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Home My WebLink AboutRM 12-15-95f i. SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING December 15, 1995 10:00 a.m. Presiding: Philip J. Faccenda President 1. ROLL CALL 1308 County -City Building 227 W. Jefferson Boulevard South Bend, Indiana Members Present: Mr. Philip J. Faccenda, President Ms. Paula N. Auburn, Vice - President Mr. Robert W. Hunt, Secretary Mr. William P. Hojnacki Mr. Michael Donoho Legal Counsel: Ms. Jenny Pitts Manier Redevelopment Staff: Mr. Jon Hunt, Director Mrs. Cheryl Phipps, Recording Secretary Ms. Joelle K. Webb, Secretary Mr. James Riggs, Economic Dev. Specialist Mr. Gabriel Okafor, Economic Dev. Specialist Business Assistance Staff Bureau of Housing Staff: Media: Others: 2. APPROVAL OF MINUTES Mr. Michael Beitzinger, Economic Dev. Specialist Ms. Mary Richmond Ms. Ernestine Ligon Mr. Thom Howell, U -93 Mr. Mike Kaser, Midwest Windows & Doors, Inc. Mr. George Rourke, Venterra a. Approval of Minutes of the Regular Meeting of Friday, December 1, 1995. Upon a motion by Ms. Auburn, seconded by Mr. Hojnacki and unanimously carried, the Commission -1- COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF FRIDAY, DECEMBER 1, 1995 South Bend Redevelopment Commission AVIA Regular Meeting - December 15, 1995 2. APPROVAL OF MINUTES (Cont.) a. continued... approved the Minutes of the Regular Meeting of Friday, December 1, 1995. 3. APPROVAL OF CLAIMS Claims submitted December 15, 1995 for approval. . O 151PAN South Bend Tribune $87.62 Real Estate Management $2,690.49 Ann Kolata $26.66 Howard Park Hardware $37.38 General Fund: Printing $483.52 G.W. Berkheimer Co. $82.13 John Stark $23.19 Thomas Eddington $16.00 James Riggs $31.00 C & S Services Inc. $910.00 HP Products $89.75 Gabriel Okafor $20.64 Sprint Cellular $85.81 South Bend Water Works $142.89 Superior Waste Systems $124.10 Tri County News $51.75 Indiana Michigan Power Co. $6.65 Jerome E. Michaels $1,000.00 Mc Closkey Pitts & Associates $2,250.00 Shilt's, Graves & Associates $1,260.00 Thomas General Construction $150.00 Hedy Robinson $45.00 Baker & Daniels $2,628.91 East Race Printing $128.50 Kinko's $99.00 Peirce & Associates $1,850.00 -2- South Bend Redevelopment Commission Regular Meeting - December 15, 1995 3. APPROVAL OF CLAIMS (Cont.) AIRPORT TIF REVENUE (324) Landscapes Unlimited, Inc. Lang, Feeney & Associates City of South Bend General Fund City of South Bend - Dept. of Public Works Walsh & Kelly Cole Associates SAMPLE- EWING DEVELOPMENT AREA (414) Charles Chambliss and Bud Kile Moving Charles Chambliss and Dan Miller Charles Chambliss and J & D Contracting Cole Associates Code Enforcement Charles Chambliss and Ameritech Services Charles Chambliss and Kathie S. Brown Charles Chambliss and Dennis Rajski Builders Karen Sue Talton York Title & Escrow Inc. McCloskey -Pitts & Associates Inc. Francis T. Farrell Lucy Ann Harris St. Joseph County Treasurer Mobile Comm Charles Chambliss and Classic Decor ADT Security Systems Warner & Sons, Inc. S. B. C. D. A. T.I.F. GENERAL ACCOUNT (420) Real Estate Management South Bend Water Works Indiana Michigan Power Co. N.I. P. S. C. O. BLACKTHORN GOLF COURSE (619) North American Golf -3- $450.00 $1,123.00 $12,070.63 $216,562.36 $150,883.20 $5,985.00 $500.00 $800.00 $142.00 $11,697.02 $26,000.00 $267.50 $500.00 $4,590.00 $14,350.00 $350.00 $500.00 $26,650.80 $796.40 $352.80 $10.00 $250.00 $279.00 $51,737.00 $127.00 $102.00 $271.51 $276.97 $6,450.00 South Bend Redevelopment Commission Regular Meeting - December 15, 1995 3. APPROVAL OF CLAIMS (Cont.) Upon a motion by Mr. Hojnacki, seconded by Ms. Auburn and unanimously carried, the Commission approved the Claims submitted December 15, 1995. 4. COMMUNICATIONS There were no Communications. 5. OLD BUSINESS There was no Old Business. 