HomeMy WebLinkAboutRM 03-04-94SOUTH BEND REDEVELOPMENT COMMISSION
REGULAR MEETING
March 4, 1994 1308 County -City Building
10:00 a.m. 227 W. Jefferson Boulevard
Presiding: Roman J. Piasecki South Bend, Indiana
Vice - President
I.
tl�
ROLL CALL
Members Present: Mr. Roman J. Piasecki, Vice - President
Mr. Theo F. Sharp, Secretary
Mr. Michael Donoho
Mr. Philip Faccenda
Members Absent: Ms. Paula N. Auburn, President
Legal Counsel: Ms. Jenny Pitts Manier
Redevelopment Staff: Mrs. Ann Kolata, Director
Mrs. Martha Lantz, Recording Secretary
Business Assistance Staff. Mr. Michael Beitzinger, Economic Dev. Specialist
Bureau of Housing Staff: Ms. Mary Richmond
Media: Mr. Don Porter, South Bend Tribune
Others: Mr. Frank Perri, The Holladay Corporation
2. APPROVAL OF MINUTES
a. Approval of Minutes of the Reg filar
Meeting of Friday, February 18, 1994.
Upon a motion by Mr. Donoho,
seconded by Mr. Faccenda and
unanimously carried, the Commission
approved the Minutes of the Regular
Meeting of Friday, February 18, 1994.
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COMMISSION APPROVED THE MINUTES OF
THE REGULAR MEETING OF FRIDAY,
FEBRUARY 18, 1994
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
3. APPROVAL OF CLAIMS
Redevelopment Commission Claims submitted March 4, 1994, for Approval.
ADMIN 1994 (21,2)
NBD Skokie Bank VISA
$ 782.82
Billie's Lunch Carry -Out
55.80
Tri- County News
32.76
University Place Hotel
739.86
Service America
802.99
BOMA Michiana
350.00
TOTAL
$ 2,779.23
SAMPLE -EWING DEVELOPMENT AREA (4141
Anna Edwards
$ 8,235.64
Code Enforcement
1,375.00
DeVere D. & Muriel Goheen
10,637.54
Eugene Kyle
22,056.77
Frederick Niemann
15, 801.42
Juanita Donaldson
533.95
Julia Grass
8,591.30
Leslie Ding
12,132.78
Mable Hall
9,713.54
Opal Nesbitt
1,452.54
S.E. Price
8,761.46
Computerland
1,422.64
John D. Wigfall
850.00
E.P.B. Inc.
840.11
Kropp Fire Protection Inc.
487.00
Jordon's Mishawaka Transfer Inc.
10,845.38
Terry Pennix
4,236.00
NIPSCO
330.21
Jay John
65.00
St. Joseph County Treasurer
2,658.35
James Johnson
1,250.00
TOTAL
$ 122,276.63
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South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
3. APPROVAL OF CLAIMS (Cont.)
S.B.C.D.A. T.I.F. GENERAL ACCOUNT (420J
Ameritech
South Bend Water Works
Gates Chevrolet Corp.
Ampco Parking
Northern Indiana Construction
Rick Walls
TOTAL
BOND ANTICIPATION NOTE (437)
There were no Communications.
5. OLD BUSINESS
There was no Old Business.
6. NEW BUSINESS
Mrs. Kolata asked permission to add three items
to the agenda. There were no objections and
items 6.1 and 6.m. were added, as well as an item
related to 6.b.
a. Commission auuroval requested for Contract
for Sale of Land with Toll Road Industrial
Partners, L. P. for land in the Airport
Economic Development Area.
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$ 48.38
139.33
2,058.00
8,920.96
56,541.37
2.153.60
$ 69,861.64
$ 4,608.00
15,250.00
5,196.00
$ 15,054.00
$ 219.971.50
THERE WERE NO COMMUNICATIONS
THERE WAS NO OLD BUSINESS
The Troyer Group
Sculpture Basis
Donna Lawrence Productions
TOTAL
"
GRAND TOTAL
4.
COMMUNICATIONS
There were no Communications.
5. OLD BUSINESS
There was no Old Business.
6. NEW BUSINESS
Mrs. Kolata asked permission to add three items
to the agenda. There were no objections and
items 6.1 and 6.m. were added, as well as an item
related to 6.b.
a. Commission auuroval requested for Contract
for Sale of Land with Toll Road Industrial
Partners, L. P. for land in the Airport
Economic Development Area.
