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Home My WebLink AboutRM 12-21-90Dew: 21 10:00 a.m. Presiding. 1990 Mr. Roman Piasecki Secretary Legal Reel t Staff: Bureau, f Housing Staff: Others: albm V D A13) F.1 C u101wMIz 1200 County -City Building 227 W. Jefferson Boulevard South Bend, Indiana 46601 W. Rosman J. Piasecki, Secretary Mr. Sandy Combs, Assistant Secretary Mr. Michael Doncho Ms. Jenny Pitts Manier Mrs. Ann Kolata, Director Mrs. Cheryl Phipps, Office Manager Mr. K. C. Pocius, Economic Dev. Specialist Mr. Ted Leverman, Assistant Director Mr. Garter Wolf, Center City Associates Mr. Richard Bradford Mrs. Helen Bradford 2. APPROVAL OF M 9J'= Upon a motion. made by Mr. Donoho, seconded by Mr. Conts and unanimously carried, the minutes of the Rescheduled Regular Meeting of Friday, December ,7, 1990, were approved. 3 OF CLAIM' Jerome E. Michaels Petty Cash Reimbursement TOTAL -1- •• I UMN K*) - --• N1 1 M 6110 • 1 � I�Ir �� - �r I� 1 • � a•1� 1- �1• • • 1 $ 129.80 47.44 8.50 14.14 199.88 $ 16,150.00 25.00 $ 16,175.00 Ve h Upon 'a m Mr. 'Dona Ccn nissi sull iitte checks d released 4. O0NH7N.LC There we 5. OLD BUSI1 There wa: 6. NEW B(JSIP a. Coa imj Cert� mient Commission Meeting - December 21, 1990 RS (Cont.) & Title TOTAL, Paving & Excavating tion made by Mr. Combs, seconded by :) and unanimously carried, the n formally approved the claims December 19, 1990 and ordered bed December 21, 1990 to be no communications. no old business. Mrs. Kolata noted that this is a forg' eness of $2,283, which is 10% of a Rental Rehab Loan. The waiver is based on the provisions of the agreement that the property be maintained up to code and kept insured, that taxes be kept current, and that 50% of the units be made available for rent to low and moderate tenants. Upon FL motion by Mr. Donoho, seconded by Mr. C mLbs and unanimously carried, the Commission approved the Certificate of Waiv for Vernon K. Grable and Lois J. Dowel for property located at 1518 L�inco v West. -2- $ 5,035.00 $ 5,035.00 $ 13.285.00 $ 13,285.00 $ 34,694.88 VC%WSSICN FORMELY APPROVED CLAIMS aD DECEMBER 1990 AND ORDERED CIECIZ DATED DECEMBER 21,, 1990 REIFASED THERE WERE NO>CCWMCATIONS THERE-MS Pre OID BUSINESS OCRUSSION APPROVED CERTIFICATE OF MUNER FOR VERNON K. GRABLE AND LDIS J. POWELL FOR PROPERTY LOCATED AT 1518 LINCOLNWAY WEST South Bend F Rescheduled M b. c.. d. anent Commission Meeting - December 21, 1990 (Cont.) Mrs. Kolata explained that this is a modification to an existing contract. The original contract was to have expired December 31, 1990. It is being extended to December 31, 1991. The original con ct was for $100,000. 'There has an additional $80,000 added to the con ct. The purpose of the contract is to preliminary develcpmnt costs for pro ects, prior to having funds for the pro ects themselves. It is paid back fra i project funds when they are available. The $80,000 being added to fund is a repayment of pr evelcpment costs from the Studebaker Co idor Bond issue. Uport a motion by Mr. C mbs, seconded by Mr. Donoho and unanimously carried, the Camd.ssion approved the Addendum to Contxact with the Department of Economic Dev opment for Predevelcpment Activity 0 -002). Staff XLeport on acquisition of property in the Studebaker Corridor Development Arez L. Theas were no counter offers for co ideration by the Commission at this Mr. Pocius explained that ATEC needs to do ing to one more property in the Stikebaker Corridor under their current contract. nmt property is a gas "ion. ATEC was originally going to tes# it by what is called a "tank -3- Cnq4ISSION APPROVED ADDENDUM TO CONTRACT WITH THE DEPARIMENT OF ECONOMIC DEVELOPIVEM FOR PREDEVELOPHENT •.:0 0• South Bend evelopnent Commission Rescheduled Pegular Meeting - December 21, 1990 6. NEW BUSINESS (Cont.) d. contlmed... e. ti s" method. However, the tanks need to be full to use that method. The has indicated that one of the two will never be filled with fuel as the 1 lemand for that type of fuel is not high enough. An alternative method for test' is to do soil borings around the ta„k The cost difference between the two methAs is significant. The "tank tigh " method costs $500 per tank. The Soil borings, at six per tank, cost $985 per boring plus a one time staging cost of $250, totalling $6,160. Mr. Doncho suggested that the staff look into the cost of filling the tank for test' imposes and then reselling the fuel to Municipal Services for use in City vehicles. The 13mmussion directed the staff to inves.tigate the possibility of purchasing fuel to fill the tank for the "tank tigh " testing method. Upon a motion by Mr. Doncho, seconded by W. mbs and unanimously carried, the ion directed the staff to inv igate the possibility of filling the with City purchased fuel in ord to do a tank tightness test. If that is not -a possibility, the commission app es the Amendment to Contract with ATEC Envirornnental Consultants for env' nmental services in the Studebaker Corr dor Development Area. -4- • • •• • �. 