6. NEW BUSINESS a. Staff report on disposition of property in the Airport Economic Development Area. Jon Hunt noted that the Commission has received a proposal from the Management Consortium, Inc., Chicago, Illinois. The proposal is for the purchase and development of Lot 3 of the Blackthorn Corporate Park. Lot 3 is the parcel designated by the Commission for hotel use. Mr. Riggs read the staff report on the project. The Management Consortium is proposing to develop the COMFORT SUITES INN AT BLACKTHORN. The proposed hotel would be a part of the Choice Hotels International reservation network. This network is the largest hotel reservation network in the world. The hotel would -4- COMMISSION APPROVED THE CLAIMS SUBMITTED DECEMBER 1, 1995 THERE WERE NO COMMUNICATIONS THERE WAS NO OLD BUSINESS South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINESS (font.) a. continued... contain 150 suites, of which, six would be convertible, double bay, hospitality suites and six would include in -room Jacuzzi's. The hotel would also include a 40 -seat table service restaurant, serving three meals, and a cocktail area. A fitness center complete with indoor pool would also be included. Each suite would have separate living /working and sleeping areas with one king or two queen beds (plus queen sleeper sofa); direct dial phones; two TV's and video - player; telephone data - ports; and a mini -bar with refrigerator and microwave. The proposed purchase price for the 4.463 acre parcel is $120,000 (or $26,888 per acre). This price is consistent with previous land sales in the Corporate Park. The required faithful performance guaranty of $12,000 has been received. Preliminary schematic floor plans and a site plan were included with the proposal. The staff feels that this project would be a huge catalyst for the future development of the Corporate Park and the entire City. However, some issues still need to be clarified between the staff and the developer. The staff recommends that the Commission refer this proposal for staff review. The staff anticipates -5- South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINESS (Cont.) a. continued... that the proposal would be included on the Commission's agenda for its meeting of January 19. Mr. Rourke, representing the Management Consortium, Inc. showed some sample layouts of the rooms. He noted that Comfort Inns is the fastest growing hotel chain in the country. Comfort Inns (Manangement Consortium) has investigated the local market and feels positive about the investment here. He cautioned getting the financing together may take some time, but they feel good about taking the risk. Jon Hunt asked about the exterior treatment. Mr. Rourke responded that the exterior will be warm brick, similar to the Gonderman Project. Jon Hunt commented that the three projects ( Gonderman, Golf Course and Hotel) will compliment each other well. Upon a motion by Ms. Auburn, seconded by Mr. Donoho and unanimously carried, the Commission referred the proposal to the staff for further report and Commission action at the January 19, 1996 meeting. EM COMMISSION APPROVED THE DISPOSITION OF PROPERTY IN THE AIRPORT ECONOMIC DEVELOPMENT AREA South Bend Redevelopment Commission Aft Regular Meeting - December 15, 1995 6. NEW BUSINESS (Cont.) b. Commission approval requested for Resolution No. 1400 commending Mary Richmond for meritorious service to the South Bend Redevelopment Commission. Jon Hunt read Resolution No. 1400 commending Mary Richmond for meritorious service to the South Bend Redevelopment Commission RESOLUTION NO. 1400 A RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION COMMENDING MARY RICHMOND FOR MERITORIOUS SERVICE TO THE SOUTH BEND REDEVELOPMENT COMMISSION WHEREAS, many people express concern about housing problems and their impact upon the community; and WHEREAS, some people demonstrate their concern by personal involvement in the process of seeking solutions; and WHEREAS, a very few people are both willing and able to bring a degree of dedication that culminates in real, measurable progress, enriching the life of the community; and -7- ®South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINESS (Cont.) b. continued... WHEREAS, Mary Richmond has demonstrated her commitment to South Bend and the housing needs of its citizens since 1971; and WHEREAS, Mary Richmond has worked with the Redevelopment Commission for 14 years in various capacities