593.36 7.00 10.80 150.00 $ 1,772.37 760.82 5,245.00 1,375.00 9,986.00 $17,366.82 $75,205.36 $75,205.36 $94,344.55 THERE WERE NO COMMUNICATIONS THERE WAS NO OLD BUSINESS South Bend edevelopment Commission Rescheduled Regular Meeting - June 17, 1988 6. NEW BUSINESS (font.) a. Adoption of Resolution No. 846, a resolution of the South Bend Redevelopment Commission approvin to and execution of a Lease Bend Redeve and the South Bend ment Commission for the St. yne Parking Facility and other related matters. Mrs Kolata noted that on April 29 the Commission approved Resolution. No. 841 authorizing execution of the lease for the St. Joseph/Wayne Parking Facility. Since that time the Common Council has app owed the resolution and the lease and the Local Property Tax Control Board and the State Board of Tax Commissioners have app oved the terms of the lease. Resolution No. 846 modifies the lease, executes the modified lease, authorizes publication of notice of execution and approval of lease (to be published in the Tri ounty News and the South Bend Tribune on June 17) and authorizes the sale of the land to the Redevelopment Authority for $1.00 on July 18, 1988. The proposed rental payment of $520,000 per year is still the maximum rental ficpire rather than the actual figure. The basic provisions of the lease are as follows: (1) The Authority will provide ins trance during the construction of the facility and the Commission will provide ins trance on the structure when it is built as well as insurance on the rental payments to be made; (2) The Commission can exercise its Option to Purchase any t during the term of the lease. If that option is not exercised prior to the bonds being fully paid, the Authority will deed the property to the Commission whem the bonds are paid. Upom a motion by Mr. Combs, seconded by Mr. Donoho and unanimously carried, the Co ssion adopted Resolution No. 846 app ovinct modifications to and execution -3- COMMISSION APPROVED RESOLUTION NO. 846 APPROVING MODIFICATIONS TO AND EXECUTION OF A LEASE BETWEEN THE SOUTH BEND REDEVELOP- South BE Reschedi 6. NEW W 0 C. end Redevelopment Commission zled Regular Meeting - June 17, 1988 BUSINESS (Cont.) Continued... of a Lease between the South Bend Redevelopment Authority and the South Bend Redevelopment Commission for the St Joseph/Wayne Parking Facility and regarding other related matters. Adoption of Resolution No. 847, a resolution of the South Bend velo meet Commission establishing Red cer in funds and accounts in connection witi the Lease dated as of June 1, 1988, bet een the South Bend Redevelopment Comnission and the South Bend Authority related to the Redevelopment St. Joseph/Wayne Parking Facility, and other related matters. Kolata noted that Resolution No. 84 Mrs states that the Redevelopment Authority intends to issue bonds in the amount of $4,1375,000 to finance the construction o the garage. It is necessary for the Coranission to establish certain funds any accounts, such as the Parking Facility Maintenance Account, the Parking Facility Net Revenue Account and the Redevelopmen District Bond Fund which consists of the garage principal and interest accounts. Upon a motion by Mr. Piasecki, seconded by Mr. Combs and unanimously carried, th Comnission adopted Resolution No. 847 establishing certain funds and accounts in connection with the Lease dated as of June 1, 1988, between the South Bend Redevelopment Commission and the South Bend Redevelopment Authority related to the St. Joseph/Wayne Parking Facility, and other related matters Coianission authorization requested to send Notice of Termination of Lease to South Bend Parking Co y, Inc. for property located at St. Joseph & Wayne Streets. -4- I MENT AUTHORITY AND THE SOUTH BEND REDEVELOPMENT COMMISSION FOR THE ST. JOSEPH/WAYNE PARKING FACILITY COMMISSION ADOPTED RESOLUQTION NO.847 ESTABLISHING CERTAIN FUNDS AND ACCOUNTS IN CONNECTION WITH THE ST.;JOSEPH/WAYNE PARKING FACILITY LEASE South Bend edevelopment Commission Rescheduled Regular Meeting - June 17, 1988 6. NEW BUSTNESS (Cont.) c. Continued— Mrs. Kolata explained that this is the property on which the parking facility is to be constructed. According to the terms of the Commission's lease with South Bend Parking Company, there is no specified time required for Notice of Termination. However, we intend to require them to vacate by July 15, paying one half month's rent for July l through Jul 15. Upon a motion by Mr. Combs, seconded by Mr. Donoho and unanimously carried, the