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Home My WebLink AboutRM 05-22-92crlo� Aov�'_� �J SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING May 22, 1992 10:00 A.M. Presiding Officer: Ms. Paula N. Auburn President 1. ROLL CALL Members Present: Members Absent: Legal Counsel: Redevelopment Staff: Bureau of Housing Staff: News Media: Others: 1200 County -City Building 227 W. Jefferson Boulevard South Bend, Indiana 46601 Ms. Paula N. Auburn, President Mr. Roman J. Piasecki, Vice President Mr. Philip J. Faccenda, Assistant Secretary Ms. Charlotte Huddleston Mr. Michael Donoho, Secretary Ms. Mary Mueller Mrs. Ann Kolata, Director Mrs. Cheryl Phipps, Office Manager Mr. K. C. Pocius, Economic Dev. Specialist Ms. Cleone Hickey, Economic Dev. Specialist Mr. Thomas Eddington, Economic Dev. Specialist Mr. John Fonash, Economic Dev. Specialist Ms. Jane McGinnity, Intern Mr. Ted Leverman, Assistant Director Mr. Thom Howell, U -93 Mr. Don Porter, South Bend Tribune Mr. Carter Wolf, Center City Associates Mr. Mark Krcmaric, Barnes & Thornburg Mr. Earl Fielding Mr. Jim Conboy 2. APPROVAL OF MINUTES Upon a motion made by Mr. Faccenda, seconded by Mr. Piasecki and unanimously carried, the minutes of the Regular Meeting of Friday, May 8, 1992, were approved. 3. APPROVAL OF CLAIMS ADMIN 1992 Abstract & Title Corporation South Bend Tribune Tri- County News Equipment Services -1- COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF FRIDAY, MAY 8, 1992 150.00 28.47 35.26 119.45 South Bend Redevelopment Commission Regular Meeting - May 22, 1992 3. APPROVAL OF CLAIMS (Cont.) ADMIN 1992 continued... Federal Express 15.50 VISA 52.59 Ann Kolata 4.50 TOTAL $ 405.77 STUDEBAKER CORRIDOR BOND St. Joseph Circuit Court $ 41,100.00 Indiana Michigan Power Company 36.14 Northern Indiana Public Service Co. 66.08 St. Joseph Circuit Court 87,600.00 Cole Associates, Inc. 2,477.67 St. Joseph Title Corporation 525.00 Cole Associates, Inc. 2,472.71 Thomas General Construction 225.00 G.B.R. Inc. 80.00 w Peirce & Associates 160.00 TOTAL $ 134,742.60 GRAND TOTAL $ 135,148.37 Upon a motion made by Ms. Huddleston, COMMISSION APPROVED CLAIMS seconded by Mr. Faccenda and unanimously SUBMITTED MAY 22, 1992 FOR carried, the Commission formally approved the PAYMENT claims submitted May 22, 1992 for payment. 4. COMMUNICATIONS There were no communications. THERE WERE NO COMMUNICATIONS 5. OLD BUSINESS There was no old business. THERE WAS NO OLD BUSINESS 6. NEW BUSINESS a. Public Hearing on Resolution No. 1058 expanding the boundaries of the Airport Economic Development Area, expanding the allocation area for purposes of tax increment financing and amending the -2- South Bend Redevelopment Commission Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) a. continued... Airport Economic Development Area Development Plan. Mrs. Kolata asked that the following documents be entered into the public record: 1) copies of the legal notices which were published in the Tri- County News and the South Bend Tribune on May 8, 1992, setting this date and time as the time of public hearing; 2) an Affidavit from Jane McGinnity stating that she delivered the notice of hearing to the Area Plan Commission, the Board of Public Works, the Board of Zoning Appeals, the Building Department, and the Park Department on May 8, 1992 and also stating that she posted a notice of the hearing on the bulletin board outside this office on May 8, 1992; and 3) as of 10:00 a.m. there were no written remonstrances received concerning this resolution. Ms. Auburn asked if there was any objection to these items being entered into the record. There was no objection and they were so entered. Mrs. Kolata explained that Resolution No. 1058 expands the boundaries of the Airport Economic Development Area and the Airport Economic Development Allocation Area for purposes of tax increment finance to include the newly annexed portions of the Toll Road Industrial Park. The resolution also amends the acquisition list of the development plan, adding eight parcels of land to the list. Six parcels are located within the Toll Road Industrial Park. The other two parcels are located west of the U.S. 31 by -pass. Six parcels are owned by the l._, Industrial Foundation, one is owned by to/ ff9z .., South Bend Redevelopment Commission Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) a. continued... Jim Conboy, and one by the State of Indiana. We intend to purchase the property owned by the Industrial Foundation and make it available for industrial development. We do not intend