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Home My WebLink AboutRM 02-28-92February 28 10:00 A.M. Presiding 0 1. 2. 3. SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING 1992 `ficer: Ms. Paula N. Auburn President 1200 County -City Building 227 W. Jefferson Boulevard South Bend, Indiana 46601 Members Present: Ms. Paula N. Auburn, President Mr. Roman J. Piasecki, vice President Mr. Michael Donoho, Secretary Mr. Philip J. Faccenda, Assistant Secretary Ms. Charlotte Huddleston Legal C unsel: Ms. Jenny Pitts Manier Redevel pment Staff: Mrs. Ann Kolata, Director Mrs. Cheryl Phipps, Office Manager Bureau f Housing Staff: Mr. Ted Leverman, Assistant Director News Melia: Mr. Don Porter, South Bend Tribune Mr. Thom Howell, U -93 Others: Mr. Carter Wolf, Center City Associates Ms. Aub rn announced that the Executive Session held prior to the meeting would be continu d following adjournment of the Regular Meeting. Upon a otion made by Mr. Faccenda, seconded by Mr. Piasecki and unanimously carried, the minutes of the Regular Meeting of Friday, February 14, 1992, were approved. Tri -Co ty News South B nd Tribune United arcel Service Arts Council of Indianapolis Cultural Congress South B nd Drafting -1- COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF FRIDAY, FEBRUARY 14, 1992 35.04 36.92 9.00 85.00 50.00 South Bend Regular Mee 3 4. velopment Commission - February 28, 1992 CLAIMS (Cont.) continued... Business Owners and Managers Association Center City Associates National Association of Industrial Office Parks Baker & Daniels Indiana Michigan Power Valley erican Bank VISA TOTAL St. Joseph Title Corporation Abstract and Title Corporation Indiana Michigan Power Northern Indiana Public Service Company Renovations, Inc. E.I.S. Envirnomental Engineers Lang, Feeney & Associates Torok Excavating Warner & Sons, Inc. Carolyn Yarger -Blake Cole Associates Jerome Michaels Richard McCloskey St. Joseph Title Corporation St. Jos ph County Treasurer St. Jos ph County Treasurer Ken Heroeg & Associates TOTAL TOTAL GRAND TOTAL Upon a notion by Ms. Huddleston, seconded by Mr. Fac enda and unanimously carried, the Commission formally approved the Claims submitted February 21 and February 28, 1992 for Davnent. There were no communications. -2- 395.00 365.00 400.00 231.00 19.09 15.73 $ 1,641.78 $ 75.00 185.00 28.41 327.76 187.20 5,754.64 350.00 1,908.75 167,909.65 112,573.58 429.64 425.00 425.00 600.00 4,176.42 1,351.81 $296,707.86 $ 3,665.40 $ 3,665.40 $302,015.04 COMMISSION FORMALLY APPROVED CLAIMS SUBMITTED FEBRUARY 21 AND FEBRUARY 28, 1992 FOR PAYMENT THERE WERE NO COMMUNICATIONS South Bend Regular Mee 5. OLD BUS There w 6. NEW BUS a. Com I* elopment Commission - February 28, 1992 no old business. Pal W. & Mary Jo Quinn Paul Quinn 820 E. Miner * includes $1,041.00 contingency & fees Mrs Kolata noted that the property at 829 E. Miner is a single family, three-bedroom home. Upon a motion by Mr. Faccenda, seconded by Ms. Huddleston and unanimously car ied, the Commission approved the Ren al Rehab Loan in the amount of $4,)45.00 for property located at 829 E. Min Br in accordance with the rec mmendation from the Bureau of THERE WAS NO OLD BUSINESS $ 9,890.00* $ 4,945.00 (Public) $ 4,945.00 (Private) Upon a motion by Mr. Faccenda, seconded by Ms. Huddleston and unanimously carried, the Commission awarded the con ract in connection with the Rental Reh6b Loan for property located at 829 E. Min r to Paul Quinn in the amount of $9, 90.00. COMMISSION APPROVED THE RENTAL REHAB LOAN IN THE AMOUNT OF $4,945.00 FOR PROPERTY LOCATED AT 829 E. MINER IN ACCORDANCE WITH THE RECOMMENDATION FROM THE BUREAU OF HOUSING COMMISSION AWARDED THE CONTRACT IN CONNECTION WITH THE RENTAL REHAB LOAN FOR PROPERTY LOCATED AT 829 E. MINER TO PAUL QUINN IN THE AMOUNT OF $9,890.00 Barry D. Adams Greater South Bend $27,460.00* 1139 N. Huey Development * 'ncludes $1,460.00 contingency and fees MIC $ 8,500.00 (Public) $18,960.00 (Private) South Bend