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Home My WebLink AboutRM 03-31-94SOUTH BEND REDEVELOPMENT COMMISSION RESCHEDULED REGULAR MEETING March 31, 1994 1308 County -City Building 10:00 a.m. 227 W. Jefferson Boulevard Presiding: Paula N. Auburn South Bend, Indiana President I. ROLL CALL Members Present: Ms. Paula N. Auburn, President Mr. Roman J. Piasecki, Vice - President Mr. Theo F. Sharp, Secretary Mr. Philip Faccenda Members Absent: Mr. Michael Donoho Legal Counsel: Ms. Jenny Pitts Manier Redevelopment Staff: Mrs. Ann Kolata, Director Mrs. Cheryl Phipps, Recording Secretary Mr. James Riggs, Economic Dev. Specialist Mr. Gabriel Okafor, Economic Dev. Specialist Business Assistance Staff: Mr. Michael Beitzinger, Economic Dev. Specialist Bureau of Housing Staff: Ms. Kathryn Baumgartner, Director Mary Richmond Mr. Michael Tinny Media: Mr. Thom Howell, U -93 Mr. Don Porter, South Bend Tribune Others: Mr. Carter Wolf, Center City Associates Mr. Larry Dunville, Dearborn Crane Ms. Auburn announced that the Executive Session will continue immedately following adjournment of the Regular Meeting. 2. APPROVAL OF MINUTES a. Aynroval of Minutes of the Regular Meeting of Friday, March 18, 1994. 11%�' -1- South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 2. APPROVAL OF MINUTES (Cont.) Upon a motion by Mr. Piasecki, seconded by Mr. Faccenda and unanimously carried, the Commission approved the Minutes of the Regular Meeting of Friday, March 18, 1994. 3. APPROVAL OF CLAIMS Claims Submitted March 31, 1994 for Approval ADMIN 1994 Federal Express Gene's Camera Store South Bend Tribune NBD Skokie Bank Petty Cash fb� United Parcel Service Billie's Lunch Carryout Baker & Daniels Business Districts, Inc. Travelmore TOTAL S.B.C.D.A. TIF - GENERAL ACCOUNT (420) Indiana Dept. of Environmental Projects Ameritech Scanlon Electric Co. Executone South Bend Water Works EIS Environmental Leedy /Cripe Architects TOTAL COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF FRIDAY, MARCH 18, 1994 $ 63.50 98.19 84.38 7.35 37.43 10.75 96.70 450.00 10.00 245.00 $ 1,103.30 $ 50.00 49.53 329.00 506.00 139.33 1,293.38 272.05 $ 2,639.29 South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 SAMPLE -EWING DEVELOPMENT AREA (414) York Title & Escrow, Inc. E.P.B. Inc. Anna Harris Levi Mitchell Milliken Construction Jeff and Crystal Wilma Walter Hostettler Lenna DeJarnatt Eugene Merritt Nancy J. Stokes St. Joseph County Treasurer Lebermuth Co. Rosie M. Redmon Superior Waste Systems Repairs, Inc. Michael Mumford & Shrum's Homes Sweet Homes Michael Mumford Michael Mumford York Title & Escrow, Inc. TOTAL BOND ANTICIPATION NOTE (437) The Troyer Group Donna Lawrence TOTAL GRAND TOTAL Upon a motion by Mr. Piasecki, seconded by Mr. Faccenda and unanimously carried, the Commission approved the Claims submitted March 31, 1994. 4. COMMUNICATIONS There were no Communications. C 3 $ 1,650.00 2,193.87 5,900.00 2,802.26 2,415.00 21,685.00 12,846.69 19,274.07 9,589.77 17,815.52 1,152.57 64.80 13,823.38 79.00 226.12 4,009.00 1,241.00 850.00 200.00 $ 117,818.05 $ 4,354.00 3,840.50 $ 8,194.50 $ 129,755.14 COMMISSION APPROVED THE CLAIMS SUBMITTED MARCH 31, 1994 THERE WERE NO COMMUNICATIONS South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 5. OLD BUSINESS There was no Old Business. 6. NEW BUSINESS Mrs. Kolata asked permission to consider items 6.i., 6. j . , 6.k., and 6.1. at the top of the agenda. There were no objections and the items were moved to the top of the agenda. i. Commission authorization requested to sign Tax Abatement Petition on behalf of BHD Properties LLC (dba: Dearborn Crane & Engineering Co.l. Mrs. Kolata explained that BHD Properties (Dearborn Crane) has petitioned for tax abatement on their new building and equipment to be constructed in the Toll Road Industrial Park. Since the Redevelopment Authority owns the real property and will be leasing it to Dearborn Crane, the Authority must sign the real property tax abatement petition on behalf of Dearborn Crane. The Commission, as lessee, must also sign the petition. Upon a motion by Mr. Sharp, seconded by Mr. Faccenda and unanimously