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$ 48.38
139.33
2,058.00
8,920.96
56,541.37
2.153.60
$ 69,861.64
$ 4,608.00
15,250.00
5,196.00
$ 15,054.00
$ 219.971.50
THERE WERE NO COMMUNICATIONS
THERE WAS NO OLD BUSINESS
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
6. NEW BUSINESS (Cont.)
a. continued...
Mrs. Kolata noted that the Commission, at its
last meeting, accepted a proposal from Toll
Road Industrial Partners, L.P., calling for the
sale of land and a three -year option on
additional acreage. Toll Road Industrial
Partners prefers to have a five -year option on
the additional acreage and the Contract for
Sale of Land is written with a five -year
option. The staff recommends approving the
Contract with the five -year option.
Upon a motion by lair. Sharp, seconded by
Mr. Donoho and unanimously carried, the
Commission approved the Contract for Sale
of Land with Toll Road Industrial Partners,
L.P. for land in the Airport Economic
Development Area and authorized execution
of all documents related to the sale.
b.(1) Commission approval requested to allow
Redevelopment Authority to sign the Petition
for Tax Abatement on behalf of Toll Road
Industrial Partners, L.P.
Mrs. Kolata explained that the
Redevelopment Authority is the present
owner of the land that is being sold to Toll
Road Industrial Partners, L.P. The
Commission is the Lessee. Since the owner
of land must sign the petition for tax
abatement, the Redevelopment Authority
authorized the staff to sign the petition. As
Lessee, the Commission must also authorize
the staff to sign on behalf of Toll Road
Industrial Partners.
COMMISSION APPROVED THE CONTRACT
FOR SALE OF LAND WITH TOLL ROAD
INDUSTRIAL PARTNERS, L.P. FOR LAND IN
THE AIRPORT ECONOMIC DEVELOPMENT
AREA AND AUTHORIZED EXECUTION OF
ALL DOCUMENTS RELATED TO THE SALE
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
6. NEW BUSINESS (Cont.)
b. ci> continued...
Upon a motion by Mr. Donoho, seconded by
Mr. Sharp and unanimously carried, the
Commission authorized the Redevelopment
staff to sign the Petition for Tax Abatement
on behalf of Toll Road Industrial Partners,
L.P.
b.(2) Commission approval requested for
Resolution No. 1233 aUDrovine an avnlication
for real phi y tax deduction for proppM
located at Lot 18C, Toll Road Industrial Park
in the Airoort Economic Development Area.
(Toll Road Industrial Partners, L.P.)
Mr. Beitzinger read the staff report on the
project. Toll Road Industrial Partners will
construct a 100,000 square foot building to
lease to Tech Data, Inc. Tech Data, Inc. is a
national company which is in the business of
warehousing and distributing micro computer
related software and hardware products. The
building will serve as a new regional
distribution center. The total cost of the
project is estimated to be $2,400,000.
The project will create thirty to fifty
permanent new jobs within the first year with
an annual payroll of approximately $750,000.
Toll Road Industrial Partners has not been
granted any previous tax abatement. 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 by the South Bend Common
Council. The property is, however, located
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COMMISSION AUTHORIZED THE
REDEVELOPMENT STAFF TO SIGN THE
PETITION FOR TAX ABATEMENT ON
BEHALF OF TOLL ROAD INDUSTRIAL
PARTNERS, L.P.
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
6. NEW BUSINESS (Cont.)
bc2 >. continued...
in the Airport Economic Development Area,
which is a Tax Incremental Financing
Allocation Area. Toll Road Industrial
Partners qualifies for a ten year real property
tax abatement under the Tax Abatement
Ordinance.
Without tax abatement, the project would
generate approximately $1,121,992 of new
axes over the ten year period. With
abatement, the project will generate
approximately $566,606 of new taxes over
the ten year period. Therefore the cost of the
abatement will be approximately $555,386.
low Mr. Frank Perri, representing Tech Data,
noted that Tech Data is centralizing their
Chicago and Cleveland distribution centers in
South Bend. Tech Data was very impressed
with South Bend and the cooperation they
received as the looked for a new site. They
have experienced phenomenal growth over
the last seven years and have become the
third largest business of their type in the
United States.
Upon a motion by Mr. Donoho, seconded by
Mr. Faccenda and unanimously carried, the
Commission approved Resolution No. 1233
approving an application for real property tax
deduction for Toll Road Industrial Partners,
L.P. for property located in the Airport
Economic Development Area.
COMMISSION APPROVED RESOLUTION NO.