representing the Bureau of Housing; and WHEREAS, Mary Richmond has shown special interest in housing concerns for low and moderate income residents, making special contributions in the areas of the Rental Rehab Program and Ix&st W7shington Housing; and WHEREAS, during the tenure of her service the quality of life of the residents of South Bend has improved as a result of the contributions of time, knowledge, and good judgement; NOW, THEREFORE, BE IT RESOLVED that the South Bend Redevelopment Commission hereby: 1. Commends Mary Richmond for meritorious service and expresses its gratitude for a job well done. South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINESS (Cont.) b. continued... 2. Declares it will sincerely miss her diligent work and her presence at its future meetings. 3. Wishes her well in her new career. Adopted at a Regular Meeting of the South Bend Redevelopment Commission, held on December 15, 1995 in Room 1308 County -City Building, 227 TVst Jefferson Boulevard, South Bend, Indiana. Jon Hunt commented that Mary would be missed by the staff as well as the Commission. She has been an excellent employee. Upon a motion Mr. Donoho, COMMISSION APPROVED RESOLUTION NO. 1400, seconded by Mr. Hojnacki and COMMENDING MARY RICHMOND FOR unanimously carried, the Commission MERITORIOUS SERVICE TO THE SOUTH BEND approved Resolution No. 1400, REDEVELOPMENT COMMISSION commending Mary Richmond for meritorious service to the South Bend Redevelopment Commission. C. Commission approval requested for Resolution No. 1401 approving an application for personal property tax deduction for property located at 1215 South Walnut Street in the West Washington - Chapin Development Area. (Lock Joint Ibbe Inc.) In South Bend Redevelopment Commission Ask Regular Meeting - December 15, 1995 6. NEW BUSINFSS (Cont.) C. continued... Mr. Beitzinger read the staff report on the project. Lock Joint Tube Inc. is a manufacturer of high quality welded steel tubing. Their project calls for the purchase and installation of a mill for the manufacture of electric welded steel tubing. The mill will be the seventh mill Lock Joint currently operates and would be used to produce large diameter tube. Due to operations flow, the mill will be located at the Walnut Street address in space currently used for warehousing. The new mill will allow Lock Joint to better service its current customers and to enter new markets, especially the store fixture, exercise equipment and truck exhaust markets. The total projected cost of the equipment is approximately $2.5 million. Lock Joint Thbe, whose underlying business was acquired out of Chapter 11 Bankruptcy in 1991, is enjoying growth in volume and employment. Since bankruptcy, employment has grown from 154 to its current level of 245. To meet current demand and maintain its competitive position, this project needs to be completed. Lock Joint's two primary competitors are modernizing their operations and are aggressively pursuing many of Lock -10- South Bend Redevelopment Commission Regular Meeting - December 15, 1995 U 6. NEW BUSINESS (Cont.) C. continued... Joint's current customers. The implementation of this project will enable Lock Joint to maintain its competitive position and better serve its customers. It is estimated that this project will result in the creation of ten (10) new permanent full time positions representing an annual payroll of $300,000, and will maintain two hundred and forty five (245) existing permanent full-time and part-time jobs representing an annual payroll of $6,950,000. Lock Joint Tube, Inc. has been Cgranted there previous tax abatements, a 5 year personal property abatement in January 1992 and a 10 year real property abatement in December 1992 and a 5 year personal property abatement in January 1995. Lock Joint Tube, Inc. is in compliance with the reporting requirements for these previous abatements. The property is properly zoned for the proposed use. The property is located in an area presently designated as a 'Pax Abatement Impact Area, and is also located in the Sample /Ewing Development Area, which is a Tax Incremental