HomeMy WebLinkAboutRM 04-21-95SOUTH BEND REDEVELOPMENT CONMUSSION
k-- REGULAR MEETING
April 21, 1995 1308 County -City Building
10:00 a.m. 227 W. Jefferson Boulevard
Presiding: Paula N. Auburn South Bend, Indiana
Vice- President
1. ROLL CALL
Members Present: Ms. Paula N. Auburn, Vice - President
Mr. Robert W. Hunt, Secretary
Mr. Michael Donoho
Mr. William P. Hojnacki
Members Absent: Mr. Philip J. Faccenda, President
Legal Counsel: Ms. Jenny Pitts Manier
Redevelopment Staff: Mrs. Ann Kolata, Director
Mrs. Cheryl Phipps, Recording Secretary
Mr. James Riggs, Economic Dev. Specialist
Business Assistance Staff: Mr. Michael Beitzinger, Economic Dev. Specialist
Media: Mr. Thom Howell, U -93
Mr. Donald Porter, South Bend Tribune
Others: Mr. Carter Wolf, Center City Associates
Mr. Frank Perri, The Holladay Corporation
Mr. Thomas Sheehan, Coldwell Banker - Anchor
Mr. Lee Heppenheimer, Coldwell Banker - Anchor
Mr. George McMeekan, Corporate Services
Mr. Melvin Hartz, Mack Tool & Engineering
Ms. Sandra Hartz, Mack Tool & Engineering
Ms. Auburn noted that the Executive Sesssion will continue immediately following adjournment of the
Regular Meeting.
2. APPROVAL OF MINUTES
a. Approval of Minutes of the Special
Informal Meeting of Monday, April 3,
1995.
L
South Bend Redevelopment Commission
gular Meeting - April 21, 1995
2. APPROVAL OF MINUTES (Cont.)
a. continued...
Upon a motion by Mr. Hunt, seconded by
Mr. Hojnacki and unanimously carried, the
Commission approved the Minutes of the
Special Informal Meeting of Monday,
April 3, 1995.
b. Approval of Minutes of the Regular
Meeting of Friday, April 7, 1995.
Upon a motion by Mr. Donoho, seconded by
Mr. Hunt and unanimously carried, the
Commission approved the Minutes of the
Regular Meeting of Friday, April 7, 1995.
COMMISSION APPROVED THE MINUTES OF
THE SPECIAL INFORMAL MEETING OF
MONDAY, APRIL 3, 1995
COMMISSION APPROVED THE MINUTES OF
THE REGULAR MEETING OF FRIDAY,
APRIL 7, 1995
3. APPROVAL OF CLAIMS
Redevelopment Commission Claims submitted April 21, 1995 for approval.
ADT Security Systems, Inc.
$
1,136.88
National Development Council
$
715.50
ULI Urban Land Institute
$
475.00
Sprint Cellular
$
139.08
Business Systems
$
21.18
Petty Cash
$
49.48
York Title & Escrow, Inc.
$
50.00
Ralph D Lauver, MAI
$
3,500.00
Douglas Carpenter
$
1,300.00
Engineering
$
200.70
SAMPLE - EWING DEVELOPMENT AREA (414)
St. Joseph County Clerk $ 62,400.00
Inez M. King & Notre Dame Legal Aid Clinic $ 37, 878.10
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jr� South Bend Redevelopment Commission
'0r'--9,pgular Meeting - April 21, 1995
%O� -
3. APPROVAL OF CLAWS (Cont.)
SAMPLE- EWING DEVELOPMENT AREA-(414)
continued...
St. Joseph County Treasurer
$
614.32
Irene A. Stewart Foy
$
1 ffl9.12
York Title & Escrow, Inc.
$
500.00
Indiana Michigan Power Co.
$
21.53
Tri County News
$
46.90
Lucy Ann Harris
$
12,975.42
Lucy Ann Harris and First Source Bank
$
4,078.04
T�son & Tori Love & The Holladay Corp.
