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HomeMy WebLinkAboutSM 05-26-95SOUTH BEND REDEVELOPMENT COMMISSION SPECIAL MEETING May 26, 1995 1308 County -City Building 9:00 a.m. 227 W. Jefferson Boulevard Presiding: Philip J. Faccenda South Bend, Indiana President 1. ROLL CALL Members Present: Mr. Philip J. Faccenda, President Mr. Robert W. Hunt, Secretary Mr. Michael Donoho Mr. William P. Hojnacki Members Absent: Ms. Paula N. Auburn, Vice President Legal Counsel: Ms. Jenny Pitts Manier Redevelopment Staff: Mrs. Cheryl Phipps, Recording Secretary Mr. James Riggs, Economic Dev. Specialist Media: Mr. Thom Howell, U -93 Mr. Donald Porter, South Bend Tribune Mr. Norm Stangland, WSBT -TV Others: Mayor Joseph E. Kernan Mr. Bruce Bancroft, Barnes & Thornburg There were no Minutes. THERE WERE NO MINUTES 3. APPROVAL OF CLAIMS There were no Claims. THERE WERE NO CLAIMS 4. COMMUNICATIONS There were no Communications. THERE WERE NO COMMUNICATIONS se South Bend Redevelopment Commission Special Meeting - May 26, 1995 5. OLD BUSINESS There was no Old Business. 6. NEW BUSINESS a. Commission approval requested for Resolution No. 1347 accepting the transfer of real property from the South Bend Redevelopment Authority. Ms. Manier explained that the Airport Authority conveyed approximately 15 acres of land in the Airport Economic Development Area to the Redevelopment Authority several years ago. The Redevelopment Authority approved the transfer of that land to the Redevelopment Commission at its May 24, 1995 meeting. Resolution No. 1347 accepts the transfer of that property. Upon a motion by Mr. Hcjnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved Resolution No. 1347 accepting the transfer of real property from the South Bend Redevelopment Authority. b. Staff report on disposition of property in the Airport Economic Development Area. Mr. Riggs noted that the Redevelopment Commission has received a proposal to purchase and develop the land the Commission just accepted from the Redevelopment Authority. He read the staff report on the project. The property is located within the Blackthorn -2- THERE WAS NO OLD BUSINESS COMMISSION APPROVED RESOLUTION NO. 1347 ACCEPTING THE TRANSFER OF REAL PROPERTY FROM THE SOUTH BEND REDEVELOPMENT AUTHORITY South Bend Redevelopment Commission Special Meeting - May 26, 1995 6. NEW BUSINESS b. continued... Development Area. The applicant, Midwest Land Company, of New York, New York, is proposing to purchase the 11.2 acre Lot 1 of the First Blackthorn Industrial minor subdivision for $168,300, or $15,000 per acre. As part of the land purchase, the Company would develop a 100,000 sq.ft. printing facility, which would employ 100 -150 people. The proposed development would generate between $6- 8 million of private investment. The facility would be linked via satellite to the company's other facilities across the country. The Company expects construction on the printing facility will begin before the end of this year. A four party agreement has been arranged between Midwest Land Company, the City of South Bend, the Indiana Department of Commerce and Indiana Michigan Power to complete necessary improvements to the site. Midwest Land Company's participation in the infrastructure project is estimated to be an additional $7,500 per acre. These added infrastructure expenses brings the Company's cost to acquire the property to $22,500 per acre. The proposal requests that the Commission continue the Nimtz Parkway right of way improvements currently in place in the Corporate Park area -3- South Bend Redevelopment Commission Special Meeting - May 26, 1995 6. NEW BUSINESS b. continued... (landscaping and lighting) along the front of the development site. The Commission is also being requested to landscape the remainder of the larger 16 acre parcel at a cost not to exceed $10,000. This landscaping will be maintained by the Company. The Company will be seeking both real and personal property tax abatements for the project. The completed proposal forms and the required 10 % faithful performance guaranty in the amount of $17,000 have been submitted to Redevelopment staff for review. Staff recommends acceptance of the proposal as submitted. Mr. Bancroft, representing Midwest Land Company, stated that his client chose South Bend for this relocation/expansion because of a number of factors: its Toll Road access, its quality of life, it's relatively low cost of living, and the cooperative people. He commended the staff, Project Future, Indiana Michigan Power, the St. Joseph County Airport Authority and the State of Indiana for their assistance in working out the details necessary to make this project happen. Mr. Faccenda noted that the goal of Blackthorn Development Area is to bring business in from outside the community, not just move South Bend businesses to -4- South Bend Redevelopment Commission Special Meeting - May 26, 1995 6. NEW BUSINESS b. continued... it. This project is a leading example of that. Mr. Faccenda noted that since he has a contractual arrangement with Barnes & Thornburg, he will not be voting on this item. Upon a motion by Mr. Hunt, seconded by Mr. Hcjnacki and unanimously carried, the Commission accepted the proposal from Midwest Land Company for Lot 1 of the First Blackthorn Industrial Minor Subdivision in the Airport Economic Development Area. Mayor Kernan expressed his appreciation for the work of the staff, particularly Jenny Pitts Manier and James Riggs. Although the project has been a long time in the works, there has been a lot of work necessary in the last couple of weeks to get to this point today. 7. PROGRESS REPORTS There were no progress reports. 8. NEXT COMNUSSION MEETING The next Regular Meeting of the Redevelopment Commission is scheduled for June 2, 1995 at 10:00 a.m. -5- COMMISSION ACCEPTED THE PROPOSAL FROM MIDWEST LAND COMPANY FOR LOT 1 OF THE FIRST BLACKTHORN INDUSTRIAL MINOR SUBDIVISION IN THE AIRPORT ECONOMIC DEVELOPMENT AREA NEXT COMMISSION MEETING South Bend Redevelopment Commission Special Meeting - May 26, 1995 9. ADJOURNMENT There being no further business to come before the Redevelopment Commission, Mr. Donoho made a motion that the meeting be adjourned. Mr. Hojnacki seconded the motion and the meeting was adjourned at 9:15 a.m. Philip I Fact d President M ADJOURNMENT - C li- Ann E. Kolata, Director