Financing Allocation Area, therefore, the petition first requires the approval of the South Bend Redevelopment Commission. -11- South Bend Redevelopment Commission Aok Regular Meeting - December 15, 1995 6. NEW BUSINFSS (Cont.) C. continued... A review of the Tax Abatement Ordinance finds that the petitioner meets the qualifications for a five (5) year personal property tax abatement. A review of the cost of the abatement shows that, without abatement, the project will generate approximately $248,470 in new taxes over the five year period. With abatement, the project will generate approximately $44,059. Therefore, the cost of the abatement is approximately $204,411 over the five year period. Upon a motion by Ms. Auburn, seconded by Mr. Donoho and unanimously carried, the Commission approved Resolution No. 1401 approving an application for personal property tax deduction for property located at 1215 South Walnut Street in the Sample -Ewing Development Area. (Lock Joint Inc.) d. Commission approval requested for Resolution No. 1402 approving an application for personal property tax deduction for property located at 3722 Foundation Court and 4207 Mayflower Road in the Airport Economic Development Area. (O- T D Corporation). Mike Beitzinger read the staff report on the project. O -T -D Corporation is in the business of manufacturing, selling and leasing, and servicing containers for use in the petro D� -12- COMMISSION APPROVED RESOLUTION NO. 1401 APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 1215 SOUTH WALNUT STREET IN THE SAMPLE -EWING DEVELOPMENT AREA. (LOCK JOINT INC.) South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSEWSS (Cont.) d. continued... chemical industry. Their project calls for the purchase and installation of equipment for manufacturing aluminum containers. The equipment to be installed will consist primarily of machines for cutting, forming, welding and assembly of the containers. Some of the equipment will be located at their main location on Foundation Court, while the balance of the equipment will be located in space they lease on Mayflower Road. The total estimated cost of the new equipment is $1,100,000. It is estimated that this project will result in the creation of seventeen (17) new permanent full time positions representing an annual payroll of $340,000, and will maintain twenty (20) existing permanent full-time and part -time jobs representing an annual payroll of $520,000. 0-T -D Corporation has been granted two previous tax abatements: A three (3) year real property tax abatement and a five (5) year personal property tax abatement in April 1993. 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 -13- South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINESS (Cont.) d. continued... which is a Tax Incremental Financing Allocation Area. Therefore, the petition first requires the approval of the South Bend Redevelopment Commission. A review of the Tax Abatement Ordinance finds that the petitioner meets the qualifications for a five (5) year personal property tax abatement. A review of the cost of the abatement shows that, without abatement, the project will generate approximately $107,563 in new taxes over the five year period. With abatement, the project will generate approximately $19,073. Therefore, the cost of the abatement is approximately $88,490 over the five year period. Upon a motion by Mr. Donoho, seconded by Mr. Hojnacki and unanimously carried, the Commission approved Resolution No. 1402 approving an application for real property tax deduction for property located at 3722 Foundation Court and 4207 Mayflower Road in the Airport Economic Development Area. (O -T- D Corporation) e. Commission approval requested for Resolution No. 1403 approving an application for personal property tax deduction for property located at 2303 North Bendix Drive in the Airport Economic Development Area. (Midwest Windows & Doors, Inc.) -14- COMMISSION APPROVED RESOLUTION NO. 1402 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 3722 FOUNDATION COURT AND 4207 MAYFLOWER ROAD IN THE AIRPORT ECONOMIC DEVELOPMENT AREA. (O -T -D