carried, the Commission authorized signing the real property tax abatement petition on behalf of BHD Properties LLC, dba: Dearborn Crane & Equipment Co. C THERE WAS NO OLD BUSINESS COMMISSION AUTHORIZED SIGNING THE REAL PROPERTY TAX ABATEMENT PETITION ON BEHALF OF BHD PROPERTIES LLC, DBA: DEARBORN CRANE & EQUIPMENT CO. South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 6. NEW BUSINESS (Cont.) j. Commission approval requested for Resolution No. 1241 =roving an application for real property tax deduction for property located at 4320 Ralph Jones Court in the Airport Economic Development Area. (BHD Properties) Mr. Beitzinger read the staff report on the project. Dearborn Crane intends to build a new "world class" facility on lot 11 in the Toll Road Industrial Park. The three major components of the crane manufacturing process are welding, fabricating and handling. The handling efficiency will be addressed by the new physical plant, while the new equipment is essential to solve the AV problems of welding and fabricating. The manufacturing process is primarily of steel and its subsequent assembly into a finished product. Other than a small amount of painting, the operation is virtually pollution/hazardous waste free. The building will be approximately 30,450 square feet at a cost of approximately $700,000. The new machinery and equipment is estimated to cost around $250,000. The project will create between two and four permanent new jobs within the first year representing an annual payroll of between $60,000 and $130,000. The project will also maintain twenty -four full time and three part time jobs representing an annual payroll of $1,010,000. The petitioner has not been granted any previous tax abatement consideration. The L -5- South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 6. NEW BUSINESS (Cont.) j. continued... property is not located in an area presently designated as a Tax Abatement Impact Area by the South Bend Common Council. It is, however, located in the Airport Economic Development Area. The petitioner qualifies for ten years of real property tax abatement and five years of personal property tax abatement under the tax abatement resolution. The cost of the abatements is as follows: Assuming a constant tax rate and a project cost of $700,000, the amount of real property taxes without abatement is expected to be approximately $346,822. With abatement, JVN the amount of real property taxes is expected to be approximately $175,145. Therefore the cost of the real property tax abatement will be approximately $171,677 over the ten year period. Assuming equipment costs of $250,000 and a constant tax rate, the amount of personal property taxes,without abatement, is expected to be approximately $24,030. With abatement, the personal property taxes are expected to be approximately $4,261. Therefore, the amount of personal property taxes to be abated over the five year period will be approximately $19,769. Mr. Dunville noted that by the end of year two of the abatement, the project will have generated fifteen times the taxes the land currently generates. Also, the jobs that will be created with this project are union scale jobs with full health and pension benefits. W South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 6. NEW BUSINESS (Cont.) j. continued... Upon a motion by Mr. Piasecki, seconded by Mr. Faccenda and unanimously carried, the Commission approved Resolution No. 1241 approving an application for real property tax deduction for property located at 4320 Ralph Jones Court in the Airport Economic Development Area. (BHD Properties) k. Commission annroval reauested for Resolution No. 1242 =roving an application for personal property tax deduction for property located at 4320 Ralph Jones Court in the Airport Economic Development Area. ARK BHD Properties) Upon a motion by Mr. Sharp, seconded by Mr. Faccenda and unanimously carried, the Commission approved Resolution No. 1242 approving an application for personal property tax deduction for property located at 4320 Ralph Jones Court in the Airport Economic Development Area (BHD Properties) 1. Staff report