$
6,204.00
Tyson & Thri Love
$
1,776.00
Petty Cash
$
419.00
Thelma E. Allison
$
13,694.76
St. Joseph County Treasurer #1
$
305.24
Joe E. Fennessee
$
1,792.12
St. Joseph County Treasurer #2
$
82.88
Carey Payton
$
1,493.96
St. Joseph County Treasurer #3
$
106.04
Martin Henderson and Helen Louise Henderson
$
4,541.49
St. Joseph County Treasurer #4
$
716.01
Martin Henderson & Helen Louise Henderson and
the Department of Code Enforcement
$
2,492.50
Upon a motion by Mr. Donoho, seconded by COMMISSION APPROVED T14E CLAIMS
Mr. Hcjnacki and unanimously carried, the SUBMITTED APRIL 21, 1995
Commission approved the Claims submitted
April 21, 1995.
4. CONEWUNICATIONS
There were no Communications. T14ERE WERE NO COMMUNICATIONS
Mrs. Kolata asked permission to consider item 6.a. at
this time. There was no objection and the agenda was
reordered.
0
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South Bend Redevelopment Commission
vFgular Meeting - April 21, 1995
6. NEW BUSEWSS
a. Staff report on disposition of property
in the Airport Economic Development
Area.
Mr. Riggs noted that the Commission
has received a proposal from Toll Road
Industrial Partners to purchase Lot 3 of
k
the Toll Road Industrial Park. They
j propose to construct a 100,000 sq. ft.
expansion of their existing 225,000 sq.
o ft. distribution facility. The proposed
building would be separate from the
existing facility, connected only by a
covered drive. Construction of the
proposed facility is expected to begin in
April 1997, with project completion
scheduled for October 1997.
The proposal includes the purchase of
the approximately 4.8 acre Lot 3 at a
purchase price of $96,000, or $20,000
per acre. The required 10% faithful
performance guaranty was included with
the proposal.
After completion of the proposed
expansion project, Tech Data expects to
employ over 250 people. The South
Bend facility is now the largest Tech
Data facility outside its corporate
headquarters in Clearwater, Florida.
Mr. Riggs noted that since the start of
operations in South Bend last summer,
Tech Data has become the largest UPS
customer in the area.
The Staff recommends approval of the
I above described proposal. However,
7
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South Bend Redevelopment Commission
gular Meeting - April 21, 1995
6. NEW BUSINESS (Cont.)
5.
a. continued ...
this approval should be contingent upon
a commitment from the Toll Road
Industrial Partners to enhance the
existing landscaping on the Tech Data
site.
Mr. Perri noted that the local manager
for Tech Data said that he is very happy
with the employment picture here. They
have found enough applicants to fill the
kinds of jobs he needs — warehouse as
well as others. They intend to start
assembling some computers before
shipping as well as making up some kits
for building computers.
Mrs. Kolata noted that the start of
construction for this project is further off
than the Commission would normally
allow. That is tied to Tech Data wanting
to give this "Configuration Center" a one
year trial period before they make the
decision to build.
Upon a motion by Mr. Hojnacki,
seconded by Mr. Donoho and
unanimously carried, the Commission
accepted the Proposal from Toll Road
Industrial Partners for Lot 3 in the Toll
Road Industrial Park.
OLD BUSINESS
a. Commission approval requested for
Resolution No. 1337 approving the
Fair Re -use Value of Property in the
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COMMISSION ACCEPTED THE PROPOSAL
FROM TOLL ROAD INDUSTRIAL PARTNERS
FOR LOT 3 IN THE TOLL ROAD INDUSTRIAL
PARK
-
South Bend Redevelopment Commission
IW gular Meeting - April 21, 1995
5. OLD BUSINESS (Cont.)
a. continued...
South Bend Central Development
Area. (122 S. Michigan Street)
Mrs. Kolata noted that items 5.a., 5 . b,
and 5.c. are all related to putting the
CCA Building up for bid. We are
interested in seeing that the building be
developed as retail space since it is next
to the College Football Hall of Fame.