1233 APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION FOR
TOLL ROAD INDUSTRIAL PARTNERS, L.P.
FOR PROPERTY LOCATED IN THE AIRPORT
ECONOMIC DEVELOPMENT AREA
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
6. NEW BUSINESS (Cont.)
c. Commission approval requested for Release
of Urban Homesteading Agreement with
Barbara J. Brown for prope�i y located at 537
N. Cleveland.
Mrs. Kolata explained that under the Urban
Homesteading Program, the owner receives a
home for $1.00 and is required to bring the
home up to code within six months and to
live in the home at least five years. Items
6.c., 6.d., and 6.e., are for owners who have
met their commitments under the agreement.
The homes have been inspected and are
currently up to code.
Upon a motion by Mr. Sharp, seconded by 4�1
Mr. Faccenda and unanimously carried, the
Commission approved the Release of Urban
Homesteading Agreement with Barbara J.
Brown for property located at 537 N.
Cleveland.
d. Commission approval requested for Release
of Urban Homesteading Agreement with
M,=uitta A. Carr for prQWAy located at 106
S. Chicago.
Upon a motion by Mr. Sharp, seconded by
Mr. Faccenda and unanimously carried, the
Commission approved the Release of Urban
Homesteading Agreement with Marquitta A.
Can for property located at 106 S. Chicago.
e. Commission approval requested for Release
of Urban Homesteading Agreement with
Pedro and Kathy Lunn Galicia for property
located at 815 S. Pulaski.
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COMMISSION APPROVED THE RELEASE OF
URBAN HOMESTEADING AGREEMENT WITH
BARBARA L BROWN FOR PROPERTY
LOCATED AT 537 N. CLEVELAND
COMMISSION APPROVED THE RELEASE OF
URBAN HOMESTEADING AGREEMENT WITH
MARQUITTA A. CARR FOR PROPERTY
LOCATED AT 106 S. CHICAGO
Cwol South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
6. NEW BUSINESS (Cont.)
e. continued...
Upon a motion by Mr. Donoho, seconded by
Mr. Faccenda and unanimously carried, the
Commission approved the Release of Urban
Homesteading Agreement with Pedro and
Kathy Lynn Galicia for property located at
815 S. Pulaski.
f. Commission approval requested for Loan in
connection with the West Washington Rehab
Loan Program for propgrty located at 931 W.
LaSalle.
Mrs. Kolata explained that Daisey and
Juanita Taylor, mother and daughter, are
applying for the loan. The total amount of
work to be done is approximately $49,500.
The amount of the loan is $44,000. The
remaining $4,500 will be a grant. The loan
will be made at 0 % interest for 30 years.
Monthly payments will $122.22.
Ms. Richmond explained that the home is a
very large home, which needs a new roof,
extensive rewiring. and major wall repair.
The daughter will be a co- signer on the loan
because of the mother's age. The daughter
has been living with the mother and caring
for her for the past six years.
Mrs. Kolata noted that the renovation has
been approved by the West Washington
Design Review Committee. South Bend
Heritage will be rehabbing other houses on
the same block.
COMMISSION APPROVED THE RELEASE OF
URBAN HOMESTEADING AGREEMENT WITH
PEDRO AND KATHY LYNN GALICIA FOR
PROPERTY LOCATED AT 815 S. PULASKI
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
6. NEW BUSINESS (Cont.)
f. continued...
Upon a motion by Mr. Faccenda, seconded
by Mr. Donoho and unanimously carried, the
Commission approved the Loan in connection
with the West Washington Rehab Loan
Program for property located at 931 W.
LaSalle.
g. Commission approval requested for
Amendment No. 3 to Contract with The
Troyer Group for professional engineering
services in the Studebaker Corridor portion
of the Sample-Ewing g evelopment Area.
Mrs. Kolata explained that The Troyer Group
was previously commissioned to perform a
capital improvements study and
recommendations for the Studebaker
Corridor. They have also provided
construction specifications for several
projects. This Amendment to Contract
engages The Troyer Group to provide
construction specifications for curbs and
sidewalks for the block bounded by Indiana,
Lafayette, Broadway and Main. This is the
block that contains American Medical
Oxygen, Old Fort Building Supply, and The
Ridge Company. The curbs and sidewalks in
that block are deplorable. With the new
investment by American Medical Oxygen and
Old Fort, the staff recommends preparing the
construction drawings to replace the curb and
sidewalk there. The proposal is for a not to
exceed fee of $10,350. They expect their
actual costs will be closer to $8,000, but the
NTE is based on a percentage (7.2 %) of the
proposed construction cost. Engineering has
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COMMISSION APPROVED THE LOAN IN
CONNECTION WITH THE WEST
WASHINGTON REHAB LOAN PROGRAM FOR
PROPERTY LOCATED AT 931 W. LASALLE
South Bend Redevelopment Commission
Regular Meeting - Match 4, 1994
6. NEW BUSINESS (Cont.)
g. continued...
reviewed the proposal and finds it to be in
order and a very favorable fee.