to acquire all of the property in the parcels west of the U.S. 31 by -pass. The Toll Road will be acquiring most of that property for their ramp. We intend to acquire the remainder from the Toll Road. Ms. Auburn opened the Public Hearing for anyone who wished to speak. Mr. Conboy stated that he would cooperate in any way he could with the project. He had no other comment. There being no one else who wished to speak, Ms. Auburn closed the public hearing. b. Commission approval requested for Resolution No. 1058. Upon a motion by Mr. Faccenda, seconded by Ms. Huddleston and unanimously carried, the Commission approved Resolution No. 1058 expanding the boundaries of the Airport Economic Development Area, expanding the allocation area for purposes of tax increment financing and amending the Airport Economic Development Area Development Plan. C. Commission approval requested for Resolution No. 1059 relating to acquisition of property within the West Washington - Chapin Development Area by Eminent Domain. Mrs. Kolata noted that the Commission had previously acquired this property from the County. However, the previous owner has a tax redemption lawsuit against the County, claiming that he was under a mental disability at the time he was -4- PUBLIC HEARING ON RESOLUTION NO. 1058 COMMISSION APPROVED RESOLUTION NO. 1058 EXPANDING THE BOUNDARIES OF THE AIRPORT ECONOMIC DEVELOPMENT AREA, EXPANDING THE ALLOCATION AREA FOR PURPOSES OF TAX INCREMENT FINANCING AND AMENDING THE AIRPORT ECONOMIC DEVELOPMENT AREA DEVELOPMENT PLAN South Bend Redevelopment Commission Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) c. continued... notified of his tax default and is seeking a reversal of the County's action. We are proposing to send a purchase offer to the previous owner and proceed with condemnation if we cannot get a timely settlement of that lawsuit. Upon a motion by Mr. Piasecki, seconded by Ms. Huddleston and unanimously carried, the Commission approved Resolution No. 1059 relating to acquisition of property within the West Washington- Chapin Development Area by Eminent Domain. d. Commission approval requested for proposal from Peirce & Associates to prepare survey for minor subdivision (replat) in the Studebaker Corridor Development Area. Mrs. o ata explained K 1 1 ined that Peirce & Associates has done all of the surveys of the individual lots in Studebaker Corridor for our acquisition. They have proposed to prepare the documentation required for the replat of all of our acquired property except Block 4 for a cost of $6,500. The staff recommends accepting the proposal. Upon a motion by Ms. Huddleston, seconded by Mr. Piasecki and unanimously carried, the Commission accepted the proposal from Peirce & Associates to prepare a survey for minor subdivision (replat) in the Studebaker Corridor Development Area. e. Commission approval requested for proposal from EIS Environmental Engineers, Inc., to perform environmental testing in the Studebaker Corridor Development Area (Transwestern Building). Mrs. Kolata noted that we had environmental testing performed on the property of the Transwestern Building before we demolished it. The results -5- COMMISSION ACCEPTED THE PROPOSAL FROM PEIRCE & ASSOCIATES FOR $6,500 TO PREPARE A SURVEY FOR MINOR SUBDIVISION (REPLAT) IN THE STUDEBAKER CORRIDOR DEVELOPMENT AREA LM [+J South Bend Redevelopment Commission Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) e. continued... showed low levels of petroleum by- products in the soil. Therefore, they recommended that the ground beneath the building be tested after demolition to be sure there were not higher concentrations of petroleum by- products. We feel we will need this information prior to disposing of the land. EIS has proposed a "time and materials" proposal, estimating the cost as high as $19,000. We would only conduct as many tests as are necessary. Upon a motion by Mr. Faccenda, seconded by Mr. Piasecki and unanimously carried, the Commission accepted the proposal from EIS Environmental Engineers to perform environmental testing in the Studebaker Corridor Development Area (Transwestern Building) . Mrs. Kolata asked permission to add two items to the agenda. There was no objection and items 6.n. and 6.o were added to the agenda. f. Commission approval reauested for proposal and loan in connection with the Rental Rehab Program in accordance with the recommendation from the Bureau of Housing. COMMISSION ACCEPTED THE PROPOSAL FROM EIS ENVIRONMENTAL ENGINEERS TO PERFORM ENVIRONMENTAL TESTING IN THE STUDEBAKER