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HomeMy WebLinkAboutRM 03-19-93SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING March 19, 1993 10:00 a.m. Presiding Officer: Ms. Paula N. Auburn President I. ROLL CALL Members Present: Members Absent: Legal Counsel: 1308 County -City Building 227 W. Jefferson Boulevard South Bend, Indiana 46601 Ms. Paula N. Auburn, President Mr. Theo F. Sharp, Secretary Mr. Michael Donoho Mr. Philip J. Faccenda Mr. Roman J. Piasecki, Vice President Ms. Jenny Pitts Manier Redevelopment Staff: Mrs. Ann E. Kolata, Director Mrs. Cheryl Phipps, Office Manager Mr. James Riggs, Economic Dev. Specialist Media: Mr. Thom Howell, U -93 Other: Mr. Carter Wolf, Center City Associates Mr. Rich Arneson, Alexander Company Mr. Charles Clark, Holladay Corporation Ms. Helen Bradberry, Alexander Company Ms. Cynthia Porubaker, Historic Landmarks Found. Ms. Auburn announced that the Executive Session held prior to the meeting would be continued immediately following adjournment of the Regular Meeting. 2. APPROVAL OF MINUTES a. Approval of Minutes of the Regular Meeting of Friday., March 5. 1993. Mr. Sharp noted that the minutes state that the next regular meeting is scheduled for April 2, 1993. They should state that the next regular meeting is scheduled for March 19, 1993. -1- South Bend Redevelopment Commission Regular Meeting - March 19, 1993 2. APPROVAL OF MINUTES (Cont.) a. continued... Upon a motion by Mr. Sharp, seconded by COMMISSION APPROVED THE MINUTES OF Mr. Faccenda and unanimously carried, the THE REGULAR MEETING OF FRIDAY, Commission approved the Minutes of the MARCH 5, 1993 Regular Meeting of Friday, March 5, 1993, as corrected. 3. APPROVAL OF CLAIMS Claims Submitted March 19, 1993 for approval: ADNE N 1993 Indiana Michigan Power Equipment Services ICMA Indiana Donors Alliance South Bend Tribune York Title & Escrow, Inc. Tri County News United Parcel Service Federal Express R.C. Blake & Associates St. Joseph County Auditor St. Joseph County Recorder South Bend Drafting Supply St. Joseph County Treasurer Margaret B. King TOTAL ADMIN 1993 -2- $ 6.00 96.00 24.95 20.00 64.52 1,050.00 61.33 14.75 26.00 200.00 56.00 196.00 22.00 28.00 51.43 $ 1,916.98 South Bend Redevelopment Commission Regular Meeting - March 19, 1993 3. APPROVAL OF CLAIMS (Cont.) S.B.C.D.A. TIF - GENERA ACCOUNT Evensen Dodge, Inc. $ 7,500.00 Indiana Bell 55.47 Indiana Michigan Power 190.69 TOTAL S.B.C.D.A. TIF - GENERAL ACCOUNT $ 79746.16 BOND ANTICIPATION NOTE Baker & Daniels $ 79.91 Economic Research 20.000.00 TOTAL BOND ANTICIPATION NOTE $ 20,079.91 CW GRAND TOTAL $ 29.743.05 Upon a motion by Mr. Donoho, seconded by Mr. COMMISSION APPROVED THE CLAIMS Sharp and unanimously carried, the Commission SUBMITTED MARCH 19, 1993 FOR approved the Claims submitted March 19, 1993 for APPROVAL approval. Ms. Auburn declared a conflict of interest and did not vote. 4. COMMUNICATIONS There were no Communications. 5. OLD BUSINESS There was no Old Business. -3- THERE WERE NO COMMUNICATIONS THERE WAS NO OLD BUSINESS South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS a. Receipt of bids for Parcel 3 -1 in the South Bend Central Development Area. (Opelika Building) Mrs. Kolata noted that two bids were received by the March 19, 1993, 10:00 a.m. deadline. The first bid was from East Bank Partners in the amount of $305,000, subject to the following clarifications: 1) demolition of the existing Opelika Building by the Department of Redevelopment, or deduct the cost of demolition from the bid price; 2) all environmental problems with the existing building or the site will be the responsibility of the City of South Bend; 3) developer retains the right to have a site inspection performed prior to closing to determine the conditions of the existing subgrade; 4) subject to developer obtaining financing for the project within a reasonable time frame; 5) the proposed construction schedule is: a) expect to have construction drawings and plans by 7/1/93, but would like to have outside date of 1/1/94; b) begin construction of proposed improvements within 30 days of Commission's approval of plans; c) completion of construction 10 months later; and, d) proposal is contingent upon receiving tax abatement for the project. A performance guarantee of $30,500 was included with the proposal. -4- South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) a. continued... East Bank Partnership proposes to construct a two -story, 33,060 square foot, Class A commercial office building. A 3,060 square foot lower level would house a fitness center. Mechanicals will be well hidden or in the lower