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HomeMy WebLinkAboutRM 11-17-95SOUTH BEND REDEVELOPMENT COMNIISSION REGULAR MEETING November 17, 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. William P. Hcjnacki Members Absent: Mr. Philip J Faccenda, President 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. Mary Richmond Ms. Ernestine Ligon Media: Mr. Thom Howell, U -93 Mr. Donald Porter, South Bend Tribune Others: Mr. Carter Wolf, Center City Associates Mr. Brian Montgomery Precision Millwork & Plastics Mr. Kevin Hughes, Project Future Ms. Debbie Roush, Project Future Ms. Auburn announced that the Executive Session will continue immediately following adjournment of the Regular Meeting. 2. APPROVAL OF MINUTES a. Approval of Minutes of the Regular Meeting of Friday, November 3, 1995. -1- South Bend Redevelopment Commission irir Regular Meeting - November 17, 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 Regular Meeting of Friday, November 3, 1995. 3. APPROVAL OF CLAIMS ADMEN 1995 (212) Indiana Michigan Power Co. Sprint Cellular Baker & Daniels Kinko's National York Title & Escrow, Inc. Thomas General Construction Michiana Board Up Services, Inc. Watterud Inc. Day Tuners Inc. MobileComm Tri- County News South Bend Tribune AIRPORT TIF REVENUE (324) South Bend Water Works Pitcock Group, Inc. H. S. Altman Co. SAMPLE - EWING DEVELOPMENT AREA (414) Jim's Used Car c/o Charles J Markanich York Title Escrow Services, Inc. Coldwell Banker EIS Environmental Engineers, Inc. Peirce & Associates M & K Associates, an Indiana Partnership -2- COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF FRIDAY, NOVEMBER 3, 1995 $6.65 $75.21 $1,061.41 $112.97 $210.00 $35.00 $100.00 $291.60 $10.90 $10.00 $53.88 $51.59 $139.40 $3,950.00 $840.44 $770.00 $5,273.00 $500.00 $484.10 $175.00 $21,073.50 South Bend Redevelopment Commission Regular Meeting - November 17, 1995 3. APPROVAL OF CLAIMS (Cont.) S.B.C.D.A. T.I.F. GENERAL ACCOUNT (420) Real Estate Management Corp. N.I.P.S.C.O. Indiana Michigan Power Co. Verkler Construction Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, the Commission approved the Claims submitted November 17, 1995. 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 end of the agenda. They are Loan/Grant applications which were inadvertently omitted from the agenda. There were no objections and items 6.t, 6.u., and 6.v. were added. a. Public Hearing on Resolution No. 1384, a supplemental appropriation resolution of the City of South Bend Redevelopment Commission (Sample -Ewing Development Area) Mrs. Kolata asked that the Affidavits stating that the Notice of Public Hearing was published in both the South Bend Tribune and the Tri- County News on November 3, 1995 be entered into the record. There was -3- $526.52 $14.27 $295.69 $12,227.33 COMMISSION APPROVED THE CLAIMS SUBMITTED NOVEMBER 17, 1995 THERE WERE NO COMMUNICATIONS THERE WAS NO OLD BUSINESS South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) a. continued... no objection and the items were entered into the record. Mrs. Kolata explained that Resolution No. 1384 appropriates $80,000 of tax increment funds from the Sample -Ewing Development Area to be used in the Sample - Ewing Development Area. The funds will primarily be used for design work for the new boulevard which will be built between the Parkview site and the Ivy Tbch site. Ms. Auburn opened the Public Hearing for anyone who wished to speak. There was no one who wished to speak. Ms. Auburn closed the Public Hearing for whatever action the Commission wished to take. b. Commission approval requested for Resolution No. 1384. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved Resolution No. 1384, a supplemental appropriation resolution of the City of South Bend Redevelopment Commission (Sample -Ewing Development Area) C. Receipt of bids for Retail Space in the Palais Royale Building. Mrs. Kolata noted that there were no bids received as of 10:00 a.m. She noted that the staff is still working with someone who -4- PUBLIC HEARING ON RESOLUTION NO. 1384 COMMISSION APPROVED RESOLUTION NO. 1384, A SUPPLEMENTAL APPROPRIATION RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION (SAMPLE -EWING DEVELOPMENT AREA) NO BIDS WERE RECEIVED South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) C. continued... is interested in the space, but they have not submitted a bid at this time. d. Staff report on disposition of property in the South Bend Central Development Area. There was no report. THERE WAS NO REPORT e. Staff report on disposition of