CORRIDOR DEVELOPMENT AREA (TRANSWESTERN BUILDING) Name Contractor Proposal Loan Daniel J. Kois Daniel J. Kois $34,467.00 $ 6,063.00 (Public) 1349 E. Dubail $28,404.00 (Private) includes $1,182 contingency and fees Mrs. Kolata noted that the property is a one -unit, three - bedroom home. Mr. Kois, as contractor, has proposed doing the rehab for a cost of $34,467 which is approximately $10,000 less than the Bureau of Housing estimate. In .e: South Bend Redevelopment Commission Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) f. continued... Upon a motion by Mr. Piasecki, seconded by Mr. Faccenda and unanimously carried, the Commission approved the Rental Rehab Loan in the amount of $6,063 for property located at 1349 E. Dubail. Upon a motion by Mr. Piasecki, seconded by Mr. Faccenda and unanimously carried, the Commission accepted the proposal from Daniel J. Kois in the amount of $34,467.00 in connection with the Rental Rehab Program for property located at 1349 E. Dubail. g. Commission approval requested for Certificate of Waiver for South Bend Heritage Foundation for property located at 416 E. South Street. Mrs. Kolata noted that based on the ' program guidelines of the Rental Rehab Program, South Bend Heritage Foundation is entitled to forgiveness of 10%- of their loan, $1400, as of March 17, 1992. Upon a motion by Ms. Huddleston, seconded by Mr. Faccenda and unanimously carried, the Commission approved the Certificate of Waiver in the amount of $1400 as of March 17, 1992 for South Bend Heritage Foundation for property located at 416 E. South Street. h. Commission approval requested for Resolution No. 1060 approving an application for real property tax deduction for property located at 322 E. Colfax Avenue in the South Bend Central Development Area. (Brett Plaza One, Inc.) Mr. Fonash read the staff report on this project. The petitioner proposes to totally renovate the interior and exterior of the existing vacant structure at 322 East Colfax Avenue, by the East Race, for 100* office use. The building is 55,000 square feet in size. The total -7- COMMISSION APPROVED THE RENTAL REHAB LOAN IN THE AMOUNT OF $6,063 FOR PROPERTY LOCATED AT 1349 E. DUBAIL COMMISSION ACCEPTED THE PROPOSAL FROM DANIEL J. KOIS IN THE AMOUNT OF $34,467.00 IN CONNECTION WITH THE RENTAL REHAB PROGRAM FOR PROPERTY LOCATED AT 1349 E. DUBAIL COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN THE AMOUNT OF $1400 AS OF MARCH 17, 1992 FOR SOUTH BEND HERITAGE FOUNDATION FOR PROPERTY LOCATED AT 416 E. SOUTH STREET South Bend Redevelopment Commission Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) h. continued... estimated cost of the rehab project is $3,900,000. The project will create one hundred thirty -five (135) new permanent full -time jobs representing an annual payroll of $5,400,000 and will maintain zero (0) existing jobs. The property is properly zoned for the proposed use. The property is located in a Tax Abatement Impact Area, in a Redevelopment Blighted Area, and in a Tax Incremental Financing Allocation Area. The petitioner qualifies for 10 years of real property tax abatement under the Tax Abatement Ordinance. Without abatement the estimated taxes to be paid on the project are $1,838,733. With abatement, the estimated taxes to be paid on the project are $928,560. Therefore the cost of the abatement over the ten year period is approximately $910,173. Mrs. Kolata noted that the Design Review Committee approved the design of the project at its meeting May 21 with the following conditions: 1) that they try to do some landscaping; 2) that they bring a more detailed drawing of the canopy entrance before Design Review; and 3) that signage come before design review. Mr. Fielding, owner of what is commonly called the Opelika Building, indicated that he is ready to begin, pending negotiation of parking issues. Three tenants have committed to leasing the building when the rehab is complete. Ms. Auburn asked if Mr. Fielding had costed out the possibility of retaining the original brick as the exterior. Mr. Fielding responded that the original brick is in such poor condition that the ME G South Bend Redevelopment Commission Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) h. continued... repair to it would make it look like a patchwork quilt. Upon a motion by Mr. Faccenda, seconded by Mr. Piasecki and unanimously carried, the Commission approved Resolution No. 1060 approving an application for real property tax deduction for property located at 322 E. Colfax Avenue (Brett Plaza One, Inc.), subject