There has been some interest expressed
in having some small shops near the Hall
of Fame. Center City Associates has
worked with The Troyer Group to
develop some concepts for the building
using the north wall as well as the west
wall for storefronts. The successful
bidder would do all of the rehabilitation
of the building and would hold a long
term lease for the building.
Bid specifications require using the first
floor for retail or restaurant use and
either office or retail on the second and
third floors. The specifications include
designing the north wall with a "Main
Street" facade with each storefront
having its own unique character. Mrs.
Kolata noted that the staff does not want
to lease the building for use in its current
condition, we want to lease it with the
requirement that it be improved.
Resolution No. 1337 establishes the
annual lease rate at $6,650, based on
appraisals we've received. The proposed
re-use is retail/office.
El
South Bend Redevelopment Commission
gular Meeting - April 21, 1995
5. OLD BUSINESS (Cont.)
a. continued...
Upon a motion by Mr. Hojnacki,
seconded by Mr. Donoho and
unanimously carried, the Commission
approved Resolution No. 1337 approving
the Fair Re -use Value of Property in the
South Bend Central Development Area.
(122 S. Michigan Street)
b. Commission approval requested for
Bid Specifications and Design
Considerations for Parcel C4-27 in the
South Bend Central Development
Area.
Upon a motion by Mr. Donoho,
seconded by Mr. Hojnacki and
unanimously carried, the Commission
approved the Bid Specifications and
Design Considerations for Parcel C4 -27
in the South Bend Central Development
Area.
C. Commission authorization requested to
publish Notice of Intended Lease of
Property with publication dates of
April 28 and May 5, 1995 and Receipt
of Bids to be 10:00 a.m., May 19,
1995.
Upon a motion by Mr. Donoho,
seconded by Mr. Hojnacki and
unanimously carried, the Commission
authorized publication of the Notice of
Intended Lease of Property with
publication dates of April 28 and May 5,
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COMMISSION APPROVED RESOLUTION
NO. 1337 APPROVING THE FAIR RE -USE
VALUE OF PROPERTY IN THE SOUTH BEND
CENTRAL DEVELOPMENT AREA. (122 S.
MICHIGAN STREET)
COMMISSION APPROVED THE BID
SPECIFICATIONS AND DESIGN
CONSIDERATIONS FOR PARCEL C4 -27 IN
THE SOUTH BEND CENTRAL
DEVELOPMENT AREA
COMMISSION AUTHORIZED PUBLICATION
OF THE NOTICE OF INTENDED LEASE OF
PROPERTY WITH PUBLICATION DATES OF
APRIL 28 AND MAY 5, 1995 AND RECEIPT
OF BIDS TO BE 10:00 A.M., MAY 19, 1995
South Bend Redevelopment Commission
regular Meeting - April 21, 1995
5. OLD BUSINESS (Cont.)
C. continued...
1995 and Receipt of Bids to be
10:00 a.m., May 19, 1995.
d. Commission approval requested for
Proposal from Design Packaging, Inc.
for property in the Sample -Ewing
Development Area.
Item 5.d. was tabled until the May 5
meeting.
e. Commission ratification requested for
submission of tax abatement petition on behalf
of Design Packaging, Inc.
Item 5.e. was tabled until the May 5 meeting.
6. NEW BUSINESS (Cont.)
b. Commission approval requested for
Resolution No. 1338 approving an
application for real property tax
deduction for property located at 5681
West Cleveland Road in the Airport
Economic Development Area.
(Corporate Services Inc.)
Mr. Beitzinger read the staff report on
the project. Corporate Services is in the
business of creating and printing mailing
lists and labels, laser printing of letters,
certificates of achievement, and the
collating, inserting and assembly of
binders and other printed materials.
Their project calls for the construction of
a 24,000 square foot addition to their
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ITEM 5.D. WAS TABLED UNTIL THE MAY 5
MEETING
ITEM S.E. WAS TABLED UNTIL THE MAY 5
MEETING
South Bend Redevelopment Commission
gular Meeting - April 21, 1995
6. NEW BUSINFSS (Cont.)
b. continued ...