level. The total project cost is approximately $3,367,000. Mr. Charles Clark, Holladay Corporation, made a presentation and showed a rendering and site plan of the proposed office building. The building would be located as far south on the lot as possible, giving it the best view of the raceway, leaving the north side of the lot for parking. They would include a lot of landscaping. They are working on getting the building pre- leased. The second proposal was from The Alexander Company in the amount of $1,000.00. A performance guarantee of $500.00 was included. They propose to restore the building into a residential development called Stevenson Mill. Stephenson Mill would contain 39 residential, one- and two- bedroom apartments. Renovation and restoration will be done in accordance with Historic Preservation standards. They will require the City of South Bend to participate through tax abatement, TIF improvements, and gap -5- South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) a. continued... financing, such as a 0% interest CDBG loan. The project is expected to receive low income tax credits, therefore a portion ( 40 % - 50%) of the apartments will be reserved for low to moderate income families. A typical unit will have a modern kitchen with appliances, central air conditioning, track and indirect lighting, mini- blinds, elevators, laundry facilities, and security locked entrances with intercom entry systems. The site will provide off - street parking for residents and will be extensively landscaped. The total project cost is estimated at $3,195,000. They expect approval of their low income housing tax credit application in March 1993. Contingent on that approval, they would close on the property in May, begin construction in June 1993, and complete construction in June 1994. Mr. Rich Arneson noted that The Alexander Company primarily does historic renovations, completing over $60,000,000 of historic renovations in the last five years. Ms. Auburn asked about the size of the units. Mr. Arneson responded that they range from 750 square feet, one - bedroom units to 1200 square feet, two- bedroom :C.0 South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) a. continued... units. Most of the units will be two - bedroom. Mrs. Kolata asked about the rent structure. Mr. Arneson responded that the low and moderate income units will rent for approximately $380/1 - bedroom and $450/2 - bedroom and the market rate apartments will rent for approximately $500/1- bedroom and $700/2 - bedroom. Mr. Sharp asked about parking on the site. Mrs. Kolata noted that when we bought the Opelika Building the site was smaller than what we offered for sale. In the offering we included another site we own which is presently used for parking. Mr. Arneson noted that they are fairly well along in their preliminary development work and have received commitments for equity and financing. Once they receive the low income tax credits, they are ready to begin. Mr. Arneson noted that The Alexander Company has its own construction company which will act as general contractor for this project, but they will bid out most of the work locally. -7- South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) a. continued... Ms. Auburn asked if they would do the project without low income housing tax credits. Mr. Arneson responded that it would be more difficult and they would have to restructure it and see how it looked. After renovation, the building will qualify as a certified historic structure and, thereby, qualify for historic tax credits, which are not as attractive, but might make it feasible. Mrs. Kolata asked Mr. Arneson to describe some of his other projects which used low income tax credits. Mr. Arneson responded that they have just completed about twelve projects and have had another five that have been operating for about three years. The largest one is in Appleton, Wisconsin. It is a series of paper mills on the Fox River,a total of approximately 300,000 square feet. That project was done with 30% - 45% affordable housing, mixed in with the market rate apartments. All amenities are the same as in the market rate apartments. They have had no problems with the project at all. Ms. Auburn asked if she was correct that The Alexander Company's bid price was $1,000. Mr. Arneson responded that it was. Typically, a historic renovation of this type is so expensive that the choice is for the city to demolish the building or subsidize its renovation. In this case, a selling price of $1,000 amounts to a subsidy. In South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) a. continued... Ms. Auburn