to the receipt of documents establishing that financing is in place, the building is fully leased, and that the parking arrangements have been secured. i. Commission approval requested for Resolution No. 1061 approving an application for real property tax deduction for property located at 3300 N. Kenmore Street in the Airport Economic Development Area. (Spin -Cast Plastics) Mr. Fonash read the staff report on this project. The petitioner is involved in the manufacturing, sales, and shipping of rotationally molded plastic products. They propose to build a 37,290 square foot addition on the east end of their existing building to provide room for the future growth of the business. The space will be used as additional storage space for raw materials and inventory and will contain equipment for the manufacture of parts currently being designed. The total estimated cost of the expansion project is $700,000. The project will create five (5) new permanent full -time jobs in the first year, representing an annual payroll of $80,000 and will maintain sixty -five (65) existing permanent full -time jobs and one (1) existing permanent part -time job with an annual payroll of $1,169,000. COMMISSION APPROVED RESOLUTION NO. 1060 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 322 E. COLFAX AVENUE (BRETT PLAZA ONE, INC.) D South Bend Redevelopment Commission Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) i. continued... The property is properly zoned for the proposed use. The property is not located in a Tax Abatement Impact Area; it is located in a Tax Incremental Financing Allocation Area. The petitioner qualifies for 10 years of real property tax abatement under the Tax Abatement Ordinance. Without abatement the estimated taxes to be paid on the project are $329,175. With abatement, the estimated taxes to be paid on the project are $166,233. Therefore the cost of the abatement over the ten year period is approximately $162,942. Mrs. Kolata noted that Spin -Cast has an attractive building in the Airport Economic Development Area that is only a few years. It is a good sign that they are ready to expand. Upon a motion by Mr. Piasecki, seconded by Mr. Faccenda and unanimously carried, the Commission approved Resolution No. 1061 approving an application for real property tax deduction for property located at 3300 N. Kenmore Street in the Airport Economic Development Area. (Spin -Cast Plastics) j. Commission approval requested for Resolution No. 1062 approving an application for real property tax deduction for property located at 3333 N. Kenmore Street in the Airport Economic Development Area. (Dafir Realty) Mrs. Kolata noted that items 6.j. and 6.k. are related as they are for real and personal property tax abatement at the same location. Inez COMMISSION APPROVED RESOLUTION NO. 1061 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 3300 N. KENMORE STREET IN THE AIRPORT ECONOMIC DEVELOPMENT AREA (SPIN -CAST PLASTICS) South Bend Redevelopment Commission AV Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) j. continued... Mr. Fonash read the staff report on the project. Aucilla, Incorporated is in the business of custom injection molding of plastic polymers used to intricate components for a variety of industries, including electronics, health care, automotive, hardware, electrical and appliance industries. The project includes building an expansion of 15,000 square feet for production and warehouse and 5,000 square feet for a toolroom. Equipment purchases will include injection molding machines and support equipment with technologically advanced controls capable of producing the close tolerance dimensions required by electronic and health care industries. The total estimated cost of the new construction is $400,000. The total estimated cost of the new manufacturing equipment is $800,000. The project will create five (5) new permanent full -time jobs in the first year representing an annual payroll of $110,000 and will maintain sixty -five (65) existing permanent full -time jobs and zero (0) existing part -time jobs with an annual payroll of $1,600,000. The property is properly zoned for the proposed use. The property is not located in a Tax Abatement Impact Area, but is located in a Tax Incremental Financing Allocation Area. The project qualifies for six years of real property tax abatement and five years of personal property tax abatement under the Tax Abatement Ordinance. Without abatement the real property taxes to be paid are estimated to be $112,860. With abatement, the real