20,000 square foot building. The
building addition will allow the company
to grow in both sales and employee base.
The efficiencies gained by the new
addition will enable the company to
become more competitive in a highly
competitive marketplace. The total
projected cost of the building addition is
estimated to be $525,000.
The project will create between eight and
ten (8 -10) new permanent jobs within the
first year representing an annual payroll
of $195,000 and will maintain eighteen
(18) existing permanent full time and
ten (10) existing part time jobs with an
ILI annual payroll of $500,000.
The petitioner was granted a real
property tax abatement on February 28,
1994. The property is not located in a
'Pax Abatement Impact Area. However,
it is located in the Airport Economic
Development Area, which is a Tax
Incremental Financing Allocation Area,
therefore the petition must first be
approved by the South Bend
Redevelopment Commission. The
project qualifies for six years of real
property tax abatement under the Tax
Abatement Ordinance.
Without abatement, the taxes resulting
from the project would be approximately
$158,773. With abatement, the taxes are
estimated to be approximately $65,626.
in
South Bend Redevelopment Commission
regular Meeting - April 21, 1995
6. NEW BUSINESS (Cont.)
b. continued ...
Therefore, the cost of the abatement is
estimated to be approximately $93,147
over the six year period.
George McMeekan noted that Corporate
Services began operations in September
1993 on Monroe Street. They moved
into their new facility in August 1994.
They are now leasing space until they
can expand their facility. They will be
more than doubling the size of their
building.
Upon a motion by Mr. Hunt, seconded
by Mr. Donoho and unanimously
carried, the Commission approved
Resolution No. 1338 approving an
application for real property tax
deduction for property located at 5681
W. Cleveland Road in the Airport
Economic Development Area. (Corporate
Services)
C. Commission approval requested for
Resolution No. 1339 approving an
application for personal property tax
deduction for property located at 2820
Vh idian Drive in the Airport
Economic Development Area. (Mack
Tool & Engineering, Inc.)
Mr. Beitzinger read the staff report on
the project. Mack Tool & Engineering
is a precision machine shop which
manufactures prototype and experimental
parts primarily for use in the medical
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COMMISSION APPROVED RESOLUTION
NO 1338 APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCHON FOR
PROPERTY LOCATED AT 5681 W.
CLEVELAND ROAD IN THE AIRPORT
ECONOMIC DEVELOPMENT AREA.
(CORPORATE SERVICES)
South Bend Redevelopment Commission
gular Meeting - April 21, 1995
6. NEW BUSINESS (Cont.)
C. continued ...
and aerospace industries. Their project
calls for the purchase of 5 CNC Vertical
Machining Centers, 3 Standard Mills, 1
CNC Horizontal Machining Center and
CNC Turning Center. The new
equipment is necessary to meet present
and future customer demand. The
estimated value of the equipment is
$601,000.
It is estimated that this project will create
4 new, permanent jobs within the first
year, representing an annual payroll of
$165,000 and will maintain thirty-two
(32) existing permanent full-time and no
-row* permanent part-time jobs with an annual
payroll of $1,353,518.
The petitioner has been granted several
previous abatements, they are as follows:
a. Real property abatement on February
12, 1990, resolution #1767 -90.
b. Personal property abatement on
February 12, 1990, resolution #1768-
90.
c. Personal property abatement on
December 14, 1992, resolution
#1977 -92
The petitioner is in compliance with the
reporting requirements for each of the
previous abatements. The property is
not located in a Tax Abatement Impact
Area. It is, however, located in the
Airport Economic Development Area,
which is a Tax Incremental Financing
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i
South Bend Redevelopment Commission
Inv
gular Meeting - April 21, 1995
6. NEW BUSINESS (Cont.)
in
C. continued ...
Allocation Area, therefore, the petition
for personal property tax abatement first
requires the approval of the South Bend
Redevelopment Commission. The
project qualifies for five years of
personal property tax deduction under
the Tax Abatement Ordinance.
Without abatement, the project would
generate taxes of approximately $58,768.