CORPORATION) South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINFSS (Cont.) e. continued... Mr. Beitzinger read the staff report on the project. Midwest Windows & Doors is a manufacturer of vinyl windows and patio doors for replacement and new construction markets. Windows and doors are fabricated from vinyl lineals. Insulated glass is also manufactured for the windows and doors. Products are distributed and sold to distributors and dealers in a surrounding five state area. Their project calls for the purchase and installation of one Aculite glass cutting table and two CNC vinyl cutting machines. The total estimated cost of the new equipment is $125,000. Midwest Windows and Doors recently purchased the business from Fiberlux, a division of TreDegar Industries, Inc. Fiberlux in South Bend was a cost center which was not making enough profit to sustain the operation. TreDegar had planned to eventually close the plant. The buy -out of Fiberlux's South Bend plant by Midwest Windows & Doors saved the business and 49 jobs. The restructuring of the manufacturing processes, which includes the above equipment, is imperative to the success of the company and the tax abatement is an integral and necessary part of the restructuring process. The new equipment will allow Midwest Windows and Doors to better service its customers, -15- South Bend Redevelopment Commission It, Regular Meeting - December 15, 1995 6. NEW BUSINESS (Cont.) e. continued... expand its operations and hopefully add even more jobs. It is estimated that this project will result in the creation of two (2) new permanent full time positions representing an annual payroll of $30,000, and will maintain forty nine (49) existing permanent full-time and part-time jobs representing an annual payroll of $733,000. Midwest Windows and Doors, Inc. has not been granted any previous tax abatement consideration. 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. Therefore, this petition first requires the approval of the South Bend Redevelopment Commission. A review of the Tax Abatement Ordinance finds that the petitioner meets the qualifications for a five year personal property tax abatement. A review of the cost of the abatement shows that, without abatement, the project will generate approximately $12,222 in new taxes over the five year period. With abatement, the project will generate approximately $2,167. Therefore, the cost of the -16- Iq South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINFSS (Cont.) e. continued... abatement is approximately $10,055 over the five year period. Upon a motion by Bob Hunt, seconded by Ms. Auburn and unanimously carried, the Commission approved Resolution No. 1403 approving an application for personal property tax deduction for property located at 2303 North Bendix Drive in the Airport Economic Development Area. (Midwest Windows & Doors, Inc.) f. fling of Resolution No. 1399 amending the Development Plan for the West Washington - Chapin Development Area and setting 10:00 a.m., January 2, 1996 for a Public Hearing on Resolution No. 1399. Jon Hunt explained that Resolution No. 1399 amends the Development Plan for the West Washington - Chapin Development Area to add one parcel of land to the acquisition list. The parcel is being added so that we can acquire it and make it available and for possible future development. Upon a motion by Ms. Auburn, seconded by Mr. Hojnacki and unanimously carried, the Commission accepted the filing of Resolution No. 1399 and set the public hearing for 10:00 a.m. on January 2, 1996. -17- COMMISSION APPROVED RESOLUTION NO. 1403 APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 2303 NORTH BENDIX DRIVE IN THE AIRPORT ECONOMIC DEVELOPMENT AREA. (MIDWEST WINDOWS & DOORS, INC.) COMMISSION APPROVED RESOLUTION NO. 1399 AMENDING THE DEVELOPMENT PLAN FOR THE WEST WASHINGTON - CHAPIN DEVELOPMENT AREA South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINESS (Cont.) g. Commission approval requested for Resolution No. 1404 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. 