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HomeMy WebLinkAboutRM 08-05-94r� A SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING August 5, 1994 10:00 a.m. Presiding: Roman J. Piasecki Vice - President I. ROLL CALL 1308 County -City Building 227 W. Jefferson Boulevard South Bend, Indiana Members Present: Mr. Roman J. Piasecki, Vice - President Mr. Michael Donoho Mr. Philip Faccenda Members Absent: Ms. Paula N. Auburn, President Mr. Theo F. Sharp, Secretary Legal Counsel: Ms. Jenny Pitts Manier Redevelopment Staff: Mrs. Ann Kolata, Director Mrs. Cheryl Phipps, Recording Secretary Business Assistance Staff: Mr. Michael Beitzinger, Economic Dev. Specialist Bureau of Housing Staff: Ms. Mary Richmond Media: Mr. Thom Howell, U -93 Mr. Don Porter, South Bend Tribune Others: Mr. Carter Wolf, Center City Associates Mr. Kerry Levin, South Bend Scrap and Processing The meeting was not called to order until 10:45 a.m. as a quorum was not present until that time. 2. APPROVAL OF MINUTES a. Auvroval of Minutes of the Regular Meeting of Friday, July 15, 1994. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission approved the Minutes of the Regular Meeting of Friday, July 15, 1994. 1 COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF FRIDAY, JULY 15, 1994 South Bend Redevelopment Commission Regular Meeting - August 5, 1994 3. APPROVAL OF CLAIMS Redevelopment Commission Claims submitted August 5, 1994, for approval. ADMIN 1994 (212) John March (Petty Cash) $ 66.49 Federal Express $ 135.00 Clyde E. Williams & Associates $ 312.50 Kinko's National $ 2.95 National Main Street Center $ 5.00 Tri- County News $ 44.31 General Fund (printing) $ 1,398.73 Visa/NBD Skokie Bank, N.A. $ 9.84 South Bend Tribune $ 48.62 St. Joseph County Recorder $ 175.00 Indiana Michigan Power $ 6.65 Audio Transcripts, Ltd. $ 91.00 Peirce & Associates $ 125.00 IL United Parcel Service $ 9.00 AIRPORT TIF REVENUE (324) Coldwell Banker Anchor Commercial Division $ 5,040.00 SAMPLE- EWING DEVELOPMENT AREA (414) Germaine & Anthony Lee $ 1,050.00 Ethel Nyikos $28,814.95 Ethel Nyikos #2 $11,085.00 Violet Barry $ 832.63 Thomas General Construction $ 710.00 Benny J. & Retta Kirk $ 2,660.00 Lynn M. Miller as Trustee $10,900.00 Al Kapitan $ 380.00 York Title & Escrow $ 850.00 Forrest V. Fox $14,969.77 Sammy Smith $ 2,625.00 Samual Smith and Tri- County $24,404.32 St. Joseph County Treasurer $ 542.62 tj 14 South Bend Redevelopment Commission Regular Meeting - August 5, 1994 3. APPROVAL OF CLAIMS (Cont.) SAMPLE- EWING DEVELOPMENT AREA (414) Demyers Lee & Frances Lee $20,207.40 Irene M. Hamman $ 462.00 Keith Bryan $ 1,150.00 Leroy Smith $ 2,437.00 Mylinda and Katio Jones and Suburban Homes $21,500.00 Mylinda and Katio Jones $ 1,450.00 Teska & Associates, Inc. $ 7,728.98 James Miller $ 5,250.00 South Bend Water Works $ 123.38 Donald K. Fewell $ 700.00 Indiana Michigan Power $ 74.94 NIPSCO $ 41.64 S.B.C.D.A. T.I.F. GENERAL ACCOUNT (420 Gates Chevy World $ 900.00 Ameritech $ 53.47 Superior Waste System $ 58.00 Indiana Michigan Power $ 702.10 Northern Indiana Public Service Co. $ 10.14 Real Estate Management Corp. $ 402.18 Walker Parking Consultants /Engineers, Inc. $ 5,497.50 Rick Walls $ 2,261.28 McCloskey -Pitts & Associates, Inc. $ 3,500.00 South Bend Water Works $ 8,634.43 Troyer Group, Inc. $ 7,560.00 Upon a motion by Mr. Donoho, seconded by Mr. Faccenda and unanimously carried, the Commission approved the Claims submitted August 5, 1994. 3 COMMISSION APPROVED THE CLAIMS SUBMITTED AUGUST 5, 1994 South Bend Redevelopment Commission Regular Meeting - August 5, 1994 4. COMMUNICATIONS Mrs. Kolata noted that there was a Communication from Trammell Crow which she would like to read at the end of the meeting. 5. OLD BUSINESS a. Commission approval requested for Resolution No. 1277 =roving an application for personal property tax deduction for pMgM located at 1145 -1305 Prairie Avenue in the Sample -Ewing Development Area. (South Bend Scrap and Processing Division) Mrs. Kolata asked that item 5.a. be tabled until a decision has been made on the license ILfor South Bend Scrap and Processing. 6. NEW BUSINESS [A a. Public Hearine on Resolution No. 1279. a Supplemental Appropriation Resolution of the Citv of South Bend Redevelopment Commission. (South Bend Central Development Area) Mrs. Kolata asked that the following items be entered into the record: 1) an affidavit from the South Bend Tribune that the Notice of Hearing was published in the South Bend Tribune on July 15, 1994; and 2) an affidavit from Tri- County News that the Notice of Hearing was published in the Tri- County News on July 15, 1994. There were no objections and the items were entered into the record. 