property taxes are estimated to be $46,649. Therefore, the cost of the real property abatement over the six year period is estimated to be $66,211. -11- South Bend Redevelopment Commission Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) j. continued... Without abatement the personal property taxes to be paid are $72,982. With abatement, the personal property taxes to be paid are estimated to be $12,941. Therefore, the cost of the personal property tax abatement over the five year period is estimated to be $60,041. Upon a motion by Mr. Piasecki, seconded by Ms. Huddleston and unanimously carried, the Commission approved Resolution No. 1062 approving an application for real property tax deduction for property located at 3333 N Kenmore Street in the Airport Economic Development Area. (Dafir Realty) Mr. Faccenda abstained. k. Commission approval requested for Resolution No. 1063 approving an application for personal property tax deduction for property located at 3333 N. Kenmore Street in the Airport Economic Development Area. (Aucilla, Inc.) Upon a motion by Ms. Huddleston, seconded by Mr. Piasecki and unanimously carried, the Commission approved Resolution No. 1063 approving an application for personal property tax deduction for property located at 3333 N. Kenmore Street in the Airport Economic Development Area. (Aucilla, Inc.) Mr. Faccenda abstained. 1. Commission approval requested for Resolution No. 1064 approving an application for personal property tax deduction for property located at 2603 Foundation Drive in the Airport Economic Development Area. (Ricasso, Inc.) Mr. Fonash read the staff report on the project. The petitioner is a new �, corporation. The project involves the purchase of new manufacturing equipment which will be used for blending up to -12- COMMISSION APPROVED RESOLUTION NO. 1062 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 3333 N. KENMORE STREET IN THE AIRPORT ECONOMIC DEVELOPMENT AREA (DAFIR REALTY) COMMISSION APPROVED RESOLUTION NO. 1063 APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 3333 N. KENMORE STREET IN THE AIRPORT ECONOMIC DEVELOPMENT AREA (AUCILLA, INC.) South Bend Redevelopment Commission .., Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) 1. continued... eight different varieties of grain, together with various flavorings, to produce a wide variety of grain -based food products. The machinery can be adjusted to produce a variety of products from low calorie food for the health conscious, to high protein foods, to snack food items, to products for teething infants. the total estimated cost of the new equipment is $1,500,000. The project will create forty (40) new permanent full -time jobs representing an annual payroll of $750,000 and will maintain zero (0) existing jobs. The property is properly zoned for the proposed use. The property is not located in a Tax Abatement Impact Area, but is located in a Tax Incremental Financing Allocation Area. The project qualifies for five years of personal property tax abatement under the Tax Abatement Ordinance. Without abatement the taxes on the project are estimated to be $136,843. With abatement, the taxes are estimated to be $24,265. Therefore, the cost of the abatement over the five year period is estimated to be $112,578. Upon a motion by Mr. Piasecki, seconded by Ms. Huddleston and unanimously carried, the Commission approved Resolution No. 1064 approving an application for personal property tax deduction for property located at 2603 Foundation Drive in the Airport Economic Development Area. (Ricasso, Inc.) Mr. Faccenda abstained. M. Commission approval requested for Resolution No. 1065 amending Resolution No. 1054 and amending the resolutions under which tax increment bonds are outstanding. -13- COMMISSION APPROVED RESOLUTION NO. 1064 APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 2603 FOUNDATION DRIVE IN THE AIRPORT ECONOMIC DEVELOPMENT AREA (RICASSO, INC.) South Bend Redevelopment Commission .., Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) M. continued... Mr. Krcmaric noted that the Commission passed Resolution No. 1054 on May 1, authorizing the issuance of up to $6,500,000 of bonds and, following a public hearing, appropriating the bond proceeds. We indicated at that time that we would come back later with an amendment indicating the amount of the bonds we would be refinancing. Resolution No. 1065 authorizes a maximum of $5,045,000 which is based on a partial refunding of the 1985 and 1986 TIF bonds. We will not be refinancign teh 1988 bonds. The latest estimate