111) from the Airport Economic Development Area Allocation Area No. 1 Special lbnd. Jon Hunt noted that items 6g, 6h, 6i all pertain to appropriating TIF revenue from our development areas. Resolution No. 1404 appropriates $135,000 for eligible expenses in the Airport Economic Development Area. The public hearing on this appropriation will be at 10:00 a.m. on January 2, 1996. Upon a motion by Mr. Donoho, seconded by Bob Hunt and unanimously carried, the Commission approved Resolution No. 1404 determining to pay certain expenses incurred for local Public Improvements in or serving the Airport Economic Development Area Allocation Area from the special fund. h. Commission approval requested for Resolution No. 1406 determining to pay certain expenses incurred for local public improvements in or serving the South Bend Central Development Allocation Area (South Bend Allocation Area go COMMISSION APPROVED RESOLUTION NO. 1404 DETERMINING TO PAY CERTAIN EXPENSES INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR SERVING THE AIRPORT ECONOMIC DEVELOPMENT AREA ALLOCATION AREA FROM THE SPECIAL FUND South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINESS (Cont.) h. continued... No. 1A) from the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) Special Fund. Jon Hunt noted that Resolution No. 1406 appropriates $141,000 for eligible expenses in the South Bend Central Area. The public hearing on this appropriation will be at 10:00 a.m. on January 2, 1996. Upon a motion by Mr. Donoho, seconded by Bob Hunt and unanimously carried, the Commission approved Resolution No. 1406 determing to pay certain expenses incurred for local Public Improvements in or serving the South Bend Central Allocation Area from the South Bend Central Allocation Area Special Fund. i. Commission approval requested for Resolution No. 1408 determining to pay certain expenses incurred for local public improvements in or serving the Sample -Ewing Allocation Area (South Bend Allocation Area No. 8) from the Sample -Ewing Allocation Area (South Bend Allocation Area No. 8) Special Fund. Jon Hunt explained that Resolution No. 1408 appropriates $825,000 for eligible expenses in the Sample- A -19- COMMISSION APPROVED RESOLUTION NO. 1406 DETERMING TO PAY CERTAIN EXPENSES INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR SERVING THE SOUTH BEND CENTRAL ALLOCATION AREA FROM THE SOUTH BEND CENTRAL ALLOCATION AREA SPECIAL FUND :1 South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINESS (Cont.) i. continued... Ewing Area. The public hearing on this appropriation will be at 10:00 a.m. on January 2, 1996. Upon a motion by Mr. Donoho, seconded by Bob Hunt and unanimously carried, the Commission approved the Resolution No. 1408 determing to pay certain expenses incurred for local Public Improvements in or serving the Sample -Ewing Allocation Area from the Sample -Ewing Allocation Area Special Fund. j . Commission approval requested for Proposal from ATEC Associates for professional services in the Sample -Ewing Development Area. Jon Hunt explained that ATEC Associates submitted a proposal to perform environmental assessments of the Avanti site in the Studebaker Corridor. The cost estimated to complete this project is not to exceed $1,250.00 unless unexpected conditions are encountered or project characteristics change significantly. Upon a motion by Mr. Hcjnacki, seconded by Ms. Auburn and unanimously carried, the Commission approved the proposal from ATEC Associates for professional services in the Sample -Ewing Development Area. -20- COMMISSION APPROVED RESOLUTION NO. 1408 DETERMINING TO PAY CERTAIN EXPENSES INCURRED FOR LOCAL PUBLIC IMPROVEMENTS IN OR SERVING THE SAMPLE -EWING ALLOCATION AREA FROM THE SAMPLE -EWING ALLOCATION AREA SPECIAL FUND COMMISSION APPROVED THE PROPOSAL FROM ATEC ASSOCIATES FOR PROFESSIONAL SERVICES IN THE SAMPLE -EWING DEVELOPMENT AREA South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINESS (Cont.) k. Commission approval requested for Assignment of Lease between ABV Management Company Inc. and 1316 South Michigan Street Associates. Jenny Manier explained that in order to take control of the property at 1316 South Michigan Street. The Commission needs to take assignment of the lease. Upon a motion by Mr. Hojnacki, seconded by Mr. Donoho and unanimously carried, the Commission approved the assignment of lease between ABV Management Company Inc. and 1316 South Michigan Street Associates. 