Co ssion authorizing the staff to send Notice of Termination of Lease to South Bend Parking Company requiring that South Bend Parking vacate the property by 5:00 p.m. on July 15, 1988. d. Ado tion of Resolution No. 848, a res lution of the South Bend Redevelopment Commission approving modifications to and execution of a Lease between the South Bend Redevelopment Authority and the South Bend Redevelopment Commission for the Stanley Coveleski Regional Stadium and regarding othe related matters. Mrs. Kolata explained that Resolution No. 848 is similar to Resolution No. 846 pertaining to the lease for the parking facility. The lease for Stanley Cove eski Regional Stadium has been approved by the South Bend Common Council, the Local Property Tax Control Board and the State Board of Tax ConmLssioners. The resolution modifies the Lease, approves the modified lease, and authorizes publication of notice of execution and approval of the lease in the Tri-County News and South Bend Tribime on June 17. The lease amount is still set at the maximum $1,000,000 per year until the interest rate of the bonds is khown. -5- COMMISSION AUTHORIZED STAFF TO SEND NOTICE OF TERMINATION OF LEASE TO SOUTH BEND PARKING CO. South Bend edevelopment Commission Rescheduled Regular Meeting - June 17, 1988 6. NEW BUSINESS (Cont.) d. Continued... As ith the lease for the parking facility, the stadium lease provides an Option to Purchase which may be exercised at any time. If it is not exercised, the Authoriy will deed the property to the Con#ission upon payment of the bonds. Mrs Kolata noted that the bond for the parking facility is a tax exempt bond, but the bond for the stadium is taxable. If Congress passes requested legislation, another refinancing could take place and the bond would be tax exempt. Upon a motion by Mr. Donoho, seconded by Mr. Piasecki and unanimously carried, the Cormtission approved Resolution No. 848 approving modifications to and execution of a Lease between the South Bend Red velopment Authority and the South Bend Redevelopment Commission for the Stanley Coveleski Regional Stadium and regarding other related matters. e. Adoption of Resolution No. 849, a resolution of the South Bend Red 7evelopment Commission establishing certain funds and accounts in connection wit the Lease dated as of June 1, 1988, between the South Bend Redevelopment Cormission and the South Bend Redevelopment Authority related to the Star,ley Coveleski Regional Stadium and other related matters. Mrs. Kolata explained that the resolution states that the Authority intends to issue bonds in the amount of $5,685,000 to finance the acquisition of the stadium, thereby creating a Redevelopment District Bond Fund and other accounts as nec ssary. It states that the Commission will levy a special tax on all taxable pro rty in South Bend in 1988 to help mako the required lease payment. -6- COMMISSION APPROVED RESOLUTION NO. 848 APPROVING MODIFICATIONS T0.1-AND EXECUTION OF A LEASE BETWEEN THE SOUTH BEND REDEVELOPMENT AUTHOR- ITY AND THE SOUTH BEND REDEVELOPMENT COMMISSION FOR THE STANLEY COVELESKI REGIONAL STADIUM South Bend F Rescheduled 6. NEW BUSI e. Cont Upor. Mr. Comer esta in c Sout the rely Stad f . Coma lopment Commission ar Meeting - June 17, 1988 (Cont.) a motion by Mr. Combs, seconded by onoho and unanimously carried, the ssion adopted Resolution No. 849 lishing certain funds and accounts nnection with the Lease between the Bend Redevelopment Commission and outh Bend Redeveloment Authority ed to the Stanley Coveleski Regional um and other related matters. ssion approval of proposal from The cape Design Company, Inc. for design ces at St. Joseph Street and Western Mrs. Kolata explained that the redesign of the park -like area at St. Joseph and Western is part of the reopening of Mic igan Street to two -way traffic and is int nded to change the use of the park-like area from a sitting /gathering area to a viewing area, improving the visibility and security of the project area and the adjacent parking lot. The design concept will include the use of exi ting plant materials and other ame ities where possible while removing all benches and walls which encourage sitting and reduce visibility. The Landscape Design Company expects to have pre iminary designs within four weeks and pro ses a cost for services of $2,500. Upor a motion by Mr. Donoho, seconded by Mr. Combs and unanimously carried the Co ssion approved the proposal from The Landscape Design Company, Inc. for design se