on Disposition of Property in the Toll Road Industrial Park portion of the Airport Economic Development Area. Mr. Riggs noted that the Department of Redevelopment received two separate proposals for Lot 5 in the Toll Road Industrial Park. The first is from Interplan Land Trust Corporation; the second is from James and Linda Teske (dba: Apollo Precision Machining, Inc.) . IL -7- COMMISSION APPROVED RESOLUTION NO. 1241 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 4320 RALPH JONES COURT IN THE AIRPORT ECONOMIC DEVELOPMENT AREA. (BHD PROPERTIES) COMMISSION APPROVED RESOLUTION NO. 1242 APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 4320 RALPH JONES COURT IN THE AIRPORT ECONOMIC DEVELOPMENT AREA (BHD PROPERTIES) <° South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 6. NEW BUSINESS (Cont.) 1. continued... Lot 5 is a 2.36 acre vacant parcel at the southwest corner of Ralph Jones Drive and William Richardson Drive. In December 1992 the Commission set the Fair Market Reuse Value of this parcel at $42,250. The Interplan proposal was received on March 3, 1994 and proposes a 20 -year lease with an annual lease payment of $4,833.14. The total sum of the lease payments is $76,662.80. The present value of this amount is equal to $42,250 (based on an annual rate of 8 %) which is equal to the Fair Market Reuse Value for the lot. Interplan's proposal is for the construction of a 10,000 + sq. ft. building which will be leased to an unnamed tenant from Grand Rapids, Michigan. A The proposal from James and Linda Teske (representing Apollo) was received by this office on March 15, 1994. Apollo is a local machine shop presently located on Western Avenue which currently employs 12 people. The company intends to expand its workforce to 20 in the proposed building. Apollo has offered a price of $43,000 for the property. This amount is $750 over the Fair Market Reuse Value of the parcel. The proposal is to construct a 10,000 sq. ft. machine shop for the company. The proposal forms are complete and the required faithful performance guaranty of $4,300.00 has been submitted. South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 6. NEW BUSINESS (Cont.) 1. continued... The staff recommends accepting the proposal from Apollo Precision Machine, contingent upon staff design review of the project to make sure it meets the covenants and design guidelines for the Airport Economic Development Area. The staff also recommends that it continue to work with Interplan to find another suitable location in the area for their project. Mrs. Kolata asked what the construction schedule is. Mrs. Teske responded that they intend to begin construction immediately and be in the building before the year ends. Mrs. Kolata noted that the staff was faced with a difficutlt situation because of the two strong proposals. The staff recommendation for the Apollo project is based on the manufacturing jobs that will be created and because they are ready to begin construction immediately. The Interplan proposal is more speculative since the proposed tenant has not get been identified. Upon a motion by Mr. Faccenda, seconded by Mr. Sharp and unanimously carried, the Commission accepted the proposal from James and Linda Teske for Disposition Lot 5 in the Toll Road Industrial Park portion of the Airport Economic Development Area. a. Commission approval requested for grant connection with the West Washington Loan Program for property located at 1010 W. Jefferson. (Carol Smith) ko -9- COMMISSION ACCEPTED THE PROPOSAL FROM JAMES AND LINDA TESKE FOR DISPOSITION LOT 5 IN THE TOLL ROAD INDUSTRIAL PARK PORTION OF THE AIRPORT ECONOMIC DEVELOPMENT AREA a T South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 NEW BUSINESS (Cont.) a. continued... Mrs. Kolata explained that the Commission approved a loan to Carol Smith in connection with the rehab of 1010 W. Jefferson. Once the HDC started working on the property it became apparent that plaster in several rooms needed to be replaced instead of repaired. Under that plaster were disintegrating gas and water pipes which also needed to be replaced. These emergency repairs