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Home My WebLink AboutRM 12-06-96SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING December 6, 1996 1308 County -City Building 10:00 a.m. 227 W. Jefferson Boulevard Presiding: Paula N. Auburn South Bend, Indiana President 1. ROLL CALL Members Present: Ms. Paula N. Auburn, President Mr. Robert W. Hunt, Vice - President Mr. William P. Hojnacki, Secretary Members Absent: Mr. Philip J. Faccenda Mr. Michael Donoho Legal Counsel: Ms. Jenny Pitts- Manier Redevelopment Staff: Mrs. Ann E. Kolata, Director Ms. Vangelean Binion, Recording Secretary Mr. Gabriel Okafor, Economic Development Specialist Ms. Amy Tweeten, Economic Development Specialist Mr. John Stark, Economic Development Specialist Mr. James Riggs, Economic Development Specialist Business Assistance: Mr. Mike Beitzinger, Economic Development Specialist Media: Mr. Don Porter, South Bend Tribune Others: Mr. Jim Cierzniak, Mr. Jack Quimby, Blackthorn Golf Course Mr. Brian Godfrey, Blackthorn Golf Course Mr. Joe Zaleski, North American Golf Mrs. Auburn noted that the Executive Session will continue immediately following adjournment of the Regular Meeting. H:\ HOME\ CPHIPPS \WPDATA \COMMSN\120696.MIN -1- South Bend Redevelopment Commission Regular Meeting - December 6, 1996 2. APPROVAL OF MINUTES a. Approval of Minutes of the Regular Meeting of Friday, November 15, 1996. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved the Minutes of the Regular Meeting of November 15, 1996. 3. APPROVAL OF CLAIMS COMMISSION APPROVED THE MINUTES OF THE REGULAR MEETING OF NOVEMBER 15, 1996 Redevelopment Commission Claims submitted December 6, 1996, for approval. ADMIN 1996 (212.) EddyCoat Plastimatic Arts Corp Liability Insurance Amy Tweeten John Stark York Title & Escrow Baker & Daniels Day Timer Inc. Petty Cash Federal Express 360 Communications City Clerk's Office Creative Art Forms Thomas General Construction South Bend Tribune Mobile Comm American Planning Assoc. Map Info Corp Tri County News AIRPORT TIF REVENUE (324) York Title & Escrow H. S. Altman Small Inc. H:\ 1401,,E\CPHIPPS \WPDATA \COMMSN\120696.1,ffN -2- $250.00 $10.00 $477.25 $48.40 $46.86 $190.00 $78.00 $38.80 $80.28 $15.50 $72.57 $13.32 $220.00 $50.00 $9.35 $10.00 $253.00 $695.00 $9.42 $155.00 $1,500.00 $37,473.22 South Bend Redevelopment Commission Regular Meeting - December 6, 1996 3. APPROVAL OF CLAIMS (Cont.) SAMPLE -EWING DEVELOPMENT AREA (414) Certified Bldg Inspectors Inc. Troyer Group York Title & Escrow Petty Cash Hazel Smith(Hudson) & St. Joe Title Corp Roland Smith & St. Joe Title Corp Devore Smith & St. Joe Title Corp The Landscape Design Company Inc. Niezgodski Plumbing Inc. Van Vooren Construction Co. Inc. Creative Art Forms Thomas General Construction Peirce & Associates Douglas Carpenter & Assoc. Inc. Grauvogel & Associates South Bend Water Works S.B.C.D.A. T.I.F. GENERAL ACCOUNT(420) South Bend Water Works N. I.P.S.C.O American Electric Power Real Estate Management Co. Indiana Security Systems Inc. Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, the Commission approved the Claims submitted December 6, 1996 and ordered the checks to be released. 4. COMMUNICATIONS There were no Communications. 5. OLD BUSINESS a. Commission approval requested for proposal from Walker Parking H:\ HOME \CPHWPS \WPDATA \COMMSN\120696.MIN -3- $165.00 $1,429.85 $2,300.00 $115.20 $20,000.00 $3,834.60 $3,834.60 $720.00 $2,855.00 $14,331.00 $103.00 $45.00 $650.00 $600.00 $1,292.50 $15.56 $328.30 $36.04 $497.60 $1,216.17 $48.00 COMMISSION APPROVED THE CLAIMS SUBMITTED DECEMBER 6, 1996 AND ORDERED THE CHECKS TO BE RELEASED THERE WERE NO COMMUNICATIONS South Bend Redevelopment Commission Regular Meeting - December 6, 1996 5. OLDBUSINESS (Cont.) a. continued.... Consultants/Engineers Inc. for design services in the South Bend Central Development Area. Mrs. Kolata noted that this contract is for Walker Parking Consultants/Engineers Inc. to design a parking garage in the block bounded by Jefferson, Main, Washington