Mrs. Kolata acknowledged that the engineer
on the project is Gerry Phipps, husband of
Cheryl Phipps, Office Manager in the
Department of Community and Economic
Development. There is no relationship
between Cheryl's job and this engineering
contract.
Upon a motion by Mr. Faccenda, seconded
by Mr. Sharp and unanimously carried, the
Commission approved Amendment No. 3 to
Contract with The Troyer Group for
lt� professional engineering services in the
Studebaker Corridor Portion of the Sample -
Ewing Development Area.
h. Commission approval requested for
Amendment to Contract for Drofessional
engineering services with Ken Herceg &
Associates in the Studebaker Corridor portion
of the Sample-Ewing g evelopment Area.
Mrs. Kolata explained that the Commission
had hired Ken Herceg to do some
environmental testing on the same block,
close to the corner of Lafayette and Indiana.
This is a change order that increases the fee
by $2,100 because the testing needed to be
done at a deeper level than originally
specified. The change order also includes a
$4,700 fee for additional soil borings. The
purpose of the additional soil borings is that
there is some contamination in a corner of
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COMMISSION APPROVED AMENDMENT NO.
3 TO CONTRACT WITH THE TROYER GROUP
FOR PROFESSIONAL ENGINEERING
SERVICES IN THE STUDEBAKER CORRIDOR
PORTION OF THE SAMPLE -EWING
DEVELOPMENT AREA
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
h. continued...
the lot. We need to determine whether the
contamination is coming from on site or from
off -site.
Upon a motion by Mr. Sharp, seconded by
Mr. Donoho and unanimously carried, the
Commission approved the Amendment to
Contract for professional engineering services
with Ken Herceg & Associates in the
Studebaker Corridor portion of the Sample -
Ewing Development Area.
i. Commission approval requested for
Residential Lease in the Sample -Ewing
C__ Development Area.
Name Address
Juanita Donaldson 218 E. Ohio
Mrs. Kolata noted that the Commission has
purchased the property at 218 E. Ohio. Ms.
Donaldson is still living the home. This
lease is based on the policy the Commission
established for such circumstances.
Upon a motion by Mr. Donoho, seconded by
Mr. Faccenda and unanimously carried, the
Commission approved the Residential Lease
with Juanita Donaldson for property located
at 218 E. Ohio in the Sample -Ewing
Development Area.
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COMMISSION APPROVED THE AMENDMENT
TO CONTRACT FOR PROFESSIONAL
ENGINEERING SERVICES WITH KEN
HERCEG & ASSOCIATES IN THE
STUDEBAKER CORRIDOR PORTION OF THE
SAMPLE -EWING DEVELOPMENT AREA
Monthly Rent
$210.00
COMMISSION APPROVED THE RESIDENTIAL
LEASE WITH JUANITA DONAI.DSON FOR
PROPERTY LOCATED AT 218 E. OHIO IN
THE SAMPLE -EWING DEVELOPMENT AREA
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
6. NEW BUSINESS (Cont.)
41
clroo'
j. Commission approval requested for
Resolution No. 1234 relating to acquisition of
propgrty in the Sample -Ewing Development
Area by Eminent Domain.
Mrs. Kolata noted that Resolution No. 1234
authorizes the sending of purchase offers,
with the right of eminent domain, on the four
properties listed. Three of those properties
are Main Muffler.
Upon a motion by Mr. Sharp, seconded by
Mr. Donoho and unanimously carried, the
Commission approved Resolution No. 1234
relating to acquisition of property in the
Sample -Ewing Development Area by Eminent
Domain.
k. Sir port on acquisition of property in the
Sample -Ewing Development Area.
Mrs. Kolata noted that the staff has received
nine counter offers. which are being put
forward at this time.
The first is from Wilbur and Essie Lacy for a
vacant lot located at 1009/1011 Carroll. The
original purchase offer was for $588. The
counter offer is in the amount of $800. The
staff recommends accepting the counter offer.
