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Home My WebLink AboutSM 10-26-92SOUTH BEND REDEVELOPMENT COMMISSION SPECIAL MEETING October 26, 1992 1200 County -City Building 9:30 A.M. 227 W. Jefferson Boulevard Presiding Officer: Ms. Paula N. Auburn South Bend, Indiana 46601 President 1. ROLL CALL Members Present: Ms. Paula N. Auburn, President Mr. Roman J. Piasecki, Vice President Mr. Michael Doncho, Secretary Mr. Philip J. Faccenda, Assistant Secretary Members Absent: Ms. Charlotte Huddleston Legal Counsel: Ms. Jenny Pitts Manier Redevelopment Staff: Mrs. Ann Kolata, Director Mrs. Cheryl Phipps, Office Manager Ms. Hedy Robinson, Economic Dev. Specialist Mr. K. C. Pocius, Economic Dev. Specialist Mr. Michael Beitzinger, Economic Dev. Specialist c1t; Mr. James Riggs, Economic Dev. Specialist News Media: Mr. Thom Howell, U -93 Others: Mr. George Hertz, Policemen's Fed. Credit Union Mr. Ernest Szarwark, Barnes & Thornburg 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, October 16, 1992, were approved. 3. APPROVAL OF CLAIMS There were no Claims. 4. COMMUNICATIONS There were no Communications. 5. OLD BUSINESS There was no Old Business. -1- COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF FRIDAY, OCTOBER 16, 1992 THERE WERE NO CLAIMS THERE WERE NO COMMUNICATIONS THERE WAS NO OLD BUSINESS South Bend Redevelopment Commission pecial Meeting - October 26, 1992 6. NEW BUSINESS Mrs. Kolata asked to consider item 6.b. before item 6.a. There was no objection and the agenda was so changed. b. Commission approval requested for Resolution No. 1110 approving an application for real property tax deduction for property located at 3601 Lathrop Street in the Airport Economic Development Area (P.A.I. Properties). Mr. Beitzinger read the staff report on the project. P.A.I. Properties is the owner of property leased to North American Signs, Inc. North American Signs is a manufacturer of electric signs for local, regional and national customers. They also offer installation, maintenance and sign repair. The project calls for a 20,000 square foot expansion of the present facility. The addition will be primarily used for new production space and approximately one third will be used for expanded office space. The total cost of new construction is estimated at $550,000. The project will create ten new permanent, full -time jobs in the first year, representing an annual payroll of $187,000. The project will also maintain sixty existing, permanent, full -time jobs with an annual payroll of $1,900,000. The property is properly zoned for the proposed use. The property is not located in an area presently designated as a Tax Abatement Impact Area. It is, however, located in the Airport Economic Development Area and in a Tax Incremental Financing Allocation Area. The project qualifies for six years of real property tax abatement under the Tax Abatement Ordinance. P.A.I. Properties has not applied for any previous tax abatement. Without abatement, the taxes on this project are estimated to be approximately $155,183. With abatement, the taxes are estimated to be approximately $64,142. -2- South Bend Redevelopment Commission pecial Meeting - October 26, 1992 6. NEW BUSINESS (Cont.) b. continued... Therefore, the cost of the abatement will be approximately $91,040 over the six year period. Mr. Szarwark noted that North American Signs does work nationwide. It is a good member of the community, bringing money into the area and providing good jobs. Ms. Auburn declared a conflict of interest on this item. Mr. Faccenda noted that he no longer has a business connection to Barnes & Thornburg and did not have a conflict of interest. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission approved Resolution No. 1110 approving an application for real property tax deduction for property located at 3601 Lathrop Street in the Airport Economic Development Area. (P.A.I. Properties) Ms. Auburn did not vote. a. Staff report on bid submitted for Parcel 20 in the Studebaker Corridor Development Area. Mr. Pocius noted that the Policemen's Federal Credit Union was the only bidder on Parcel 20. They currently operate a 2,000 square foot facility at 815 S. Lafayette Boulevard. The City has recently purchased their property as part of the Studebaker Corridor revitalization. Although the credit union is an appropriate use of land in the Studebaker Corridor and the present building itself is a nice building, it is located within a seven acre parcel of cleared land. Its location would -_ interfere with the disposition of the large parcels surrounding it. -3- COMMISSION APPROVED RESOLUTION NO. 1110 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 3601 LATHROP STREET IN THE AIRPORT ECONOMIC DEVELOPMENT AREA (P.A.I. PROPERTIES) sSouth Bend Redevelopment Commission pecial Meeting - October 26, 1992 6. NEW BUSINESS (Cont.) a. continued... The credit union has selected Parcel 20 as their new site and proposes to build a new 4,500 square foot, one -story facility there. The facility will include a 3,800 square foot building, a 700 square foot canopy, and a 1,500 square foot basement. In addition, there will be 7,880 square feet used for the drive -thru lanes, bringing the total use of the site to 12,380 square feet. The exterior will be all masonry. The main entrance will face Main Street, with an additional entry to the site from Stull Street. There will be 28 parking spaces on the site. The credit union will install new sidewalks. Mr. Pocius noted that the proposal meets all of the requirements set forth in the bid specifications and design guidelines for the parcel. However, the site plan calls for parking in front of the building, which is discouraged unless there is special landscaping treatment. The design was prepared by The Troyer Group and calls for a site that will be "clean and heavily landscaped." With this landscaping contingency, the staff recommended accepting the proposal from the Policemen's Federal Credit Union. Mrs. Kolata noted that the staff has been working with the credit union for some time to try to meet their relocation needs. We are pleased with the project they have proposed. Ms. Manier noted for the record that our offering of this parcel is subject to condemnation action concerning this parcel, which is ongoing. We have full possession of the property and can put it to this use, but will not have legal title until the condemnation is complete. We have conveyed property in this state before. -4- 1 ,South Bend Redevelopment Commission pecial Meeting - October 26, 1992 6. NEW BUSINESS (Cont.) a. continued... Upon a motion by Mr. Donoho, seconded by Mr. Faccenda and unanimously carried, the Commission accepted the proposal in the amount of $23,100 from Policemen's Federal Credit Union for Disposition Parcel 20 in the Studebaker Corridor Development Area and authorized execution of documents. 7. PROGRESS REPORTS COMMISSION ACCEPTED THE PROPOSAL FROM POLICEMEN'S FEDERAL CREDIT UNION FOR DISPOSITION PARCEL 20 IN THE STUDEBAKER CORRIDOR DEVELOPMENT AREA AND AUTHORIZED EXECUTION OF DOCUMENTS Mrs. Kolata introduced James Riggs who joined PROGRESS REPORTS the Redevelopment staff on October 26. He will work on the Airport 2010 project and Tax Increment Financing. He is a recent graduate of the Planning Program at Ball State University. Ms. Auburn noted that F. Jay Nimtz Day is cirt; being planned for Tuesday, December 1, at 4:00 p.m. 8. NEXT COMMISSION MEETING The Next Commission Meeting is scheduled for November 6, 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 9:50 a.m. G�; Paula N. Auburn, President -5- NEXT COMMISSION MEETING �014) 7 II 1:4 Z ki l E. Kolata, Director