1 lal ! lai • a• � r • i Ial •• •1 all -• lai al' « I al' a•-- �•• al COO Iai South Bend ] Rescheduled 6. NEW BUS: e. con ECO IM IM Mrs Mrs C Mr. in the f. mint Car[u fission Meeting - Decmmber 21, 1990 (Cont.) Kolata explained that the Resolution ►lishes a fund )yawn as the "Airport mic Development Area Taxable Public :vement Project Principal and Est Account" and other accounts : may be necessary to serve the It also mandates that, if there tot sufficient funds to make the payments for the next calendar the Comuission must levy a tax .cient to make the lease payments. is a back -up position for the bond :rs and is not expected to be Kolata noted that the reason for f two bonds is that there are some cts that can not be paid for from xempt funds. If we were to do one it would have to be a taxable bond : would be at a higher interest There are enough parts of the ct that can be paid for from tax ►t funds to make the interest savings than the cost of doing a second a motion by Mr. Combs, seconded by bnoho and unanimously carried, the .ssion approved Resolution No. 967 dishing certain funds and accounts Innection with the Lease dated as of ,t 1, 1990 between the South Bend ,elcpment Authority and the South RedevelcpTent Ccamnission relating to drport Economic Development Area .c Improvement Project (Taxable ►vements) and other related matters. -5- •• • ■ ■' • • • • . rr «a� -�w r • r• ■• •� •• • r • ■ i� ■ r I Z VOITA D ID A 0 114,111 WIN NO • • r - • i r • i �' � air r• � -ti South Bend ] Rescheduled 6. f. a is Mr. M1 the i Mrs the ament Commmission Meeting - December 21, 1990 (Cont.) Kolata noted that Resolution No. 968 [entical to Resolution No. 967 except it includes wording for the tax rt status. a motion by Mr. Combs, seconded by ronoho and unanimously carried, the .ssion approved Resolution No. 968 dishing certain funds and accounts rnnection with the Lease dated as of ,t 1, 1990 between the South Bend ,elopll nt Authority and the South Redevelopment Commission relating to jxport Economic Development Area .c Improvement Project (Tax Exempt rvements) and other related matters. Kolata noted that since the bond has been divided into a taxable and a tax exert bond, the Lease to be revised to reflect wording to effect and to show the payment ule for both bonds. Kolata noted that the Lease states if the lease payments for one bond d discontinue, we would still be ated to make lease payments on the one. Payment dates and amounts for ax exempt bond will be semi- annual I L• I • r ..� alp I • I • : DID INN I AIWi • . KIN • I' • • •� •• •. 1 / �I • ` ICI • ' �11�i i` I I - -• � I� � • ICI• J South Bend evelcp wnt Camiission Rescheduled I Regular Meeting - December 21, 1990 6. NEW BUSINESS (Cont.) 7. 8. a payments of $95,500 beginning when the pro ect is ccoplete or January 28, 1994. The payment dates and amounts for the te-ouble bond will be semi - annual payments of S232,000 beginning July 28, 1993 or when the project is completed. The Lease also stipulates that we will do nothing to Jecpardize the tax exempt status of the bonds. Fis�ld olata noted that we expect one revision to the Lease when the bond and final numbers are Down. Upon a motion by Mr. Doncho, seconded by Mr. Ccenbs and unanimously carried, the Comm.ission approved Resolution No. 969 approving a Restated and Amended Lease between the South Bend Redevelopment Autt ority and the South Bend Rede velopement Camnission for the Airport Ecormic Development Area Public Impi ovement Project. Mrs. Ko ata reported that the Redevelopment Authori will be meeting later this a n to consider the Amended Lease and to approve the Official Statements for the bonds. Mrs. Ko ata also reported that the model for East Race Villas is now open. That is Karl Schramm s development of condaniniums on Niles A enue. It is a very nice project. The Meeting meeting of the Redevelopment on will be its Annual Organizational at 10:00 a.m. January 2, 1991. -7- I� � X11 �� I • a•' 1 • IN 10) . 1 1' • • •� 1 I•'•.• � 1�1 • -• ..•d• 1:11;0U al, a• i 1 • ��1�1 eJ South Bend Redevelopnent Cam¢nission Rescheduled Regular Meeting - December 21, 1990 9. ADI There b before Doncho adjourn and the '� Paula t f no further business to come AWOURM14ENr Redevelopment Commission, Mr. a motion that the meeting be Mr. Combs seconded the meeting ting was adjourned at 10:35 a.m. Auburn, Vice President Ann E. Kolata, Director