COMMISSION APPROVED RESOLUTION NO.
1234 RELATING TO ACQUISITION OF
PROPERTY IN THE SAMPLE -EWING
DEVELOPMENT AREA BY EMINENT
DOMAIN
Upon a motion by Mr. Donoho, seconded by COMMISSION ACCEPTED THE COUNTER
Mr. Faccenda and unanimously carried, the OFFER FROM WILBUR AND ESSIE LACY IN
Commission accepted the counter offer from THE AMOUNT OF $800 FOR PROPERTY
Wilbur and Essie Lacy in the amount of $800 LOCATED AT 1009/1011 CARROLL
for property located at 1009/1011 Carroll.
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A
l-
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
NEW BUSINESS (Cont.)
k. continued...
The second is from Inez Bracey for a vacant
lot located in the 400 block of Keasey Street.
The original purchase offer was for $375.
The counter offer is in the amount of $850.
The staff recommends accepting the counter
offer.
Upon a motion by Mr. Donoho, seconded by
Mr. Faccenda and unanimously carried, the
Commission accepted the counter offer from
Inez Bracey in the amount of $850 for
property located in the 400 block of Keasey
Street.
The third is from Rosie Redmon for a single
family residence located at 1118 Carroll.
The original purchase offer was for $12,250.
The counter offer is in the amount of
$14,000. The staff recommends accepting
the counter offer.
COMMISSION ACCEPTED THE COUNTER
OFFER FROM INEZ BRACEY IN THE
AMOUNT OF $850 FOR PROPERTY LOCATED
IN THE 400 BLOCK OF KEASEY STREET
Upon a motion by Mr. Donoho, seconded by COMMISSION ACCEPTED THE COUNTER
Mr. Faccenda and unanimously carried, the OFFER FROM ROSIE REDMON IN THE
Commission accepted the counter offer from AMOUNT OF $14,000 FOR PROPERTY
Rosie Redmon in the amount of $14,000 for LOCATED AT 1118 CARROLL
property located at 1118 Carroll.
The fourth is from Leo Trevino /T &T Rentals
for a renter occupied residence located at 112
E. Keasey. The original purchase offer was
for $15,000. The counter offer is in the
amount of $16,500. The staff recommends
accepting the counter offer.
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A
IC-01W
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
NEW BUSINESS (Cont.)
k. continued...
Upon a motion by Mr. Donoho, seconded by
Mr. Faccenda and unanimously carried, the
Commission accepted the counter offer from
Leo Trevino /T &T Rentals in the amount of
$16,500 for property located at 112 E.
Keasey.
The fifth is from Eugene Williams for a
vacant lot located at 121 E. Keasey. The
original purchase offer was for $1,013. The
counter offer is in the amount of $1,500.
The staff recommends accepting the counter
offer.
COMMISSION ACCEPTED THE COUNTER
OFFER FROM LEO TREVINO/T &T RENTALS
IN THE AMOUNT OF $16,500 FOR PROPERTY
LOCATED AT 112 E. KEASEY
Upon a motion by Mr. Donoho, seconded by COMMISSION ACCEPTED THE COUNTER
Mr. Faccenda and unanimously carried, the OFFER FROM EUGENE WILLIAMS IN THE
Commission accepted the counter offer from AMOUNT OF $1,500 FOR PROPERTY
Eugene Williams in the amount of $1,500 for LOCATED AT 121 E. KEASEY
property located at 121 E. Keasey.
The sixth is from Eugene Williams for a
vacant lot located at 118 Ohio Street. The
original purchase offer was for $525. The
counter offer is in the amount of $1,000.
The staff recommends accepting the counter
offer.
Upon a motion by Mr. Donoho, seconded by COMMISSION ACCEPTED THE COUNTER
Mr. Faccenda and unanimously carried, the OFFER FROM EUGENE WILLIAMS IN THE
Commission accepted the counter offer from AMOUNT OF $1,000 FOR PROPERTY
Eugene Williams in the amount of $1,000 for LOCATED AT 118 OHIO STREET
property located at 118 Ohio Street.
The seventh is from Robert & Violet Barry
for a vacant lot located at 405 E. Keasey.
The original purchase offer was for $375.
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L�J
1.1
14
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
NEW BUSINESS (Cont.)
k. continued...
The counter offer is in the amount of $850.
The staff recommends accepting the counter
offer.