property in the Airport Economic Development Area. Mrs. Kolata noted that we have received a proposal for Lot 5 in Phase II of the Toll Road Industrial Park. Mr. Riggs summarized the proposal. Mr. Riggs noted that Lot 5 is located between Crystal Mountain Water and Midwest Embroidery. The proposed purchase price is $74,750 which is $23,000 per acre, the current listing price for the property. Chris Davey submitted the proposal, representing a yet -to -be -named liability company. Cressy & Everett Development Company will be constructing a build -to -suit building for a local firm, Circle International, which is currently located on McGill Street in the Toll Road Industrial Park. Circle International is a business consulting firm which provides local businesses with the means to export their goods and services to overseas markets. This is an expansion of their South Bend facility on McGill Street. Circle -5- South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSEWSS (Cont.) e. continued... International's proposal is to construct a 13,260 square foot building. Of that space, 2,500 square feet will be for office space and the remainder for distribution/warehouse space. The staff recommends accepting the proposal as submitted. Mr. Hojnacki commented that this project appears to offer local firms considerable potential for the future in the international market. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission accepted the proposal from Circle International for Lot 5 in the Toll Road Industrial Park. f. Commission approval requested for Resolution No. 1389 approving an application for personal property tax deduction for property located at 3601 McGill Street in the Airport Economic Development Area. (Precision Millwork & Plastics) Mr. Beitzinger read the staff report on the project. Precision Millwork & Plastics is a manufacturer of custom wood and plastic products, including store displays, boxes and industrial products. Their project calls for the replacement of a panel saw. The saw they are currently using was manufactured in 1965 and is manually operated, slow and inefficient. The new saw will be computer controlled with greater tolerances and H COMMISSION ACCEPTED THE PROPOSAL FROM CIRCLE INTERNATIONAL FOR LOT 5 IN THE TOLL ROAD INDUSTRIAL PARK South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) f. continued... efficiencies. Precision Millwork has indicated that the new saw is critical to maintaining customers and allowing for taking on new projects effectively and efficiently. The total cost of the new equipment is estimated at $75,000. It is estimated that this project will create two (2) new permanent full-time jobs representing an annual payroll of $40,000 and will maintain twelve (12) existing permanent full-time and part-time jobs with an annual payroll of $250,000. A review of the tax abatements previously granted finds that Precision Millwork was granted a three year real property tax abatement. They are in compliance with the reporting requirements for the previous abatement. The building commissioner has reviewed this project and has found the property to be properly zoned for the proposed use. A review of the tax abatement target areas finds that the property is not located in an area presently designated as a Tax Abatement Impact Area and is also located in the Airport Economic Development Area, which is a Tax Incremental Financing Allocation Area. Precision Millwork & Plastics meets the qualifications for a five (5) year personal -7- South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) f. continued... property tax abatement under the Tax Abatement Ordinance. A review of the cost of the abatement shows that, without abatement, the project will generate approximately $7,334 in new taxes over the five year period. With abatement, the project will generate approximately $1,300. Therefore, the cost of the abatement is approximately $6,034 over the five year period. Mr. Montgomery noted that he started this company about five years ago in approximately 1,500 square feet on Miami Street. They currently have about 15,000 square feet in their present facility in the Airport Industrial Park. Their customers have increased to a national market and they must build their products more competitively. This computer controlled equipment is necessary for them to be competitive. Upon a motion by Mr. Hunt, seconded by Mr. Hcjnacki and unanimously carried, the Commission approved Resolution No. 1389 approving an application for personal property tax deduction for