4 ITEM 5.A. WAS TABLED UNTIL A DECISION IS MADE ON THE LICENSE FOR SOUTH BEND SCRAP AND PROCESSING South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) a. continued... Mrs. Kolata explained that Resolution No. 1279 appropriates $1,663,003.59 for debt service and/or lease payments for bond issues in the South Bend Central Development Area. Mr. Piasecki opened the Public Hearing for anyone who wished to be heard. There was no one who wished to speak. Mr. Piasecki closed the Public Hearing. b. Commission approval requested for Resolution No. 1279. ILI Upon a motion by Mr. Donoho, seconded by Mr. Faccenda and unanimously carried, the Commission approved Resolution No. 1279, a Supplemental Appropriation Resolution of the City of South Bend Redevelopment Commission. (South Bend Central Development Area) c. Receipt of Bids for property in the Sample - Ewing Development Area. (207 E. Ohio, Key # 18 -7001 -0039) Mrs. Kolata noted that one bid was received for this property. The bid was from the owner of the west half of lot number 3 as shown in the recorded plat of Adam J. Baker's First Addition to the City of South Bend, and is located at 201 E. Ohio. The owner of 201 E. Ohio offers to trade it for the property at 207 E. Ohio. If acquired, the owner will use 207 E. Ohio with his 5 PUBLIC HEARING ON RESOLUTION NO. 1279 COMMISSION APPROVED RESOLUTION NO. 1279, A SUPPLEMENTAL APPROPRIATION RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION (SOUTH BEND CENTRAL DEVELOPMENT AREA) 14 South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) c. continued... business and building immediately north of 207 E. Ohio. The owner of the property is Philip Magaldi. He runs a business located on Sample Street. 207 E. Ohio is immediately behind his business. The minimum bid price on the lot is $325. We have offered $350 for his property at 201 E. Ohio. The staff recommends accepting the offer of trade. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission accepted the offer of trade from Philip Magaldi, trading the property at 201 E. Ohio for the property at 207 E. Ohio in the Sample -Ewing Development Area. d. Commission approval requested for Loan in connection with the Roof Loan Program for property located at 237 N. Wellington. (Mary F. Jackson) Mrs. Kolata noted that the loan to Mary Jackson is in the amount of $3,300 at 0% interest for 10 years. The monthly payment is $27.50. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission approved the Loan in connection with the Roof Loan Program for property located at 237 N. Wellington (Mary F. Jackson) C.1 COMMISSION ACCEPTED THE OFFER OF TRADE FROM PHILIP MAGALDI, TRADING THE PROPERTY AT 201 E. OHIO FOR THE PROPERTY AT 207 E. OHIO IN THE SAMPLE - EWING DEVELOPMENT AREA COMMISSION APPROVED THE LOAN IN CONNECTION WITH THE ROOF LOAN PROGRAM FOR PROPERTY LOCATED AT 237 N. WELLINGTON (MARY F. JACKSON) South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) e. Commission approval requested for Loan in connection with the Roof Loan Program for property located at 2216 S. Leer Street. (Christina Pace) Mrs. Kolata noted that the loan to Christina Pace is in the amount of $3,950 at 0% interest for 10 years. Monthly payments will be $32.91. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission approved the Loan in connection with the Roof Loan Program for property located at 2216 S. Leer Street. (Christina Pace) Mrs. Kolata asked permission to add three items to the Commission Agenda: a proposal from ATEC Associates, a staff report on disposition of property in the Sample -Ewing Development Area, and a report on acquisition of land in the Sample -Ewing Development Area. There were no objections and items 6.r., 6.s., and 6.t. were added. f. Commission approval requested for Certificate of Waiver for property located at 717 E. Broadway. (Housing Development Corporation) Mrs. Kolata explained that the Housing Development Corporation has a Rental Rehab Loan on the property at 717 E. Broadway. Under the Rental Rehab Loan Program, 10 % of a loan may be forgiven each year if certain conditions are met. 7 COMMISSION APPROVED THE LOAN IN CONNECTION WITH THE ROOF LOAN PROGRAM FOR PROPERTY LOCATED AT 2216 S. LEER STREET. (CHRISTINA PACE) South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) f. continued... Among those conditions are maintaining the property to Code, keeping taxes paid up to date, keeping the property insured, and making the property available to low and moderate income tenants. This Certificate of Waiver forgives $870 per year for the six years beginning July 28, 1989 through July 28, 1994. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission approved the Certificate of Waiver in the amount of $870 per year for July 28, 1989 through July 28, 1994 to the IL Housing Development Corporation for property located at 717 E. Broadway. [A g. Commission approval requested for Certificate of Waiver for property located at 901, 905, and 909 Lincolnway West. (Housing Development Corporation) Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission approved the Certificate of Waiver in the amount of $4,500 per year for May 30, 1993 and 1994 to the Housing Development Corporation for property located at 901, 905, and 909 Lincolnway West. h. Commission approval requested for Proposal from ATEC Associates, Inc. for professional services in the Sample -Ewing Development Area. (Midas Muffler and Main Muffler) COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN THE AMOUNT OF $870 PER YEAR FOR JULY 28, 1989 THROUGH JULY 28, 1994 TO THE HOUSING DEVELOPMENT CORPORATION FOR PROPERTY LOCATED AT 717 E. BROADWAY COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN THE AMOUNT OF $4,500 PER YEAR FOR MAY 30, 1993 AND 1994 TO THE HOUSING DEVELOPMENT CORPORATION FOR PROPERTY LOCATED AT 901, 905, AND 909 LINCOLNWAY WEST ILI South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) h. continued... Mrs. Kolata explained that ATEC Associates would provide a Phase I environmental site assessment of both locations for a lump sum figure of $2,500. We have used the services of ATEC in the past and have been very satisfied with their services. The staff recommends accepting the proposal. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission accepted the proposal from ATEC Associates for professional services in the Sample -Ewing Development Area. IL i. Commission approval requested for Proposal from ATEC Associates, Inc. for professional services in the Sample -Ewing Development Area. (Avanti site) D Mrs. Kolata explained that the Commission had the Avanti site tested previously. Four monitoring wells were placed in the ground at that time (two years ago). ATEC Associates has proposed to take new samples from those monitoring wells and compare the results with the previous results to see if there has been any change. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission accepted the Proposal from ATEC Associates for professional services in the Sample -Ewing Development Area. (Avanti Site) 0 COMMISSION ACCEPTED THE PROPOSAL FROM ATEC ASSOCIATES FOR PROFESSIONAL SERVICES IN THE SAMPLE - EWING DEVELOPMENT AREA COMMISSION ACCEPTED THE PROPOSAL FROM ATEC ASSOCIATES FOR PROFESSIONAL SERVICES IN THE SAMPLE - EWING DEVELOPMENT AREA. (AVANTI SITE) South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) j. Commission approval requested for Proposal from Ralph D. Lauver for professional services in the Sample -Ewing Development Area. (NE corner of Indiana and Lafayette) Mrs. Kolata noted that this property is in Block 10 of the Studebaker Corridor. Now that the replat has taken place on that block, we need to have an appraisal done on the property so that we can put it up for sale. Mr. Lauver proposes to do the appraisal for $750. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission accepted the proposal from Ralph D. Lauver for professional services in the Sample -Ewing Development Area. (NE corner of Indiana and Lafayette) k. Commission approval requested for Proposal from Ralph D. Lauver for professional services in the Sample-Ewing Dpment Area. (Disposition Parcel A) Mrs. Kolata noted that Mr. Lauver proposes to do a reuse appraisal on the land in the Sample -Ewing Development Area which we expect will be used for the Parkview Juvenile Center. The cost of the appraisal will be $2,500. Upon a motion by Mr. Donoho, seconded by Mr. Faccenda and unanimously carried, the Commission accepted the Proposal from Ralph D. Lauver for professional services in the