Upon a motion by Mr. Donoho, seconded by
Mr. Faccenda and unanimously carried, the
Commission accepted the counter offer from
Robert and Violet Barry in the amount of
$850 for property located at 405 E. Keasey.
The eighth is from Inez Bracey for a single
family residence located at 408 E. Keasey.
The original purchase offer was for $8,500.
The counter offer is in the amount of
$11,500. The staff recommends accepting
the counter offer.
Upon a motion by Mr. Donoho, seconded by
Mr. Faccenda and unanimously carried, the
Commission accepted the counter offer from
Inez Bracey in the amount of $11,500 for
property located at 408 E. Keasey.
The ninth is from Manuel and Lucille
Jennings for a single family residence located
at 411 E. Ohio. The original purchase offer
was for $10,500. The counter offer is in the
amount of $12,000. The staff recommends
accepting the counter offer.
COMMISSION ACCEPTED THE COUNTER
OFFER FROM ROBERT AND VIOLET BARRY
IN THE AMOUNT OF $850 FOR PROPERTY
LOCATED AT 405 E. KEASEY
COMMISSION ACCEPTED THE COUNTER
OFFER FROM INEZ BRACEY IN THE
AMOUNT OF $11,500 FOR PROPERTY
LOCATED AT 408 E. KEASEY
Upon a motion by Mr. Donoho, seconded by COMMISSION ACCEPTED THE COUNTER
Mr. Faccenda and unanimously carried, the OFFER FROM MANUEL AND LUCILLE
Commission accepted the counter offer from JENNINGS IN THE AMOUNT OF $12,000 FOR
Manuel and Lucille Jennings in the amount of PROPERTY LOCATED AT 411 E. OHIO
$12,000 for property located at 411 E. Ohio.
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South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
6. NEW BUSINESS (Cont.)
1. Commission approval requested for
Subordination Agreement with First Federal
Savings Bank for p1QW y located at 617 N.
Cushing. (Leo R. and Cleora Kelsch)
Ms. Richmond explained that the
Subordination Agreements in item 6.1. and
6.m. result from refinancing. The
Commission already had its Rental Rehab
Loans subordinated to the First Federal loans.
The Kelsch's have just refinanced the First
Federal loans and that requires new
Subordination Agreements.
Upon a motion by Mr. Faccenda, seconded
by Mr. Sharp and unanimously carried, the
Commission approved the Subordination
Agreement with First Federal Savings Bank
for property located at 617 N. Cushing. (Leo
R. and Cleora Kelsch)
m. Commission approval requested for
Subordination Agreement with First Federal
Savings Bank for property located at 619 N.
Cushing. (Leo R. and Cleora Kelsch)
Upon a motion by Mr. Faccenda, seconded
by Mr. Sharp and unanimously carried, the
Commission approved the Subordination
Agreement with First Federal Savings Bank
for property located at 619 N. Cushing. (Leo
R. and Cleora Kelsch)
7. PROGRESS REPORTS
Mrs. Kolata gave the Commission copies of a real
estate magazine, Indiana Commercial Magazine,
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COMMISSION APPROVED THE
SUBORDINATION AGREEMENT WITH FIRST
FEDERAL SAVINGS BANK FOR PROPERTY
LOCATED AT 617 N. CUSHING. (LEO R. AND
CLEORA KELSCH)
COMMISSION APPROVED THE
SUBORDINATION AGREEMENT WITH FIRST
FEDERAL SAVINGS BANK FOR PROPERTY
LOCATED AT 619 N. CUSHING. (LEO R. AND
CLEORA KELSCH)
PROGRESS REPORTS
South Bend Redevelopment Commission
Regular Meeting - March 4, 1994
7. PROGRESS REPORTS (Cont.)
which has Blackthom Corporate Park on the
cover and includes an article about the corporate
park as well as the golf course. It has been
distributed to all commercial realtors in the state
and is available on news stands.
8. NEXT COMMISSION MEETING
The next meeting of the Redevelopment NEXT COMMISSION MEETING
Commission will be a Special Meeting to be held
at 10:00 a.m. March 11, 1994. The next Regular
Meeting of the Commission will be at 10:00 a.m.
on March 18, 1994.
9. ADJOURNMENT
There being no further business to come before
the Redevelopment Commission, Mr. Sharp made
a motion that the meeting be adjourned. Mr.
Donoho seconded the motion and the meeting was
adjourned at 10:43 a.m.
Paula N. Auburn, President
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ADJOURNMENT
Ann fR. Kolata, Director