With abatement, the taxes will be
approximately $10,421. Therefore, the
cost of the abatement will be
approximately $48,347 over the five year
period.
Mel Hartz, owner of Mack Tool, noted
that they began operation in May 1988.
They have grown and expanded several
times since then. They have three
major, diversified customers.
Upon a motion by Mr. Donoho,
seconded by Mr. Hojnacki and
unanimously carried, the Commission
approved Resolution No. 1349 approving
an application for personal property tax
deduction for property located at 2820
Viridian Drive in the Airport Economic
Development Area. (Mack Tool &
Engineering)
d. Commission approval requested for
Resolution No. 1340 approving an
application for real property tax
deduction for property located in the
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COMMISSION APPROVED RESOLUTION
NO. 1349 APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
FOR PROPERTY LOCATED AT 2820 VIRIDIAN
DRIVE IN THE AIRPORT ECONOMIC
DEVELOPMENT AREA. (MACK TOOL &
ENGINEERING)
t South Bend Redevelopment Commission
gular Meeting - April 21, 1995
6. NEW BUSEWSS (Cont.)
d. continued ...
Sample -Ewing Development Area.
(Design Packaging, Inc.)
Item 6.d. was tabled until the May 5
meeting.
e. Commission approval requested for
Resolution No. 1341 approving an
application for personal property tax
deduction for property located in the
Sample -Ewing Development Area.
(Design Packaging, Inc.)
Item 6.e. was tabled until the May 5
meeting.
f. ComnA%ion approval requested for
Proposal from Pitcock Design Group
for professional services in the Airport
Economic Development Area.
Mrs. Kolata explained that Pitcock has
submitted a proposal to design a
billboard on the Toll Road for
Blackthorn Golf Course and Blackthorn
Corporate Park. The cost will be shared
50/50 between the two entities, but part
of the Corporate Park's share is to pay
for the design. Pitcock Design Group
designed the brochure for the corporate
park. It is possible to "buy" the design,
but the staff recommends purchasing the
right to use the design for a year. If we
feel it is a good investment, well buy it
after that. The cost of using the
billboard design for one year is $1,500.
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ITEM 6.D. WAS TABLED UNTIL THE MAY 5
MEETING
ITEM 6.E. WAS TABLED UNTIL THE MAY 5
MEETING
South Bend Redevelopment Commission
-Wlar Meeting - April 21, 1995
6. NEW BUSINESS (Cont.)
f. continued ...
Upon a motion by Mr. Hojnacki,
seconded by Mr. Donoho and
unanimously carried, the Commission
approved the Proposal from Pitcock
Design Group for professional services
in the Airport Economic Development
Area.
g. Commission approval requested for
Lease with Burkhart Advertising, Inc.
for property at 916 South Michigan
Street in the Sample -Ewing
Development Area.
Mrs. Kolata explained that Burkhart
Advertising has a billboard located
ILbetween Midas and Main Muffler on a
piece of property that Burkhart also
owns. As part of our negotiations to buy
that lot from Burkhart, they asked that
we try to find a replacement location for
the billboard. The lot it will be moved
to is just north of Pleasureland Museum.
The term of the lease is ten years,
beginning June 1, 1995. Burkhart will
pay $600 per year in rent. One of the
provisions of the lease gives us the right
to terminate the lease upon 30 days
notice. This lot, along with the property
where Pleasureland Museum is located,
will be offered for disposition with the
billboard on the lot. If a potential
developer refuses to have it there, we
will have the right to terminate the lease.
However, if we do that within the first
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COMMISSION APPROVED THE PROPOSAL
FROM PITCOCK DESIGN GROUP FOR
PROFESSIONAL SERVICES IN THE AIRPORT
ECONOMIC DEVELOPMENT AREA
South Bend Redevelopment Commission
A >..
gular Meeting - April 21, 1995
6. NEW BUSINESS (Cont.)
ki-
g. continued ...
seven years, we need to pay a
depreciated amount each year.
Mrs. Kolata also noted that the lease
stipulates that we will enforce a 25 -foot
building set -back to meet zoning
regulations and allow visibility to the
billboard.