were immediately made, but have increased the cost of the rehab for an additional $5,755. This brings the total cost of the rehab up to a number that is more than the after rehab value of the house. The Bureau of Housing recommends making a grant of the $5,755. Upon a motion by Mr. Piasecki, seconded by Mr. Faccenda and unanimously carried, the Commission approved the Grant in connection with the West Washington Loan Program for property located at 1010 W. Jefferson. (Carol Smith) b. Commission approval requested for grant and loan in connection with the West Washin on Loan Program. Name Address Gladys L. Smith 228 Laurel Mrs. Kolata noted that the total amount of the work to be done is $30, 462.00. The loan is in the amount of $21,000 with a grant of the remaining $9,462. The term of the COMMISSION APPROVED THE GRANT IN CONNECTION WITH THE WEST WASHINGTON LOAN PROGRAM FOR PROPERTY LOCATED AT 1010 W. JEFFERSON. (CAROL SMITH) Loan Amt. Payment $21,000.00 $58.33 -10- I& ASK South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 6. NEW BUSINESS (Cont.) b. continued... loan would be 20 years at 0% interest, resulting in a monthly payment of $58.33. Upon a motion by Mr. Sharp, seconded by Mr. Piasecki and unanimously carried, the Commission approved the grant and loan in connection with the West Washington Loan Program for Gladys L. Smith at 228 Laurel. Commission approval requested for Certificate of Waiver in connection with the Rental Rehab Loan Program for property located at 619 N. Cushing.,. (Leo R. and Cleora Kelsch) 1G, Mrs. Kolata explained that under the Rental Rehab Program 10 % of the loan may be forgiven each year if the property is kept up to code, is current on its taxes, and is made available to low and moderate income tenants. This Certificate of Waiver forgives $750 for each of three years September 18, 1991, 1992, and 1993 for property located at 619 N. Cushing. Upon a motion by Mr. Faccenda, seconded by Mr. Piasecki and unanimously carried, the Commission approved the Certificate of Waiver in the amount of $750 for the years ending September 18, 1991, 1992, and 1993 for property located at 619 N. Cushing. (Leo R. and Cleora Kelsch) -11- COMMISSION APPROVED THE GRANT AND LOAN IN CONNECTION WITH THE WEST WASHINGTON LOAN PROGRAM FOR GLADYS L. SMITH AT 228 LAUREL COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN THE AMOUNT OF $750 FOR THE YEARS ENDING SEPTEMBER 18, 1991, 1992, AND 1993 FOR PROPERTY LOCATED AT 619 N. CUSHING (LEO R. AND CLEORA KELSCH) AO-, South Bend Redevelopment Commission fir+` Rescheduled Regular Meeting - March 31, 1994 6. NEW BUSINESS (Cont.) d. Commission approval requested for Certificate of Waiver in connection with the Rental Rehab Loan Program for propertX located at 617 N. Cushing. (Leo R. and Cleora Kelsch) Mrs. Kolata noted that this Certificate of Waiver forgives $533.20 for each of three years ending August 15, 1991, 1992, and 1993. Upon a motion by Mr. Faccenda, seconded by Mr. Sharp and unanimously carried, the Commission approved the Certificate of Waiver in the amount of $533.20 for each of the years ending August 15, 1991, 1992, 1993 for property located at 617 N. Cushing '' (Leo R. and Cleora Kelsch). e. Commission approval requested for Certificate of Waiver in connection with the Rental Rehab Loan Program for propertX located at 403 N. Studebaker. (Ernest Jack and Mary E. Reed Mrs. Kolata noted that this Certificate of Waiver forgives $691.50 for each of three years ending May 28, 1991, 1992, and 1993. Mrs. Kolata also disclosed that Ernest Jack Reed is the Mayor's Administrative Assistant. There is no conflict of interest regarding this loan. -12- COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN THE AMOUNT OF $533.20 FOR EACH OF THE YEARS ENDING AUGUST 15, 1991, 1992, 1993 FOR PROPERTY LOCATED AT 617 N. CUSHING (LEO R. AND CLEORA KELSCH) South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 6. NEW BUSINESS (Cont.) e. continued... Upon a motion by Mr. Sharp, seconded by Mr. Piasecki and unanimously carried, the Commission approved the Certificate of Waiver in the amount of $691.50 for each of the