1. Commission approval requested for Loan in connection with the Roof Loan Program for property located at 1629 Pulaski Street. (Carolyn J. Wallace) Mary Richmond explained that the loan to Carolyn J. Wallace is in the amount of $5,825.00 at 0% interest for 15 years with monthly payments of $32.36. Upon a motion by Mr. Donoho, seconded by Bob Hunt and unanimously carried, the Commission approved the loan in connection with the Roof Loan Program for property located at 1629 Pulaski Street. (Carolyn J. Wallace) -21- COMMISSION APPROVED THE ASSIGNMENT OF LEASE BETWEEN ABV MANAGEMENT COMPANY INC. AND 1316 SOUTH MICHIGAN STREET ASSOCIATES COMMISSION APPROVED THE LOAN IN CONNECTION WITH THE ROOF LOAN PROGRAM FOR PROPERTY LOCATED AT 1629 PULASKI STREET. (CAROLYN J. WALLACE) South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSEWSS (Cont.) m. Commission approval requested for Release of Urban Homesteading Agreement with Sharon Terrell- Settles (1112 Napier) Mary Richmond explained that this is a standard release to clear the title. Sharon Terrell- Settles met all the requirements of the Urban Homesteading Program for her property located at 1112 Napier.. Upon a motion by Mr. Donoho, seconded by Ms. Auburn and unanimously carried, the Commission approved the release of Urban Homesteading Agreement with Sharon Terrell- Settles. n. Commission approval requested for Certificate of Waiver for property located at 1518 Lincolnway West. (Vernon K. Grable and Lois J. Powell) Mary Richmond noted that this Certificate of Waiver forgives $2,283 as of October 31, 1995. Upon a motion by Bob Hunt, seconded by Ms. Auburn and unanimously carried, the Commission approved the Certificate of Waiver for property located at 1518 Lincolnway West. (Vernon K. Grable and Lois I Powell) -22- COMMISSION APPROVED THE RELEASE OF URBAN HOMESTEADING AGREEMENT WITH SHARON TERRELL- SETTLES (1112 NAPIER) COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN THE AMOUNT OF $2,283 AS OF OCTOBER 31, 1995 FOR PROPERTY LOCATED AT 1518 LINCOLNWAY WEST. (VERNON K. GRABLE AND LOIS J. POWELL) South Bend Redevelopment Commission Regular Meeting - December 15, 1995 6. NEW BUSINESS (Cont.) o. Commission approval requested for Certificate of Waiver for property located at 239 Laporte. (Housing Development Corporation) Mary Richmond noted that this Certificate of Waiver forgives $1,740 as of December 22, 1994 and December 22, 1995. Upon a motion by Ms. Auburn, seconded by Mr. Hojnacki and unanimously carried, the Commission approved the Certificate of Waiver for property located at 239 Laporte. (Housing Development Corporation) p. Commission approval requested for Certificate of Waiver for property located at 1431 Cottage Grove. (Housing Development Corporation) Mary Richmond explained that this Certificate of Waiver forgives $1,400 as of May 1, 1995. Upon a motion by Ms. Auburn, seconded by Mr. Hojnacki and unanimously carried, the Commission approved the Certificate of Waiver for property located at 1431 Cottage Grove. (Housing Development Corporation) 7. PROGRESS REPORTS -23- COMMISSION APPROVED THE CERTIFICATE OF WAIVER FOR PROPERTY LOCATED AT 239 LAPORTE (HOUSING DEVELOPMENT CORPORATION) COMMISSION APPROVED THE CERTIFICATE OF WAIVER FOR PROPERTY LOCATED AT 1431 COTTAGE GROVE (HOUSING DEVELOPMENT CORPORATION) THERE WERE NO PROGRESS REPORTS South Bend Redevelopment Commission Regular Meeting - December 15, 1995 8. NEXT COMMISSION MEETING The next meeting of the Redevelopment Commission will be a special meeting on December 19, 1995 at 10:00 a.m. 9. ADJOURNMENT There being no further business to come before the Redevelopment Commission, Ms. Auburn made a motion that the meeting be adjourned. Mr. Hojnacki seconded the motion and the meeting was adjourned at 10:45 a.m. Paula N. Auburn, President 0 -24- NEXT COMMISSION MEETING ADJOURNMENT Ann E. Kolata, Director