Upon a motion by Mr. Hunt, seconded
by Mr. Donoho and unanimously
carried, the Commission approved the
Lease with Burkhart Advertising for
property at 916 S. Michigan Street in the
Sample -Ewing Development Area.
h. Commission approval requested for
Proposal from Peirce & Associates for
professional services in the Sample -
Ewing Development Area.
Mrs. Kolata explained that Peirce &
Associates has proposed to do survey
work for property we intend to acquire
east of Fellows Street for part of the
replacement for Dean Johnson Park. In
addition, the proposal includes survey
work for five parcels that we want to put
up for disposition. Peirce proposes to
complete the first five items within 30
days. There is not an immediate need
for the other surveys and we will work
with Peirce on teh timetable for them.
The total amount of the contract is
$14,160.
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COMMISSION APPROVED THE LEASE WITH
BURKHART ADVERTISING FOR PROPERTY
AT 916 S. MICHIGAN STREET IN THE
SAMPLE -EWING DEVELOPMENT AREA
South Bend Redevelopment Commission
gular Meeting - April 21, 1995
6. NEW BUSINESS (Cont.)
h. continued ...
Upon a motion by Mr. Donoho,
seconded by Mr. Hunt and unanimously
carried, the Commission approved the
Proposal from Peirce & Associates for
professional services in the Sample -
Ewing Development Area.
i. Commission approval requested for
Proposal from Grauvogel & Associates
for professional services in the Sample -
Ewing Development Area.
Mrs. Kolata noted that the Commission
owns 28 structures that have asbestos
within them that needs to be removed
before they can be demolished. The
Board of Public Works has taken bids
for removal of the asbestos. This
proposal is for monitoring the asbestos
removal and doing final inspection and
paperwork related to its removal. The
fee for this service is an hourly rate for a
total not to exceed $7,770. The staff
recommends accepting the proposal.
Upon a motion by Mr. Hojnacki,
seconded by Mr. Hunt and unanimously
carried, the Commission approved the
Proposal from Grauvogel & Associates
for professional services in the Sample -
Ewing Development Area.
j. Staff report on acquisition of property
in the Sample -Ewing Development
Area.
ter'
ILI -16-
COMMISSION APPROVED THE PROPOSAL
FROM PEIRCE & ASSOCIATES FOR
PROFESSIONAL SERVICES IN THE SAMPLE -
EWING DEVELOPMENT AREA
COMMISSION APPROVED THE PROPOSAL
FROM GRAUVOGEL & ASSOCIATES FOR
PROFESSIONAL SERVICES IN THE SAMPLE -
EWING DEVELOPMENT AREA
South Bend Redevelopment Commission
r., gular Meeting - April 21, 1995
6. NEW BUSINESS (Cont.)
j . continued ...
Mrs. Kolata noted that the staff has
received counter offers for three
properties in the Sample -Ewing
Development Area. The first is from
Thelma E. Allison for residential
property located at 1216'/2 Fellows
Street. The original purchase offer was
in the amount of $10,000. The counter
offer is $14,000. The staff recommends
accepting the offer.
Upon a motion by Mr. Hunt, seconded
by Mr. Donoho and unanimously
carried, the Commission accepted the
counter offer in the amount of $14,000
from Thelma E. Allison for residential
property located at 12161/2 Fellows
Street.
The next counter offer is from Carey
Payton for vacant land located at 1216 S.
Fellows Street. The original purchase
offer was $1,275. The counter offer is
$1,600. The staff recommends accepting
the counter offer.
Upon a motion by Mr. Hunt, seconded
by Mr. Donoho and unanimously
carried, the Commission accepted the
counter offer in the amount of $1,600
from Carey Payton for property located
at 1216 S. Fellows Street.