three years ending May 28, 1991, 1992, and 1993 for property located at 403 N. Studebaker. (Ernest Jack and Mary E. Reed) f. Commission approval requested for Resolution No. 1240 related to acquisition of property in the Sample -Ewing Development Area by Eminent Domain. Mrs. Kolata explained that Resolution No. 1240 authorizes the purchase of seven additional properties, including the Boys and Girls Club on Wenger and Fellows streets. The prices fixed for the properties are for real estate only, not for any fixtures. Upon a motion by Mr. Sharp, seconded by Mr. Faccenda and unanimously carried, the Commission approved Resolution No. 1240 related to acquisition of property in the Sample -Ewing Development Area by Eminent Domain. g. Commission approval requested for Residential Lease for property located at 117 E. Pennsylvania in the Sample -Ewing Development Area. Mrs. Kolata explained that the Commission has closed on this property but Beatrice Jenkins has not moved yet. The term of the -13- COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN THE AMOUNT OF $691.50 FOR EACH OF THE THREE YEARS ENDING MAY 28, 1991, 1992, AND 1993 FOR PROPERTY LOCATED AT 403 N. STUDEBAKER. (ERNEST JACK AND MARY E. REED) COMMISSION APPROVED RESOLUTION NO. 1240 RELATED TO ACQUISITION OF PROPERTY IN THE SAMPLE -EWING DEVELOPMENT AREA BY EMINENT DOMAIN South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 6. NEW BUSINESS (Cont.) g. continued... lease is up to August 1994. She will pay $186.50 per month. Upon a motion by Mr. Faccenda, seconded COMMISSION APPROVED THE RESIDENTIAL by Mr. Piasecki and unanimously carried, the LEASE FOR PROPERTY LOCATED AT 117 E. Commission approved the Residential Lease PENNSYLVANIA IN THE SAMPLE -EWING for property located at 117 E. Pennsylvania DEVELOPMENT AREA in the Sample -Ewing Development Area. h. Staff report on acquisition of property in the Sample -Ewing Development Area. Mrs. Kolata noted that the staff has received eight counter offers. The first is from Bennie and Rhetta Kirk for a single family residence located at 408 E. Ohio. The original purchase offer was $28,000. The counter offer is $30,000. The staff recommends accepting the counter offer. Upon a motion by Mr. Faccenda, seconded COMMISSION APPROVED THE COUNTER by Mr. Piasecki and unanimously carried, the OFFER FROM BENNIE & RHETTA KIRK IN Commission approved the counter offer from THE AMOUNT OF $30,000 FOR PROPERTY Bennie & Rhetta Kirk in the amount of LOCATED AT 408 E. OHIO $30,000 for property located at 408 E. Ohio. The next counter offer is from Woodrow and Beverly Bradford for a vacant lot located at 244 E. Elder. The original purchase offer was for $625. The counter offer is $750. The staff recommends accepting the counter offer. Upon a motion by Mr. Faccenda, seconded by Mr. Piasecki and unanimously carried, the Commission approved the counter offer from c4w -14- COMMISSION APPROVED THE COUNTER OFFER FROM WOODROW AND BEVERLY BRADFORD IN THE AMOUNT OF $750 FOR PROPERTY LOCATED AT 244 E. ELDER L+ South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 6. NEW BUSINESS (Cont.) g. continued... Woodrow and Beverly Bradford in the amount of $750 for property located at 244 E. Elder. The next counter offer is from Woodrow & Beverly Bradford for a single family residence located at 246 E. Elder. The original purchase offer was $12,000. The counter offer is $13,500. The staff recommends accepting the counter offer. Upon a motion by Mr. Faccenda, seconded by Mr. Piasecki and unanimously carried, the Commission approved the counter offer from Woodrow & Beverly Bradford in the amount of $13,500 for property located at 246 E. Elder. The next counter offer is from Inez and Leslie Bracey for a single family residence located at 404 E. Keasey. The original purchase offer was $12,750. The counter offer is $14,250. The staff recommends accepting the counter offer. Upon a motion by Mr. Faccenda, seconded by Mr. Piasecki and unanimously carried, the Commission approved the counter offer from Inez and Leslie Bracey in the amount of $14,250 for property located at 404 E. Keasey. The next counter offer