ices at St. Joseph Street and Western Aver ue. g. Cormission approval requested for loans in connection with the Section 312 Loan Pr ram in accordance with the reccmmendations from the Bureau of Houslincl. cra COMMISSION ADOPTED RESOLUTION NUMBER 849 ESTABLISHING CERTAIN FUNDS AND ACCOUNTS IN CONNECTION WITH THE LEASE FOR THE STANLEY COVELESKI REGIONAL STADIUM COMMISSION APPROVED THE PROPOSAL FROM THE LANDSCAPE DESIGN COMPANY FOR DESIGN SERVICES AT ST. JOSEPH AND WESTERN AVENUE South Bend edevelopment Commission Rescheduled Regular Meeting - June 17, 1988 6. NEW R (Cont.) Kirin L. Edly 120IGarfield Court Haz l F. Basker 5371E. Indiana Ave. Mrs Kolata noted that the loan for 120 Garfield assumes a loan from the Housing Dev lopment Corporation in the amount of $9,(00 to make up the difference between the Section 312 loan and the .$23,940 bid Upor a motion by Mr. Piasecki, seconded by Mr. Combs and unanimously carried, the Cormission approved the loans in connection with the Section 312 Loan Pr ram as recommended by the Bureau of Hou ina. h. Ccm�ssion approval requested for Revised Ms. Baumgartner explained that on March 11, 1988, the Commission approved Revised Guidelines for the Urban Homesteading Program which were intended to streamline the process and allow award of the properties on an expeditious schedule. However, instead of the homes becoming available one at a time, they will again be available in quantity and the previous method of processing the applicants is more desirable. The Revised Guidelines bein4 considered today revert back to the original processing method. Upon a motion by Mr. Combs, seconded by Mr, Piasecki and unanimously carried, the Commission approved the Revised Guid lines for the Urban Homesteading Amount $16,050.00 $16,450.00 COMMISSION APPROVED THE LOANS IN CONNECTION WITH THE SECTION 312 LOAN PROGRAM AS RECOMMENDED BY THE BUREAU OF HOUSING COMMISSION APPROVED THE REVISED GUIDELINES FOR THE URBAN HOMESTEADING PROGRAM South Bend Redevelopment Commission RescheduledlRegular Meeting - June 17, 1988 7. PROGRES$ REPORTS a. Combined Capital / Kirco Development PROGRESS REPORTS Mrs Kolata showed and explained the plans approved by the Design Review Co ttee on June 14 for the Combined Cap tal /Kirco Project, the office building to be constructed at St. Joseph and Washington. The visual corridor will be maintained with the construction of a thr e story promenade. The 30 foot strip without restriction will be used for the drive-through bank lanes. All of the maintenance facilities will be housed within the building. They expect to secure a restaurant tenant, retail tenant and bank tenant for the first floor. When Combined Capital originally bid on the property, they proposed a 70,000 square foot building. The building is now proposed to be 132,000 square feet on six floors. The facade will be brick on all sides, complimentary to the brick in Century Center. The circulation pattern will be one way all around. The connection to the parking garage is prorosed for the first floor. Mrs. Kolata noted that the representatives from Kirco stressed that they were sacrificing 20,000 square feet of office space per floor to honor the Co ssion's requirement of the visual cor idor and the project cost would be sigrificantly higher as a result. They hope that the Commission will be able to hol out for the visual corridor reqLirement from future developers. Mr. Hunt noted that the developer also poi ted out that the design of the building is intended to be classic rather thar trendy. He stressed the importance of that because of the prime location in the downtown. Ms. Derbeck asked if the developer had secured a bank tenant. Mrs. Kolata res nded that they had not, but were developing it speculatively. South Bend edevelopment Commission Rescheduled Regular Meeting - June 17, 1988 7. PROGRESS REPORTS (Cont.) a Mr. Wolf indicated that Center City Associates supports the redesign of the St. Joseph/Western plaza area. 8. NEXT COWISSION MEETING a Mrs. Ko ata noted that the next Regular Meeting is scheduled for June 24. She indicat d that there did not seem to be a need for a m eting that soon. The ne meeting of the Commission will be its Regular Meeting on July 8 at 10:00 a.m. There being no further business to come before the Conwission, Mr. Donoho made a motion that the meeting be adjourned. Mr. Piasecki seconded the motion and the meeting was adjourn at 11:05 a.m. President Ann E. Kolata, -10- NEXT COMMISSION MEETING W/ Executive Director