property located at 3601 McGill Street in the Airport Economic Development Area. (Precision Millwork & Plastics) COMMISSION APPROVED RESOLUTION NO. 1389 APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 3601 MCGILL STREET IN THE AIRPORT ECONOMIC DEVELOPMENT AREA. (PRECISION MILLWORK &c PLASTICS) South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) g. Commission approval requested for Resolution No. 1390 related to acquisition of property in the Sample -Ewing Development Area by Eminent Domain. Mrs. Kolata explained that the Commission had previously sent purchase offers for three properties that it was interested in purchasing and moving the houses. The Frisons owned one of those properties. They also own these three vacant lots and want to discuss all of the property as part of one transaction. Resolution No. 1390 sets the offering price for the three vacant lots and authorizes the staff to send purchase offers for the three lots. Upon a motion by Mr. Hunt, seconded by Mr. Hcjnacki and unanimously carried, the Commission approved Resolution No. 1390 related to acquisition of property in the Sample -Ewing Development Area by Eminent Domain. h. Commission approval requested for Resolution No. 1391 approving an application for real property tax deduction for property located at the Southwest corner of Nimtz Parkway and Commerce Drive in the Airport Economic Development Area. (H. G. Baus Centre) Mr. Beitzinger read the staff report on the project. Blackthom Nimtz Partners L.P. intends to build an 89,200 square foot manufacturing facility on 10.3 acres in the H.G. Baus Centre Industrial Park for Garphyttan Wire North American -9- COMMISSION APPROVED RESOLUTION NO. 1390 RELATED TO ACQUISITION OF PROPERTY IN THE SAMPLE -EWING DEVELOPMENT AREA BY EMINENT DOMAIN South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) h. continued... Corporation. Garphyttan Wire is a manufacturer of valve spring wire for the automotive industry. State of the art machinery and equipment will be purchased and brought in by Garphyttan for manufacturing the wire. The total cost of the building is estimated at $3 million, while the total cost of the equipment is estimated at $8.9 million. It is estimated that this project will create approximately forty (40) new permanent full-time jobs in the first year, representing an annual payroll of approximately $1,500,000. Garphyttan 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, but is located in the Airport Economic Development Area, which is a Tax Incremental Financing Allocation Area. Garphyttan meets the qualifications for a ten (10) year real property tax abatement and for a five (5) year personal property tax abatement under the Tax Abatement Ordinance. A review of the cost of the real property tax abatement shows that without abatement the project will generate approximately $1,512,276 in new taxes over a ten year -10- South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) h. continued... period. With abatement the project will generate approximately $763,612. Therefore, the cost of the 10 year real property tax abatement will be approximately $748,499. A review of the cost of the personal property tax abatement shows that without abatement the project will generate approximately $870,276 in new taxes. With abatement the project will generate approximately $154,317. Therefore, the cost of the five year personal property tax abatement will be approximately $715,959. Mr. Hughes noted that Project Future has been working with this firm for about five years. It is a Swedish company that has been in business for over 90 years. They sell valve spring wire to valve spring manufacturers in the United States. Their market has grown such that they now need a plant in the United States. The company reinvigorated their search for a location last spring, concentrating on the midwest. Mr. Hughes noted that one of the critical issues in the decision to locate in South Bend was that all the infrastructure was in place in the area. The company will locate in the H. G. Baus Centre, a ten acre site bounded on the east by Commerce Drive and on the north by Nimtz Parkway. They will employ about 40 people and hope to double their size, depending on their success in the American market. -11- South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) h. continued... Mr. Hughes noted that the company hopes to break ground this year. They expect to complete construction by July 1 and be at full production by late 1996. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved Resolution No. 1391 approving an application for real property tax deduction for property located at the Southwest corner of Nimtz Parkway and Commerce Drive in the Airport Economic Development Area. (H. G. Baus Centre) i. Commission approval requested for Resolution No. 1392 approving an application for personal property tax deduction for property located at the Southwest corner of Nimtz Parkway and Commerce Drive in the Airport Economic Development Area. (Garphyttan Wire) Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, the Commission approved Resolution No. 1392 approving an application for personal property tax deduction for property located at the Southwest corner of Nimtz Parkway and Commerce Drive in the Airport Economic Development Area. (Garphyttan Wire) j. Commission approval requested for Resolution No. 1393 approving an Addendum to the Lease. (South Bend Central Development Area Public Improvement Project) W -12- COMMISSION APPROVED RESOLUTION NO. 1391 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT THE SOUTHWEST CORNER OF NIMTZ PARKWAY AND COMMERCE DRIVE IN THE AIRPORT ECONOMIC DEVELOPMENT AREA. (H. G. BAUS CENTRE) COMMISSION APPROVED RESOLUTION NO. 1392 APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT THE SOUTHWEST CORNER OF NIMTZ PARKWAY AND COMMERCE DRIVE IN THE AIRPORT ECONOMIC DEVELOPMENT AREA. (GARPHYTTAN WIRE) South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) j. continued... Mrs. Kolata explained that part of the proceeds of the 1990 South Bend Central Development Area Lease Rental Bonds were used to buy a property at 516 S. St. Joseph. the Commission earlier agreed to work with South Bend Heritage Foundation who has identified an owner for the property. They will be closing on the property soon, rehabbing it, and moving into it. This amendment releases that property from the bond issue and allows the property to be sold. Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, the IV Commission approved Resolution No. 1393 approving an Addendum to the Lease. (South Bend Central Development Area Public Improvement Project) k. Commission approval requested for Certificate of Waiver for property located at 1008 California. (Alfonso Cardenas and John A. Grusczynski) Mrs. Kolata noted that this Certificate of Waiver forgives $750.00 as of September 15, 1995. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved the Certificate of Waiver in the amount of $750 as of September 15, 1995 for property located at 1008 California. (Alfonso Cardenas and John A. Grusczynski) -13- COMMISSION APPROVED RESOLUTION NO. 1393 APPROVING AN ADDENDUM TO THE LEASE. (SOUTH BEND CENTRAL DEVELOPMENT AREA PUBLIC IMPROVEMENT PROJECT) COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN THE AMOUNT OF $750 AS OF SEPTEMBER 15, 1995 FOR PROPERTY LOCATED AT 1008 CALIFORNIA. (ALFONSO CARDENAS AND JOHN A. GRUSCZYNSHI) South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) 1. Commission approval requested for Certificate of Waiver for property located at 826 N. Diamond. (Alfonso Cardenas) Mrs. Kolata noted that the Certificate of Waiver forgives $750.00 as of February 15 for each of the years 1992, 1993, 1994 and 1995. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved the Certificate of Waiver in the amount of $750 as of February 15 for each of the years 1992, 1993, 1994 and 1995 for property located at 826 N. Diamond. (Alfonso Cardenas) m. Commission approval requested for Certificate of Waiver for property located at 235 E. Fox Street. (Alfonso Cardenas and Northern Oak Homes, Inc.) Mrs. Kolata noted that this Certificate of Waiver forgives $850.00 as of December 23 for each of the years 1989 through 1994. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved the Certificate of Waiver in the amount of $850 as of December 23 for each of the years 1989 through 1994 for property located at 235 E. Fox Street. (Alfonso Cardenas and Northern Oak Homes, Inc.) n. Commission approval requested for Resolution No. 1385 determining to appropriate monies for the purpose of -14- COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN THE AMOUNT OF $750 AS OF FEBRUARY 15 FOR EACH OF THE YEARS 1992, 1993, 1994 AND 1995 FOR PROPERTY LOCATED AT 826 N. DIAMOND. (ALFONSO CARDENAS) COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN THE AMOUNT OF $850 AS OF DECEMBER 23 FOR EACH OF THE YEARS 1989 THROUGH 1994 FOR PROPERTY LOCATED AT 235 E. FOX STREET. (ALFONSO CARDENAS AND NORTHERN OAK HOMES, INC.) South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) n. continued... defraying