asked Mr. Clark if he knew the estimated demolition cost for this building. Mr. Clark responded that their estimate was $125,000. Mrs. Kolata noted that the staff's estimates indicated a demolition cost of $140,000 to $150,000, exclusive of any asbestos removal or environmental clean-up. Mrs. Kolata noted that neither bid met the minimum offering price. The bid from Holladay Corporation in the amount of $305,000 had conditions which reduced the value of the bid. Therefore, by law, we cannot take action on either for thirty days. That thirty days would expire April 18, which is after the Commission's regular meeting on April 16. She suggested that the Commission might want to consider having a Special Meeting since the next Regular Meeting is not until May 7. The Commission referred the bids to staff for review and recommendation. Mrs Kolata noted that since we don't have any bid that met the minimum offering price, we can negotiate with any offer that might still come in. b. Public Hearing on Resolution No. 1141. a Supplemental Aunropriation resolution of the City of South Bend Redevelopment Commission. In COMMISSION REFERRED THE BIDS TO STAFF FOR REVIEW AND RECOMMENDATION South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) b. continued... Mrs. Kolata noted that this appropriation is for allocating $52,957.61 of TIF funds from the Studebaker Corridor that have been collected but have not been spent. We intend to spend it on eligible activities in the Studebaker Corridor. The Notice of Public Hearing was published on March 5, 1993 in both the Tri- County News and the South Bend Tribune. Ms. Auburn asked if there was any objection to entering the proofs of publication into the record. There were no objections and the items were so entered. Ms. Auburn opened the Public Hearing for anyone who wished to speak concerning Resolution No. 1141. There was no one who wished to speak. Ms. Auburn closed the Public Hearing for whatever action the Commission desired to take. C. Commission approval requested for Resolution No. 1141. Upon a motion by Mr. Donoho, seconded by Mr. Sharp and unanimously carried, the Commission approved Resolution No. 1141, a Supplemental Appropriation resolution of the City of South Bend Redevelopment Commission. -10- PUBLIC HEARING ON RESOLUTION NO. 1141, A SUPPLEMENTAL APPROPRIATION RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION COMMISSION APPROVED RESOLUTION NO. 1141, A SUPPLEMENTAL APPROPRIATION RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) d. e. Public Hearing on Resolution No. 1142. a Supplemental Apriation resolution of the City of South Bend Redevelopment Commission. Mrs. Kolata noted that this appropriation is for allocating $48,400.00 of proceeds from the sale of land in the Studebaker Corridor in 1992. We intend to spend it on eligible redevelopment activities in the Studebaker Corridor. The Notice of Public Hearing was published on March 5, 1993 in both the Tri- County News and the South Bend Tribune. Ms. Auburn asked if there was any objection to entering the proofs of publication into the record. There were no objections and the items were so entered. Ms. Auburn opened the Public Hearing for anyone who wished to speak concerning Resolution No. 1142. There was no one who wished to speak. Ms. Auburn closed the Public Hearing for whatever action the Commission desired to take. Commission approval requested for Resolution No. 1142. Upon a motion by Mr. Donoho, seconded by Mr. Faccenda and unanimously carried, the Commission approved Resolution No. 1142, a Supplemental Appropriation resolution of -11- PUBLIC HEARING ON RESOLUTION NO. 1142, A SUPPLEMENTAL APPROPRIATION RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION COMMISSION APPROVED RESOLUTION NO. 1142, A SUPPLEMENTAL APPROPRIATION RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) e. continued... the City of South Bend Redevelopment Commission. f. Commission approval requested for Resolution No. 1145 approving the Fair Re- use Value of PropgM in the South Bend Central Development Area. (Parcel Ml1 -17, 611 Clinton) Mrs. Kolata explained that we have recently purchased the house at 611 Clinton through the SBCDA lease /purchase bond. We are putting it up for bid, hoping to find someone who would like to do the rehab it for residential use. Although the reuse valuation is set at $6,000, it is in very bad disrepair. Upon a motion by Mr. Donoho, seconded by Mr. Sharp and unanimously carried, the Commission approved Resolution No 1145 approving the Fair Re -use Value of Property in the South Bend Central Development Area. (Parcel M11 -17) g. Commission approval requested for SpgLifiq and Design Considerations for Parcel Mll -17 in the South Bend Central Development Area. (611 Clinton) -12- COMMISSION APPROVED RESOLUTION NO. 1145 APPROVING THE FAIR RE -USE VALUE OF PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA. (PARCEL M[11-17,611 CLINTON) South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) 9. h. continued... Mrs. Kolata noted that the specifications stipulate that the house should be rehabbed for residential use. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission approved the Bid Specifications and Design Considerations for Parcel Mll- 17 in the South Bend Central Development Area. (611 Clinton) Commission approval requested to public Notice of Intended Sale of Pno-m y in the South Bend Central Development Area with publication dates to be March 26 and April 2, 1993 and receipt of bids to be at 10:00 a.m. on April 16, 1993. (Parcel M11 -17, 611 Clinton. Upon a motion by Mr. Donoho, seconded by Mr. Faccenda and unanimously carried, the Commission authorized publication of the Notice of Intended Sale of Property in the South Bend Central Development Area with publication dates to be March 26 and April 2, 1993 and receipt of bids to be at 10:00 a.m. on April 16, 1993. (Parcel Ml 1-17, 611 Clinton) -13- COMMISSION APPROVED THE BID SPECIFICATIONS AND DESIGN CONSIDERATIONS FOR PARCEL Ml 1 -17 IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA (611 CLINTON) COMMISSION AUTHORIZED PUBLICATION OF THE NOTICE OF INTENDED SALE OF PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA WITH PUBLICATION DATES TO BE MARCH 26 AND APRIL 2, 1993 AND RECEIPT FOR BIDS TO BE AT 10:00 A.M. ON APRIL 16, 1993. (PARCEL M11 -17, 611 CLINTON) Aloft South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) L Commission approval requested for Proposal with The Troyer Group for professional services. Mrs. Kolata noted that The Troyer Group is proposing to do some work on behalf of the Redevelopment Commission concerning the proposed revitalization of the Southeast Neighborhood. They will do some conceptual circulation patterns and land use designations to help us work with Indiana Vocational Technical College (IVTC), the neighborhood, Parkview Juvenile Center, the Family and Children's' Center, and the Park Department. The area they will study is bounded by Michigan Street, High Street, Sample Street, and the alley north of and parallel to Broadway Street. They propose to do the work at an hourly rate. The billing schedule is attached to the proposal. The proposal does not include a cap, but we will cap the costs at $15,500. The proposal also says that the proposal itself will serve as the agreement between Redevelopment and Troyer, but we will develop a formal agreement. Upon a motion by Mr. Sharp, seconded by COMMISSION APPROVED THE PROPOSAL Mr. Faccenda and unanimously carried, the WITH THE TROYER GROUP FOR Commission approved the proposal, as PROFESSIONAL SERVICES amended,with The Troyer Group for professional services. -14- South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) j. Commission awroval requested for Resolution No. 1146 approving and acggMtLmg the transfer of real property from the St. Joseph County Airport Authority. Ms. Manier explained that Resolution No. 1146 concerns the transfer to the Commission from the St. Joseph County Airport Authority of a parcel of land in the corporate sites area of the Blackthorn project. The Airport Authority is a partner with the Commission in the development of the Blackthorn Golf Course project. The Airport Authority felt it was in its best interest to transfer the land for the office sites and let us market the property along with our property. Ms. Manier noted that the transfer includes approximately 25 acres of land which the Airport Authority is selling to the Commission for $15,000 per acre. Payment in full is to be made to the Airport in the year 2000. We intend to make payment as each disposition parcel in the transferred area is sold. There will be no interest accruing nor increase in price for the land. Although the value of land in the Blackthorn area should increase in value, the price per acre that the Commission will reimburse the Airport Authority will remain the same, $15,000. -15- South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) j. continued... The purchase agreement includes provisions for the unsold land to revert back to the Airport Authority at the end of the agreement. Ms. Manier explained that this arrangement facilitates development by making it possible for potential land users to deal