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Home My WebLink AboutRM 03-13-92SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING March 13, 992 10:00 A_ M.1 Presiding fficer: Mr. Roman Piasecki Vice President 1 OA 3. Members Present: Members Absent: Legal C unsel: Redevel pment Staff: News Me ia: Others: 1200 County -City Building 227 W. Jefferson Boulevard South Bend, Indiana 46601 Mr. Roman J. Piasecki, Vice President Mr. Michael Donoho, Secretary Ms. Charlotte Huddleston Ms. Paula N. Auburn, President Mr. Philip Faccenda Ms. Jenny Pitts Manier Mr. Jon Hunt, Executive Director Mrs. Cheryl Phipps, Office Manager Mr. Don Porter, South Bend Tribune Mr. Thom Howell, U -93 FM Mr. Carter Wolf, Center City Associates Upon a otion made by Mr. Donoho, seconded by Ms. Hud leston and unanimously carried, the minutes of the Regular Meeting of Friday, Februa 28, 1992, were approved. General Fund United Parcel Service YWCA Equipment Services Day-Timers, Inc. Nationa Consulting System St. Jos ph Title Corp. TOTAL NorwestlBank Carl & argaret Bilinski -1- COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF FRIDAY, FEBRUARY 28, 1992 $ 342.05 9.00 840.00 39.23 58.93 25.00 150.00 $ 1,464.21 $ 27,159.88 19,073.07 South Bend Regular Mee 3. APPROVA 4. 5. 6. elopment Commission - March 13, 1992 CLAIMS (Cont.) CRRIDOR continued... Ben Ara on Agnes E odus & Pat Myers Carl & Margaret Bilinski St. Jos ph County Recorder St. Jos ph County Auditor Northera Indiana Public Service Co. St. Jos ph County Auditor St. Jos ph County Recorder St. Jos ph Title Corp. St. Jos ph County Treasurer St. Jos ph County Treasurer St. Jos ph County Treasurer Ifi b.JS.l- LJ.t,. 1. L.r. l7alvr+ Walker Parking Consultants TOTAL GRAND T TAL Upon a otion made by Mr. Doncho, seconded by Ms. Hud leston and unanimously carried, the Commission formally approved the claims submitt d March 13, 1992 for payment. There wore no communications. There w4s no old business. Mr. Hunt asked permission to add Resolution No. 1043 to the agenda. There was no objection and the item was added. a. Commission approval requested for Res lution No. 1038 authorizing -2- 3,070.00 22,500.00 4,680.48 16.00 2.00 100.09 3.00 28.00 450.00 190.12 926.93 319.52 $ 78,519.09 $ 550.99 $ 550.99 $ 80,534.29 COMMISSION FORMALLY APPROVED CLAIMS SUBMITTED MARCH 13, 1992 FOR PAYMENT THERE WERE NO COMMUNICATIONS THERE WAS NO OLD BUSINESS South Bend edevelopment Commission Regular Meeting - March 13, 1992 6. NEW BUSINESS (Cont.) a. continued... 0 c. Mr. Hunt noted that one of the eligible uses of TIF funds is reimbursement to the Citv for costs associated with development in the TIF area. This reimbursement is for a $99,320.95 exp nditure Water Works made in February and I May 1983 installing water mains to the New Energy plant. Upon a motion by Mr. Donoho, seconded by Ms. Huddleston and unanimously carried, the Commission approved Resolution No. 1038 authorizing reimbursement to the City of South Bend for expenditures made wit in the Rum Village Industrial Park. 1 Mr. Hunt explained that Resolution No. 1039 authorizes the staff to send a purchase offer for Parcel 3 -15 for the Conunission approved price of $4,375. It also authorizes the use of Eminent Domain to cquire the property if this offer or a n gotiated settlement is not accepted wit in 30 days. COMMISSION APPROVED RESOLUTION NO. 1038 AUTHORIZING REIMBURSEMENT TO THE CITY OF SOUTH BEND FOR EXPENDITURES MADE WITHIN THE RUM VILLAGE INDUSTRIAL PARK Upon a motion by Ms. Huddleston, seconded COMMISSION APPROVED RESOLUTION Mr. Donoho and unanimously carried, the NO. 1039 RELATED TO ACQUISITION Corrunission approved Resolution No. 1039 OF PROPERTY IN THE STUDEBAKER related to acquisition of property in the CORRIDOR DEVELOPMENT AREA BY Studebaker Corridor Development Area by EMINENT DOMAIN Emi34ent Domain. 