is from Marie Banks and Margaret Oliver for a single family residence located at 310 E. Keasey. The -15- COMMISSION APPROVED THE COUNTER OFFER FROM WOODROW & BEVERLY BRADFORD IN THE AMOUNT OF $13,500 FOR PROPERTY LOCATED AT 246 E. ELDER COMMISSION APPROVED THE COUNTER OFFER FROM INEZ AND LESLIE BRACEY IN THE AMOUNT OF $14,250 FOR PROPERTY LOCATED AT 404 E. KEASEY 4 South Bend Redevelopment Commission Amended 5/5/95 Rescheduled Regular Meeting - March 31, 1994 6. NEW BUSINESS (Cont.) h. continued... original purchase offer was $10,500. The �- counter offer is $12,500. The staff recommends accepting the counter offer. a Upon a motion by Mr. Faccenda, seconded ER by Mr. Piasecki and unanimously carried, the ROM Commission approved the counter offer in the 'ER amount of $12,500 from Marie Banks and Margaret Oliver for property located at 310 E. Keasey. The next counter offer is from James & Annie Wiley for a single family residence located at 221 Pennsylvania Street. The original purchase offer was $19,750. The counter offer is $22,500. The staff recommends accepting the counter offer. Upon a motion by Mr. Faccenda, seconded COMMISSION APPROVED THE COUNTER by Mr. Piasecki and unanimously carried, the OFFER FROM JAMES & ARMIE WILEY IN Commission approved the counter offer from THE AMOUNT OF $22,500 FOR PROPERTY James & Annie Wiley in the amount of LOCATED AT 221 PENNSYLVANIA STREET $22,500 for property located at 221 Pennsylvania Street. The next counter offer is from Red John Smith and Clarice Blue for a vacant lot located at 413 E. Ohio. The original purchase offer was $475. The counter offer is $700. The staff recommends accepting the counter offer. Upon a motion by Mr. Faccenda, seconded COMMISSION APPROVED THE COUNTER by Mr. Piasecki and unanimously carried, the OFFER FROM RED JOHN SMITH AND Commission approved the counter offer from CLARICE BLUE IN THE AMOUNT OF $700 Red John Smith and Clarice Blue in the FOR PROPERTY LOCATED AT 413 E. OHIO -16- ki rel C7 South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 NEW BUSINESS (Cont.) h. continued... amount of $700 for property located at 413 E. Ohio. The last counter offer is from Joe Fennessee for a vacant lot located at 210 Pennsylvania Street. The original purchase offer was $1,025. The counter offer is $1,875. The staff recommends accepting the counter offer. Upon a motion by Mr. Faccenda, seconded COMMISSION APPROVED THE COUNTER by Mr. Piasecki and unanimously carried, the OFFER FROM JOE FENNESSEE IN THE Commission approved the counter offer from AMOUNT OF $1,025 FOR PROPERTY Joe Fennessee in the amount of $1,025 for LOCATED AT 210 PENNSYLVANIA STREET property located at 210 Pennsylvania Street. PROGRESS REPORTS Mr. Okafor gave an update on the Sample -Ewing Development Area acquisition and relocation. There were approximately 200 privately owned properties that the Commission put on its acquisition list in 1993. We have made purchase offers on 196. We have now acquired 62 of those. The remaining 134 are in various stages of the acquisition process: 48 of those offers have been accepted and just need to go through the closing process. The first few have been filed for condemnation. The staff has completed the relocation of 14 - 18 renters or owners. In the second phase, east of Fellows Street, we have had survey and title work done on 88 properties and have assigned the appraisal of those 88 properties to various appraisers. -17- PROGRESS REPORTS io, South Bend Redevelopment Commission Rescheduled Regular Meeting - March 31, 1994 7. PROGRESS REPORTS (Cont.) Ms. Auburn congratulated the staff on its excellent work. It is obvious they have been working very hard and doing a good job. Mrs. Kolata reported that the State Theater opened on March 25 with 500 -600 people in attendance. Everyone had a good time. 8. NEXT COMMISSION MEETING The next Regular Meeting of the Commission is scheduled for April 15, 1994 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. Sharp seconded the motion and the meeting was adjourned at 11:03 a.m. NEXT COMMISSION MEETING ADJOURNMENT i Paula N. Auburn, President E. Kolata, Director (�W -18-