with only one governmental unit to purchase land and allows the Airport Authority to stay out of the business of marketing land. Upon a motion by Mr. Faccenda, seconded by Mr. Sharp and unanimously carried, the Commission approved Resolution No. 1146 approving and accepting the transfer of real property from the St. Joseph County Airport Authority. I Commission approval requested for Resolution No. 1147 approving the declaration of Protective and Restrictive Covenants of the Blackthorn Corporate Center and Blackthorn Corporate Center Development Guidelines. Mr. Riggs explained that the purpose of the Protective and Restrictive Covenants and Development Guidelines is to make sure that the Blackthorn Corporate Center has the quality development we desire to see there. -16- COMMISSION APPROVED RESOLUTION NO. 1146 APPROVING AND ACCEPTING THE TRANSFER OF REAL PROPERTY FROM THE ST. JOSEPH COUNTY AIRPORT AUTHORITY South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) k. continued... We want the development of Blackthorn to have minimal impact on the natural landscape, vegetation, and wildlife. It will be maintained as a premier business environment for office, support office, research, and general business uses in a natural setting. We want to protect owners and occupants of Blackthorn against improper and undesirable uses or substandard materials. Certain areas with unique natural features will be preserved as conservation easements. Development in portions of the Corporate Center will be restricted to certain types of development, namely corporate office uses, support office and research uses, and general business uses. Mrs. Kolata noted that the covenants will be recorded and will continue to restrict the land when it is sold, so future users will be required to maintain the same standards. The covenants also include the creation of an owners association at Blackthorn. The owners association will be responsible for enforcement of the covenants. The Commission will control the owners association until most of the land is sold. Mrs. Kolata noted that item 6.1. is the development agreement for the Blackthorn Corporate Center. Ms. Manier explained -17- South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) k. continued... that we have been discussing a development agreement with Venterra, Inc., of Chicago. They have spent a lot of time with us so far defining our vision for the Corporate Center. We propose to enter into an agreement with Venterra as the developer for the Corporate Center sites. Under the agreement, they will be retained as developer for Blackthorn until December 31, 1997 to market the business sites. Since they are located in Chicago, we have asked that they contract with a local realtor to actively work the local market. They will establish a local office by June 1, CW 1993. They will develop marketing materials, advertise, pursue leads, show the land to prospects, etc. They will provide us with written monthly reports on their activity. Venterra's compensation is to be based on the theory that they are participating in this venture with us and they are sharing some of the risk. We will pay them from the proceeds of sales that are made. From the proceeds of each sale will, first, be taken an amount sufficient to repay the Commission its investment in that land. That would either be $15,000 per acre for the Airport Authority land, or an amount necessary to defease the relevant portion of the bonds used to pay for that land, approximately -18- South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) k. continued... $12,000 per acre. The second item to be paid for from sale proceeds is a real estate commission. The next item paid for out of sale proceeds is an amount sufficient to reimburse Venterra its cost for marketing. Any remaining proceeds will be split with the City and Venters each receiving 50%. This arrangement has Venters fronting the marketing costs. Ms. Auburn asked about Venterra's reputation and how long they have been in business. Mrs. Kolata responded that they have been working with us on this project for about four years. They have been in business in Chicago approximately 18 years. They are the ones who first approached the Airport Authority about developing the golf course /office campus project. Some of their members are affiliated with Seay &Thomas and North American Golf, some are with M Financial Consulting. They are involved in a similar golf course /business campus in Dupage County and have done a lot of other real estate development. Mrs. Kolata noted that item 6.m. sets the value of the land at $40,000 per acre. Mr. Donoho asked how realistic that price is. Mrs. Kolata responded that the land was appraised at $40,000 per acre. However, it -19- South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) k. continued... may be necessary to sell some of the first pieces at less. As the area begins to develop the price should go up. The going rate at Edison Lakes is between $75,000 to $100,000 per acre. Upon a motion by Mr. Donoho, seconded by Mr. Faccenda and unanimously carried, the Commission approved Resolution No. 1147 approving declaration of Protective and Restrictive Covenants of the Blackthom Corporate Center and Blackthorn Corporate Center Development Guidelines. 