1 WIN South Bend edevelopment Commission Regular Mee ing - March 13, 1992 6. NEW_BUS�LNESS (Cont.) C. conkinued... Cm Mr. Hunt explained that Resolution No. 1040 sets a public hearing for the use of approximately $240,000 to carry out the South Bend Central Development Area Development Plan. Although the mon y is in the TIF fund, most of the mon y is the purchase price from the Col ax Theater. The two major expenses wou d be the acquisition of the Senor Kel y lot and the extension of the River Wal at Madison Center. Mr. Hunt noted that the Public Hearing on thi expenditure will be March 27, 1992 at i0:00 a.m. Upoi a motion by Mr. Donoho; seconded by Ms. Huddleston and unanimously carried, the Commission approved Resolution No. 1040 determining to pay certain exp nses incurred for local public improvements in or serving the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) from the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) Special Fund and set the public hearing on Resolution No. 1040 for March 27, 1992 at 10:00 a.m. Mr. Hunt explained that Resolution No. 1041 authorizes the staff to send a purchase offer for Parcel E3 -1 in the East Bank. The property is commonly knoim as the Opelika Building. The Co ission approved market price is -4- COMMISSION APPROVED RESOLUTION NO. 1040 DETERMINING TO PAY CERTAIN EXPENSES INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR SERVING THE SOUTH BEND CENTRAL ALLOCATION AREA (SOUTH BEND ALLOCATION AREA NO. 1A) FROM THE SOUTH BEND CENTRAL ALLOCATION AREA (SOUTH BEND ALLOCATION AREA NO. 1A) SPECIAL FUND AND SET THE PUBLIC HEARING ON RESOLUTION NO. 1040 FOR MARCH 27, 1992 AT 10:00 A.M. South Bend edevelopment Commission Regular Meeting - March 13, 1992 6. NEW BUSINESS (Cont.) d. continued... e. $34 ,000. The resolution authorizes the sta f to use Eminent Domain to acquire the property if an agreement is not rea hed within 30 days. The Opelika Building, a 54,000 sq. ft. building, has been vacant for some time. After acquisition, we expect to put the building up for public bid for adaptive reuse. If there is no interest in reuse of he building, we will consider dem lition. Ms. Huddleston asked how long we would look for reuse of the building before ordering demolition. Mr. Hunt responded that he thought six to eight months from the time of acquisition would be rea onable. Upon a motion by Ms. Huddleston, seconded by Mr. Donoho and unanimously carried, the Commission approved Resolution No. 1041 related to acquisition of property in the South Bend Central Development Are by Eminent Domain. Mr. Hunt noted that we have been looking at opportunities to refinance our bonds at a savings due to lower interest rates. This refunding would involve the 1985 and 1986 Tax Increment Financing Bonds and possibly the 1988 Tax Increment Financing Bond. Preliminary estimates show a possible savings of $150,000. Although we haven't decided just which bonds will be refunded, this resolution all ws the process to move forward with the publication of Notice of Det Irmination to Issue Bonds. -5- COMMISSION APPROVED RESOLUTION NO. 1041 RELATED TO ACQUISITION OF PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA BY EMINENT DOMAIN South Bend Redevelopment Commission Regular Meeting - March 13, 1992 6. NEW BUSINESS (Cont.) e. continued... Upoa a motion by Mr. Donoho, seconded by Ms. Huddleston and unanimously carried, the Commission approved Resolution No. 1043 preliminarily determining to iss a bonds for the purpose of refunding out tanding bonds. 7 8. 9. There w4s no report. The nex Regular Meeting of the Redevelopment Commission is scheduled for March 27, 1992 at 10:00 a.m. There b ing no further business to come before he Commission, Mr. Donoho made a motion hat the meeting be adjourned. Ms. Huddles on seconded the motion and the meeting was adjourned at 10:20 a.m. Paula Auburn, President COMMISSION APPROVED RESOLUTION NO. 1043 PRELIMINARILY DETERMINING TO ISSUE BONDS FOR THE PURPOSE OF REFUNDING OUTSTANDING BONDS THERE WAS NO REPORT NEXT COMMISSION MEETING ADJOURNMENT I Ann-'9' nn Kolata, Director