edevelopment Commission Regular Mee ing - February 28, 1992 6. NEW BUSINESS (Cont.) b. continued... C. Mrs Kolata noted that the house at 1139 N. lluey is a three - bedroom, single family house. It is badly fire damaged, but the owner has leftover materials on hand to keel) the cost of repair down. Upon a motion by Ms. Huddleston, seconded by Mr. Donoho and unanimously carried, the Commission approved the Rental Rehab Loan in the amount of $8,500.00 for pro erty located at 1139 N. Huey in acc rdance with the recommendation from the Bureau of Housing. Upon a motion by Mr. Piasecki, seconded by Mr. Donoho and unanimously carried, the Commission awarded the contract in connection with the Rental Rehab Loan for pro erty located at 1139 N. Huey to Gre ter South Bend Development for $27 460. Mrs Kolata noted that we have three Tax Increment Financing Bonds, issued in 198 , 1986, and 1988. Evensen Dodge proposes to look at the cost savings of refinancing any or all of these bonds. They have estimated conservatively and dona some preliminary calculations to det rmine that there would be significant enough savings to warrant refunding at least some of the bonds. We would like to aire them to make the necessary cal ulations and analyses for determining the amount of bonds to be refinanced. The fee is based on the size of the bond iss e. -4- COMMISSION APPROVED THE RENTAL REHAB LOAN IN THE AMOUNT OF $8,500.00 FOR PROPERTY LOCATED AT 1139 N. HUEY IN ACCORDANCE WITH THE RECOMMENDATION FROM THE BUREAU OF HOUSING COMMISSION AWARDED THE CONTRACT IN CONNECTION WITH THE RENTAL REHAB LOAN FOR PROPERTY LOCATED AT 1139 N. HUEY TO GREATER SOUTH BEND DEVELOPMENT FOR $27,460.00 South Bend edevelopment Commission Regular Mee ing - February 28, 1992 6. NEW BUSINESS (Cont.) 7. C. continued... Mrs Kolata noted that Dick Treptow, who has worked with the Commission before through Springsted, Inc., is now working for Evensen Dodge, Inc. and has traxisferred our TIF database to Evensen Upon a motion by Ms. Huddleston, seconded by 11r. Donoho and unanimously carried, the Commission accepted the proposal from Evensen Dodge related to refinancing of TIF Revenue Bonds in the South Bend Cen ral Development Area. Mr. Faccenda dec ared a conflict of interest and did not vote. Mrs. Kolata noted that George Podell, owner of Parcel 13 -14 in the Studebaker Corridor has agreed to our offer for the property on the condition that he be allowed to keep his machinery and vehicles there until we sell the property. We will then give him a 30 -day Notice to Vacate and he will vacate the pro erty before closing. He intends to purchase property in the cleared Stu ebaker Corridor, but that is not available to him yet. The staff rec mmends accepting the counter offer. Upoa a motion by Mr. Piasecki, seconded by Ar. Donoho and unanimously carried, the Commission accepted the counter offer fron George Podell for $17,000 for Parcel 13-14 in the Studebaker Corridor De lopment Area and agreed to allow him to continue to use the property rent free wit a 30 -day Notice to Vacate provision. No repdrt was given. -5- COMMISSION ACCEPTED THE PROPOSAL FROM EVENSEN DODGE RELATED TO REFINANCING OF TIF REVENUE BONDS IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA COMMISSION ACCEPTED THE COUNTER OFFER FROM GEORGE PODELL FOR $17,000 FOR PARCEL 13 -14 IN THE STUDEBAKER CORRIDOR DEVELOPMENT AREA AND AGREED TO ALLOW HIM TO CONTINUE TO USE THE PROPERTY RENT FREE WITH A 30 -DAY NOTICE TO VACATE PROVISION NO REPORT WAS GIVEN South Bend Regular Mee 8. 9. elopment Commission - February 28, 1992 The nex Regular Meeting of the Redevelopment Commiss on is scheduled for March 13, 1992 at 10:00 atm. There being no further business to come before the Commission, Mr. Piasecki made a motion that the meeting be adjourned. Ms. Huddles on seconded the motion and the meeting was adjourned at 10:21 a.m. ROMAN �T. P , VICE PRESIDENT In NEXT COMMISSION MEETING ADJOURNMENT Ann E. Kolata, Director