1. Commission approval requested for Development Agreement for the Blackthorn Corporate Center in the Airport Economic Development Area. Upon a motion by Mr. Sharp, seconded by Mr. Faccenda and unanimously carried, the Commission approved the Development Agreement with Venterra, Inc., for the Blackthom Corporate Center in the Airport Economic Development Area. m. Commission approval requested for Resolution No. 1148 setting the Fair Re -use Value of Land in the Aitvort Economic Development Area. (Blackthorn Corporate Center Lots 1, 2, and 4) -20- COMMISSION APPROVED RESOLUTION NO. 1147 APPROVING DECLARATION OF PROTECTIVE AND RESTRICTIVE COVENANTS OF THE BLACKTHRON CORPORATE CENTER AND BLACKTHORN CORPORATE CENTER DEVELOPMENT GUIDELINES COMMISSION APPROVED THE DEVELOPMENT AGREEMENT WITH VENTERRA, INC., FOR THE BLACKTHORN CORPORATE CENTER IN THE AIRPORT ECONOMIC DEVELOPMENT AREA South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) m. continued... Mrs. Kolata noted that Lots 1, 2, and 4 refer to the land as it is replatted. We are not selling the property by lots, but by the acre. Mrs. Kolata also noted that we would like to amend Resolution No. 1148 to allow for the possible disposition by lease /purchase. The lease /purchase price would be $3,772.00 per acre per year for twenty years. Upon a motion by Mr. Faccenda, seconded by Mr. Sharp and unanimously carried, the Commission approved Resolution No. 1148, as amended, setting the Fair Re -use Value of �✓ Land in the Airport Economic Development Area. (Blackthorn Corporate Center Lots 1, 2, and 4) n. Commission aMroval requested to publish Notice of Intended Sale of Land in the Airport Economic Development Area with publication dates to be March 26 and April 2. 1993 and receipt of bids to be ADril 16. 1993. (Blackthorn Corporate Center) Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission authorized publication of Notice of Intended Sale of Land in the Airport Economic Development Area with publication dates to be March 26 and April -21- COMMISSION APPROVED RESOLUTION NO. 1148, AS AMENDED, SETTING THE FAIR RE -USE VALUE OF LAND IN THE AIRPORT ECONOMIC DEVELOPMENT AREA (BLACKTHORN CORPORATE CENTER LOTS 1, 2, AND 4) COMMISSION AUTHORIZED PUBLICATION OF NOTICE OF INTENDED SALE OF LAND IN THE AIRPORT ECONOMIC DEVELOPMENT AREA WITH PUBLICATION DATES TO BE MARCH 26 AND APRIL 2, 1993 AND RECEIPT OF BIDS TO BE APRIL 16, 1993 (BLACKTHORN CORPORATE CENTER) South Bend Redevelopment Commission Regular Meeting - March 19, 1993 6. NEW BUSINESS (Cont.) n. continued... 2, 1993 and receipt of bids to be April 16, 1993. (Blackthorn Corporate Center) o. Commission authorization requested to petition the South Bend Common Council for Vacation of Alley in the Studebaker Corridor Development Area. Mrs. Kolata explained that as part of our agreement with Murdock and Sons Construction we agreed to vacate the alleys in that block. The ordinance has been filed, but the petition needs the Commission's CW signatures before filing. Upon a motion by Mr. Sharp, seconded by Mr. Faccenda and unanimously carried, the Commission authorized petitioning the South Bend Common Council for Vacation of Alley in the Studebaker Corridor Development Area. 7. PROGRESS REPORTS There were no Progress Reports. 8. NEXT COMMISSION MEETING The next Regular Meeting of the Redevelopment Commission is scheduled for April 2, 1993 at 10:00 a.m. -22- COMMISSION AUTHORIZED PETITIONING THE SOUTH BEND COMMON COUNCIL FOR VACATION OF ALLEY IN THE STUDEBAKER CORRIDOR DEVELOPMENT AREA THERE WRE NO PROGRESS REPORTS NEXT COMMISSION MEETING South Bend Redevelopment Commission Regular Meeting - March 19, 1993 9. ADJOURNMENT There being no further business to come before the ADJOURNMENT Redevelopment Commission, Mr. Donoho made a motion that the meeting be adjourned. Mr. Faccenda seconded the motion and the meeting was adjourned at 11:40 a.m. Paula N. Auburn, President e Ann E. Kolata, Director -23-