Sample -Ewing Development Area. (Disposition Parcel A) 10 COMMISSION ACCEPTED THE PROPOSAL FROM RALPH D. LAUVER FOR PROFESSIONAL SERVICES IN THE SAMPLE - EWING DEVELOPMENT AREA. (NE CORNER OF INDIANA AND LAFAYETTE) COMMISSION ACCEPTED THE PROPOSAL FROM RALPH D. LAUVER FOR PROFESSIONAL SERVICES IN THE SAMPLE - EWING DEVELOPMENT AREA. (DISPOSITION PARCEL A) South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) 1. Filing of Resolution No. 1283 and setting a public hearing for Au sum, 1994 at 10:00 a.m. on Resolution No. 1283. Mrs. Kolata explained that Resolution No. 1283 amends the acquisition list for the Sample -Ewing Development Area by adding two parcels of property. Those properties are the two parcels owned by Frank and Justine Polack. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission accepted Resolution No. 1283 for filing and set a public hearing for August 19, 1994 at 10:00 a.m. on ILI Resolution No. 1283. m. Staff report on acquisition of property in the West Washington- Chapin Development Area. Mrs. Kolata noted that the staff has received two counter offers for the Commission to consider. Both are from Josephine and Leroy Kingsberry. The first is for property located at 202 S. Chapin. The purchase offer was in the amount of $15,200. The counter offer is $22,500. The staff recommends accepting the counter offer. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission accepted the counter offer from Josephine and Leroy Kingsberry in the amount of $22,500 for property located at 202 S. Chapin in the West Washington - Chapin Development Area. 11 COMMISSION ACCEPTED RESOLUTION NO. 1283 FOR FILING AND SET A PUBLIC HEARING FOR AUGUST 19, 1994 AT 10:00 A.M. ON RESOLUTION NO. 1283 COMMISSION ACCEPTED THE COUNTER OFFER FROM JOSEPHINE AND LEROY KINGSBERRY IN THE AMOUNT OF $22,500 FOR PROPERTY LOCATED AT 202 S. CHAPIN IN THE WEST WASHINGTON - CHAPIN DEVELOPMENT AREA South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) m. continued... The second offer is for a vacant lot at 210 - 212 S. Chapin. The original purchase offer was in the amount of $1,900. The counter offer is in the amount of $3,400. The staff recommends accepting the counter offer. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission accepted the counter offer from Josephine and Leroy Kingsberry in the amount of $3,400 for property located at 210 - 212 S. Chapin in the West Washington - Chapin Development Area. ILI n. Commission approval requested for Golf Course Operations and Management Agreement for Blackthorn Golf Course. Ms. Manier explained that the Management Agreement is between the Commission and North American Golf. North American Golf has been our project manager for the construction of Blackthorn Golf Course and have now submitted a proposal under which they propose to operate the golf course for the Commission. The staff has negotiated the terms of the Management Agreement. The Joint Committee of the Airport Authority and the Redevelopment Commission met to discuss the proposal. The document before the Commission today represents the input of the Joint Committee as to how it wishes to see the golf course managed. 12 COMMISSION ACCEPTED THE COUNTER OFFER FROM JOSEPHINE AND LEROY KINGSBERRY IN THE AMOUNT OF $3,400 FOR PROPERTY LOCATED AT 210 - 212 S. CHAPIN IN THE WEST WASHINGTON - CHAPIN DEVELOPMENT AREA South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) n. continued... The term of the Management Agreement is four and one half years, terminable by either party after three years. North American Golf will staff and run the golf course and all of its attendant facilities. They will be compensated with a fixed annual payment of $6,000 per month ($72,000 per year) plus an incentive component, not to exceed $72,000 per year, based on gross revenues generated by the golf course. In 1995, if gross revenues exceed $1,500,000, North American Golf will receive 10% of any revenues in excess of that amount. The target amount increases over the life of the IL agreement from $1,500,000 to $1,800,000. Those target amounts are estimated to be the break -even points, so there will be no sharing in the revenues until the golf course makes a profit. Break -even includes the Authority's debt service as well as the management fee for North American Golf. North American Golf will prepare an annual plan and budget to present to the Commission for approval