the expenses of certain local public improvements for the fiscal year beginning January 1, 1996 and ending December 31, 1996, including all outstanding claims and obligations, fixing a time when the same shall take effect. (Blackthorn Golf Course) Mrs. Kolata explained that Resolution No. 1385 states the Commission's intent to appropriate the revenues generated by Blackthorn Golf Course during the next calendar year and sets a public hearing on the appropriation for December 1 at 10:00 a.m. Attached to Resolution No. 1385 is a copy of the 1996 budget for Blackthorn Golf Course, showing total income of approximately $1,400,000 and total expenses of just over $1,000,000. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved Resolution No. 1385 determining to appropriate monies for the purpose of defraying the expenses of certain local public improvements for the fiscal year beginning January 1, 1996 and ending December 31, 1996, including all outstanding claims and obligations, fixing a time when the same shall take effect. (Blackthorn Golf Course) o. Commission approval requested for Resolution No. 1387 determining to pay certain expenses incurred for local public improvements in or serving the Airport -15- COMMISSION APPROVED RESOLUTION NO. 1385 DETERMINING TO APPROPRIATE MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF CERTAIN LOCAL PUBLIC IMPROVEMENTS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 1996 AND ENDING DECEMBER 31, 1996, INCLUDING ALL OUTSTANDING CLAIMS AND OBLIGATIONS, FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT. (BLACKTHORN GOLF COURSE) South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSEWSS (Cont.) o. continued... Economic Development Area Allocation Area No. 1 ( "Allocation Area No. 1 ") from the Airport Economic Development Area Allocation Area No. 1 Special Fund (The "Allocation Fund ") Mrs. Kolata explained that Resolution No. 1387 states the Commission's intent to appropriate $450,000 of tax increment funds for local public improvements in the Airport Economic Development Area and sets a public hearing on the appropriation for December 1, 1995 at 10:00 a.m. Upon a motion by Mr. Hunt, seconded by ® Mr. Hojnacki and unanimously carried, the Commission approved Resolution No. 1387 determining to pay certain expenses incurred for local public improvements in or serving the Airport Economic Development Area Allocation Area No. 1 ( "Allocation Area No. 1 ") from the Airport Economic Development Area Allocation Area No. 1 Special Fund (The "Allocation Fund ") p. Commission approval requested for Resolution No. 1394 accepting the transfer of real property from the City of South Bend, Indiana. Mrs. Kolata explained that these three lots in the Southeast Neighborhood in the Sample - Ewing Development now have clear titles and are ready to be transferred to the Commission for its use. -16- COMMISSION APPROVED RESOLUTION NO. 1387 DETERMINING TO PAY CERTAIN EXPENSES INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR SERVING THE AIRPORT ECONOMIC DEVELOPMENT AREA ALLOCATION AREA NO. 1 ( "ALLOCATION AREA NO. 1 ") FROM THE AIRPORT ECONOMIC DEVELOPMENT AREA ALLOCATION AREA NO. 1 SPECIAL FUND (THE "ALLOCATION FUND ") South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) p. continued... Upon a motion by Mr. Hcjnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved Resolution No. 1394 accepting the transfer of real property from the City of South Bend, Indiana. q. Commission authorization requested to begin roof repairs on property located at 306 S. Chapin Street. (Bivens House) Mrs. Kolata explained that we received a letter from South Bend Heritage Foundation which is putting together a plan to move and rehab a property at 306 S. Chapin. The Commission owns this property which contains a large house. South Bend Heritage wants to use the house as an African American resource center. Although not all of the details have been worked out on this project, the roof is in very bad shape. South Bend Heritage would like to have the roof repaired. COMMISSION APPROVED RESOLUTION NO. 1394 ACCEPTING THE TRANSFER OF REAL PROPERTY FROM THE CITY OF SOUTH BEND, INDIANA Upon a motion by Mr. Hojnacki, seconded COMMISSION AUTHORIZED SOUTH BEND by Mr. Hunt and unanimously carried, the HERITAGE TO BEGIN ROOF REPAIRS ON Commission authorized South Bend Heritage PROPERTY LOCATED AT 306 S. CHAPIN to begin roof repairs on property located at STREET. (BIVENS HOUSE) 306 S. Chapin Street. (Bivens House) r. Commission approval requested for Proposals