we have from our financial consultant, Evensen Dodge, indicate a gross savings of about $120,000 and a present value savings of about $75,000. We anticipate going to market within the next few weeks, based on interest rate conditions. We are anticipating obtaining a rating indicator from Moody's to help us get a better interest rate, and are also looking at the possibility of bond insurance. This resolution also approves the Official Statement for the bond. We also have received the parity bond certificate, prepared by Evensen Dodge as a requirement under the resolutions for the outstanding bonds, showing that the coverage test is satisfied. We have to show that, in each year in which bonds are outstanding, the TIF is expected to be at least 150 of the debt service requirement in that year. Mrs. Kolata noted that when we began looking at refunding, we were looking at the possibility of refunding the 1985, 1986 and 1988 bonds. We have decided to only refund portions of the 1985 and 1986 bonds at this time. -14- South Bend Redevelopment Commission Regular Meeting - May 22, 1992 6. NEW BUSINESS (Cont.) m. continued... We are anticipating a public sale and Resolution No. 1065 also authorizes publication of the Notice of Intent to Sell Bonds. Upon a motion by Ms. Huddleston, seconded by Mr. Piasecki and unanimously carried, the Commission approved Resolution No. 1065 amending Resolution No. 1054 and amending the resolutions under which tax increment bonds are outstanding. Mr. Faccenda abstained. n. Commission approval reauested for Sub -lease of Property in Monroe Park to the Housing Development Corporation. Mrs. Kolata explained that the Commission currently leases property from the 1;60� Redevelopment Authority at 611 E. South Street and 701 E. South Street. We originally intended to rehatilitate these properties ourselves. We have decided that we prefer to have the HDC do the rehab. They are willing to do the rehab if they receive money from the HOME funds for which they have applied. Upon a motion by Mr. Faccenda, seconded by Ms. Huddleston and unanimously carried, the Commission approved the Sub -lease of Property for 611 E. South and 701 E. South Street in Monroe Park to the Housing Development Corporation, contingent upon receipt of HOME funds by the HDS to rehab the properties. o. Staff report on acquisition of property in the South Bend Central Development Area. Mrs. Kolata noted that we had sent a purchase offer to the owners of Parcel C4 -39a and C4 -39b, the Senor Kelly's IL parking lot. Our offer was in the amount of $183,000. We have received a counter offer from Ed Davis, representing that he is speaking for all of the owners. The -15- COMMISSION APPROVED RESOLUTION NO. 1065 AMENDING RESOLUTION NO. 1054 AND AMENDING THE RESOLUTIONS UNDER WHICH TAX INCREMENT BONDS ARE OUTSTANDING COMMISSION APPROVED THE SUB -LEASE OF PROPERTY IN MONROE PARK TO THE HOUSING DEVELOPMENT CORPORATION, CONTINGENT UPON THE RECEIPT OF HOME FUNDS BY THE HDC (611 E. SOUTH AND 701 E. SOUTH) South Bend Redevelopment Commission cw�i Regular Meeting - May 22, 1992 A 6. NEW BUSINESS (Cont.) o. continued... counter offer is in the amount of $190,000 plus the Commission's assumption of 1992 payable 1993 taxes. Based on Mr. Davis' representation that he is speaking for all of the owners, the staff recommends accepting the counter offer. Upon a motion by Mr. Faccenda, seconded by Mr. Piasecki and unanimously carried, the Commission accepted the counter offer from Ed Davis on behalf of all owners in the amount of $190,000 for Parcels C4 -39a and C4 -39b in the South Bend Central Development Area. 7. PROGRESS REPORTS Mrs. Kolata noted that Ruth Tate, receptionist for the Department of Redevelopment and Economic Development since August 23, 1973 is retiring May 29. This is the last Commission meeting during which she will work. We wish her a long and happy retirement. 8. NEXT COMMISSION MEETING The next Regular Meeting of the Redevelopment Commission is scheduled for Friday, June 12, 1992 at 10:00 a.m. 9. ADJOURNMENT There being no further business to come before the Commission, Mr. Piasecki made a motion that the meeting be adjourned. Mr. Faccenda seconded the motion and the meeting was adjourned at 11:10 a.m. COMMISSION ACCEPTED THE COUNTER OFFER FROM ED DAVIS ON BEHALF OF ALL OWNERS IN THE AMOUNT OF $190,000 FOR PARCELS C4 -39A AND C4 -39B IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA PROGRESS REPORTS NEXT COMMISSION MEETING ADJOURNMENT -lam Paula N. Auburn, President Anrf E. Kolata, Director MU-19