prior to each operating season. The Management Agreement with North American Golf includes as attachments the Operations Policies for Blackthorn Golf Course and the Minimum Course Maintenance Standards for Blackthorn Golf Course. Mr. Piasecki asked what the Commission and Redevelopment Authority's relationship 13 South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) n. continued... is related to Blackthorn Golf Course. Ms. Manier responded that the Redevelopment Authority owns the golf course. The Commission is lease- purchasing it. The Airport Authority donated a large portion of the land. As a part of that donation, the Joint Committee was formed to give the Airport Authority a voice in the policies that govern the operation of the course. The Airport Authority will be receiving financial reports on the golf course and will receive a share of the net proceeds after all fees are paid. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission approved the Golf Course Operations and Management Agreement for Blackthorn Golf Course. o. Commission approval requested for Operations Policies for Blackthorn Golf Course. Ms. Manier explained that the Operations Policies is an outline of the day -to -day operations of the golf course, the fees to be charged, etc. Both corporations and individuals may become members of the golf course. An important benefit of membership is the ability to reserve tee times further in advance than would otherwise be the case. Mrs. Kolata noted that corporations ILoccupying Blackthorn Corporate Center will 14 COMMISSION APPROVED THE GOLF COURSE OPERATIONS AND MANAGEMENT AGREEMENT FOR BLACKTHORN GOLF COURSE A G South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) o. continued... automatically receive four free memberships at the golf course. Upon a motion by Mr. Donoho, seconded by Mr. Faccenda and unanimously carried, the Commission approved the Operations Policies for Blackthorn Golf Course. p. Commission approval requested for Minimum Course Maintenance Standards for Blackthorn Golf Course. Ms. Manier explained that this document sets the minimum course maintenance standards for North American Golf to maintain at Blackthorn. Upon a motion by Mr. Donoho, seconded by Mr. Faccenda and unanimously carried, the Commission approved the Operations Policies for Blackthorn Golf Course. q. Commission approval requested for use of redevelopment -owned property at the corner of Washington Street and Walnut Street bX the Berean Seventh -Day Adventist Church until August , 1994. Mrs. Kolata noted that the Berean Seventh - Day Adventist Church has used this property with the Redevelopment Commission's permission for some outdoor meetings and church programs which have been very successful. They would like to continue to use the property for similar meetings through August 15. Dave Norris will make sure they get their insurance extended. 15 COMMISSION APPROVED THE OPERATIONS POLICIES FOR BLACKTHORN GOLF COURSE COMMISSION APPROVED THE OPERATIONS POLICIES FOR BLACKTHORN GOLF COURSE South Bend Redevelopment Commission Regular Meeting - August 5, 1994 6. NEW BUSINESS (Cont.) q. continued... Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission authorized the use of redevelopment owned property at the corner of Washington Street and Walnut Street by the Berean Seventh -Day Adventist Church through August 15, 1994. r. Commission approval requested for Proposal from ATEC Associates. Inc. for professional services in the South Bend Central Development Area. Mrs. Kolata explained that ATEC has proposed to perform a Phase I environmental assessment at the Driesbach property for a lump sum cost of $1,850. We are getting prepared to dispose of the property through the bid process and need to have an environmental assessment. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission accepted the proposal from ATEC Associates for a Phase I environmental assessment of the Driesbach property in the South Bend Central Development Area. s. Staff report on disposition of land in the Sample -Ewing Development Area. (Disposition Parcel No. 18) Mrs. Kolata explained that the Commission owns a parcel of land on the south side of IL Garst between Main and Michigan, also known as 116 W. Garst. It is approximately 34 feet by 89 feet. The minimum bid price was $2,650 for the 3,036 sft. Joseph E COMMISSION AUTHORIZED THE USE OF REDEVELOPMENT OWNED PROPERTY AT THE CORNER OF WASHINGTON STREET AND WALNUT STREET BY THE BEREAN SEVENTH -DAY ADVENTIST CHURCH THROUGH AUGUST 15, 1994 COMMISSION ACCEPTED THE PROPOSAL FROM ATEC ASSOCIATES FOR A PHASE I ENVIRONMENTAL ASSESSMENT OF THE DRIESBACH PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA ILI South Bend Redevelopment Commission Regular Meeting - August 5, 1994 T 7 NEW BUSINESS (Cont.) s. continued... Gorney, who owns the property immediately adjacent to this parcel, has submitted a proposal in the amount of $1,000 for the property. He proposes to improve the lot as a parking area for his business. He plans to plant six ornamental trees. Upon a motion by Mr. Donoho, seconded COMMISSION ACCEPTED THE PROPOSAL by Mr. Faccenda and unanimously carried, FROM JOSEPH GORNEY FOR DISPOSITION the Commission accepted the proposal from PARCEL NO. 18 IN THE SAMPLE -EWING Joseph Gorney for Disposition Parcel No. 18 DEVELOPMENT AREA in the Sample -Ewing Development Area. t. Staff report on acquisition of property in the Sample -Ewing Development Area. Mrs. Kolata noted that the staff received a counter offer from Peter Mattheos, owner of Main Muffler Shop. The original purchase offer was in the amount of $219,190 several pieces of property making up the Main Muffler site. The counter offer is in the amount of $250,000. The staff recommends accepting the counter offer. Upon a motion by Mr. Faccenda, seconded by Mr. Donoho and unanimously carried, the Commission accepted the counter offer in the amount of $250,000 for the property owned by Peter Mattheos (Main Muffler Shop) in the Sample -Ewing Development Area. PROGRESS REPORTS Mrs. Kolata reported that Stephenson Mill Apartments has already rented 20 apartments in the four days they have been available. 17 COMMISSION ACCEPTED THE COUNTER OFFER IN THE AMOUNT OF $250,000 FOR THE MAIN MUFFLER SHOP IN THE SAMPLE - EWING DEVELOPMENT AREA PROJECT REPORTS South Bend Redevelopment Commission Regular Meeting - August 5, 1994 7. PROGRESS REPORTS (Cont.) Mrs. Kolata reported that the staff had received Communication from Sam Gillespie, Trammell Crow Company. The Commission's Contract for Sale of Land with Trammell Crow had certain obligations that needed to be met as of July 31, 1994. Mr. Gillespie has requested a six-month extension from the July 31 date to make the pre - leasing requirements that will allow the office project to move forward. Although activity has increased significantly in the last four months and they have 15 legitimate prospects, they have not yet met the pre - leasing requirements. They continue to be optimistic about this project and expect to finalize the financing shortly. Mrs. Kolata noted that the staff recommends extending the Contract. Upon a motion by Mr. Donoho, seconded by Mr. Faccenda and unanimously carried, the Commission extended the Contract for Sale of Land with Trammell Crow to January 31, 1995. Mrs. Kolata noted that there has been some concern that there is not enough of a market for Class A office space in the downtown to support this project and that the difficulty Trammell Crow has had in pre - leasing is evidence of that. However, Mrs. Kolata noted that there is no large amount of Class A office space available in the downtown. The largest single space available in the downtown is approximately 9,500 sft. Other available space is only 1,000 sft to 3,500 sft. Mr. Wolf commented that presently, in this area, property managers rate their own space ILI and rate it higher than it would be rated by an independent rating system. Most of the office space in the downtown is 25 years old or older. COMMISSION EXTENDED THE CONTRACT FOR SALE OF LAND WITH TRAMMELL CROW TO JANUARY 31, 1995 South Bend Redevelopment Commission Regular Meeting - August 5, 1994 7. PROGRESS REPORTS (Cont.) Although renovated, it is still not the equivalent of Class A office space in Chicago, Indianapolis, or comparable markets from which we hope to entice users. 8. NEXT COMMISSION MEETING The next Regular Meeting of the Redevelopment Commission is scheduled for 10:00 a.m. August 19, 1994. 9. ADJOURNMENT [J There being no further business to come before the Redevelopment Commission, Mr. Donoho made a motion that the meeting be adjourned. Mr. Faccenda seconded the motion and the meeting was adjourned at 11:30 a.m. Paula N. Auburn, President 19 NEXT COMMISSION MEETING ADJOURNMENT Ann E. Kolata, Director