for Professional Services in the South Bend Central Development Area. (Appraisals, Central High School) -17- South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSEUSS (Cont.) r. continued... Mrs. Kolata explained that in order to get their permanent financing on the Central High School Apartments, the developers need to restructure their agreements with the Commission for the land around it from a situation in which the developer owns the property, leased it to the Commission to make public improvements and then subleased it back, to a situation in which the Commission owns the property and the developer leases it from the Commission. In order for the Commission to purchase the property we need to have two appraisals of it. Jerome Michaels has proposed to perform an appraisal for $1,000. McCloskey -Pitts will perform an appraisal for $1,500. The staff recommends accepting both proposals. Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, the Commission approved the proposals from Jerome Michaels and McCloskey -Pitts for appraisal services in the South Bend Central Development Area. (Central High School) S. Commission approval requested for Certificate of Completion for James W. and Linda M. Teske. (Apollo Precision Machining) Mrs. Kolata noted that the Rskes purchased property in the Thll Road Industrial Park. The Certificate of Completion states that they have satisfied all their contractual go COMMISSION APPROVED THE PROPOSALS FROM JEROME MICHAELS AND MCCLOSKEY -PITTS FOR APPRAISAL SERVICES IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA. (CENTRAL HIGH SCHOOL) South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) S. continued... obligations to the Commission and that the project is complete. Upon a motion by Mr. Hcjnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved the Certificate of Completion for James W. and Linda M. Tbske. (Apollo Precision Machining) t. Commission approval requested for Loan and Grant in connection with the Affordable Loan Program for property located at 624 S. Clinton. (Ereddie M. Williams) Mrs. Kolata explained that the loan to Freddie M. Williams is in the amount of $7,300 at 0% interest for 8 years with monthly payments of $76.04. The grant is $5,057.25. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved the Loan and Grant for property located at 624 S. Clinton. (Freddie M. Williams) u. Commission approval requested for Loan and Grant in connection with the Affordable Loan Program for property located at 829 E. Calvert. (Dallas Hann) Mrs. Kolata noted that the loan to Dallas Hann is in the amount of $14,450 at 4% interest for 20 years with monthly payments of $87.56. The grant is $9,463.96. -19- COMMISSION APPROVED THE CERTIFICATE OF COMPLETION FOR JAMES W. AND LINDA M. TESKE. (APOLLO PRECISION MACHINING) COMMISSION APPROVED THE LOAN AND GRANT FOR PROPERTY LOCATED AT 624 S. CLINTON. (FREDDIE M. WILLIAMS) South Bend Redevelopment Commission Regular Meeting - November 17, 1995 6. NEW BUSINESS (Cont.) u. continued... Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved the Loan and Grant for property located at 829 E. Calvert. (Dallas Hann) V. Commission approval requested for Loan and Grant in connection with the Affordable Loan Program for property located at 1043 Portage. (Willie Mae Williams) Mrs. Kolata noted that the loan to Willie Mae Williams is in the amount of $3,450 at 4% interest for 15 years with monthly payments of $25.52. The grant is $2,197.80. Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, the Commission approved the Loan and Grant for property located at 1043 Portage. (Willie Mae Williams) 7. PROGRESS REPORTS Mrs. Kolata reported that Blackthorn Golf Course was rated 4th in the country among new public golf courses by Golf Digest. We're very proud of this ranking. 8. NEXT COMIVIISSION MEETING The next Regular Meeting of the Redevelopment Commission is scheduled for December 1, 1995 at 10:00 a.m. -20- COMMISSION APPROVED THE LOAN AND GRANT FOR PROPERTY LOCATED AT 829 E. CALVERT. (DALLAS HANN) COMMISSION APPROVED THE LOAN AND GRANT FOR PROPERTY LOCATED AT 1043 PORTAGE. (WILLIE MAE WILLIAMS) PROGRESS REPORTS NEXT COMMISSION MEETING South Bend Redevelopment Commission Regular Meeting - November 17, 1995 9. ADJOURNAIENT There being no further business to come before the Redevelopment Commission, Mr. Hunt made a motion that the meeting be adjourned. Mr. Hojnacki seconded the motion and the meeting was adjourned at 10:50 a.m. 4� 'x 0,- Ann E. Kolata, Director NI ME q�l IN. / A M49 t �a, ' -21- ADJOURNMENT