The next counter offer is from Tmnie
Herron for a vacant lot at the corner of
Pennsylvania and Fellows Street. The
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COMMISSION ACCEPTED THE COUNTER
OFFER IN THE AMOUNT OF $14,000 FROM
THELMA E. ALLISON FOR RESIDENTIAL
PROPERTY LOCATED AT 121616 FELLOWS
STREET
COMMISSION ACCEPTED THE COUNTER
OFFER IN THE AMOUNT OF $1,600 FROM
CAREY PAYTON FOR PROPERTY LOCATED
AT 1216 S. FELLOWS STREET
South Bend Redevelopment Commission
gular Meeting - April 21, 1995
w
6. NEW BUSEWSS (Cont.)
j . continued ...
original purchase offer was $825. The
counter offer is $1,150. The staff
recommends accepting the counter offer.
Upon a motion by Mr. Hunt, seconded
by Mr. Donoho and unanimously
carried, the Commission accepted the
counter offer in the amount of $1,150
from Tmnie Herron for property located
at the corner of Pennsylvania and
Fellows Street.
k. Commission approval requested for
Petition to Vacate Public Right -of -Way
in the Sample -Ewing Development
Area. (New Hope Church)
IL
Mrs. Kolata explained that New Hope
I Church has asked us to submit the
Petition to Vacate the east -west alley
between Ohio and Sample streets as well
as Columbia Street between Carroll and
Fellows. The Commission and New
Hope Church own all of the property
adjacent to these alleys.
Upon a motion by Mr. Donoho,
seconded by Mr. Hojnacki and
unanimously carried, the Commission
authorized its officers to sign the Petition
to Vacate Public Right -of -Way in the
Sample -Ewing Development Area.
1. Commission approval requested for
execution of Corporate Undertaking
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COMMISSION ACCEPTED THE COUNTER
OFFER IN THE AMOUNT OF $1,150 FROM
TINNIE HERRON FOR PROPERTY LOCATED
AT THE CORNER OF PENNSYLVANIA AND
FELLOWS STREET
COMMISSION APPROVED THE PETITION TO
VACATE PUBLIC RIGHT -OF -WAY IN THE
SAMPLE -EWING DEVELOPMENT AREA
South Bend Redevelopment Commission
i di gular Meeting - April 21, 1995
6. NEW BUSINESS (Cont.)
1. continued ...
with Chicago Title Insurance
Company.
Ms. Manier explained that this Corporate
Undertaking is a promise to Chicago
Title Insurance which is underwriting the
title insurance on some of the property
we are acquiring in the Sample -Ewing
Development Area. It is a commitment
to proceed to completion with one of our
condemnations. This is necessary in
order for the title insurance company to
insure our title so that we can transfer
our title to a third party prior to our
completing condemnation. It promises
5 that we will pay whatever judgement
comes from that condemnation. Our title
is not perfectly vested until we do that,
yet we will be transferring our title prior
to that.
Upon a motion by Mr. Hunt, seconded
by Mr. Donoho and unanimously
carried, the Commission approved the
Corporate Undertaking with Chicago
Title Insurance Company.
7. PROGRESS REPORTS
Mrs. Kolata reported that the Central High
School Apartments is holding its grand opening
on April 26.
The first public meeting of the Mansur group to
discuss downtown planning is scheduled for
-19-
COMMISSION APPROVED THE CORPORATE
UNDERTAKING WITH CHICAGO TITLE
INSURANCE COMPANY
PROGRESS REPORM
South Bend Redevelopment Commission
Vw
i gular Meeting - April 21, 1995
7. PROGRESS REPORTS (Cont.)
April 24 from 2:30 p.m. to 5:00 p.m. in the
basement of the St. Joseph Public Library.
8. NEXT COMMISSION MEETING
The next Regular Meeting of the Redevelopment
Commission is scheduled for May 5, 1995 at
10:00 a.m.
9. ADJOURNMENT
There being no further business to come before
the Commission, Mr. Donoho made a motion
that the meeting be adjourned. Mr. Hunt
seconded the motion and the meeting was
adjourned at 10:49 a.m.
g Philip J. �,Onda�,
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I
i
NEXT COMMISSION MEETING
ADJOURNMENT
zl�/
z��" � ZL�&
Ann E. Kolata, Director