and Michigan Streets. She stated that this project is in conjunction with the office buildings to be constructed by Trammel Crow and Memorial Health Systems. Mrs. Kolata noted that the contract is for the complete design of the parking garage, underground, aboveground and 6,000 sf of retail space that will be along Michigan Street. She stated that the contract has a provision stating that Walker Parking Consultants/Engineers Inc. is not authorized to go beyond $80,000 in cost in 1996. Mrs. Kolata explained that the staff would need to return to the Commission to get authorization for Walker Parking Consultants/Engineers Inc. to spend any remaining amount because only $80,000 was appropriated in 1996. Upon a motion by Mr. Hojnacki and seconded by Mr. Hunt, the Commission approved the proposal from Walker H:\ HOME\ CPHIPPS \WPDATA \COMMSN\120696.MIN -4- COMMISSION APPROVED THE PROPOSAL FROM WALKER PARKING CONSULTANTS/ENGINEERS INC. FOR DESIGN SERVICES IN THE SOUTH BEND South Bend Redevelopment Commission Regular Meeting - December 6, 1996 5. OLD BUSINESS (Cont.) a. continued.... Parking Consultants/Engineers Inc. for design services in the South Bend Central Development Area as written. 6. NEW BUSINESS a. Public Hearing on Resolution No. 1474 determining to appropriate $180,500 from Fund 619 to fund certain improvements to the Blackthorn Golf Course. Mrs. Kolata asked that the following items be entered into the record: An Affidavit from the Tri- County News and South Bend Tribune that the Notice of Public Hearing was published on November 22, 1996. Mrs. Kolata noted that this resolution appropriates funds from the Blackthorn Golf Course operating budget to complete the cart -path system. She explained that $180,500 to be appropriated is higher than the contracted amount totaling approximately $145,000, for the cart-path system. Ms. Auburn operied the Public Hearing for anyone who wished to speak. There was no one who wished to speak regarding Resolution No. 1474. Ms. Auburn closed the Public Hearing for whatever action the Commission wished to take. H:\ HOME \CPHWPSMPDATA \COMMSN\120696.MIN -5- CENTRAL DEVELOPMENT AREA AS WRITTEN PUBLIC HEARING ON RESOLUTION NO. 1474 South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) b. Commission approval requested for Resolution No. 1482 confirming Resolution No. 1474 and appropriating $180,500 from Fund 619 to fund certain improvements to the Blackthorn Golf Course. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission adopted Resolution No. 1482 confirming Resolution No. 1474 and appropriating $180,500 from Fund 619 to fund certain improvements to the Blackthorn Golf Course. c. Commission approval requested for 1997 fees for Blackthorn Golf Course. Mrs. Kolata noted that the Blackthorn Golf Course schedule shows fees for 1996 and proposed fees for 1997. She noted that there was a small increase in some fees. Overall it represents a 3% increase in fees. Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, the Commission approved the 1997 fees for Blackthorn Golf Course. A copy of the 1997 fees is attached to these minutes. d. Commission approval requested for Resolution No. 1478 determining to appropriate monies for the purpose of defraying the expenses of certain local public improvements for the fiscal year beginning January 1, 1997 and ending December 31, 1997 including all H:\ HOME\ CPHIPPS \WPDATA \COMMSN\120696.MIN -6- COMMISSION ADOPTED RESOLUTION NO. 1482 CONFIRMING RESOLUTION NO. 1474 AND APPROPRIATING $180,500 FROM FUND 619 TO FUND CERTAIN IMPROVEMENTS TO THE BLACKTHORN GOLF COURSE COMMISSION APPROVED THE 1997 FEES FOR BLACKTHORN GOLF COURSE South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) d. continued.... outstanding claims and obligations, fixing a time when the same shall take effect. Mrs. Kolata noted that the proposed Blackthorn Golf Course budget for 1997 shows income totaling $1,562,303; expenses totaling $1,136,688; debt service totaling $361,000; and net operating income of $64,615. Mrs. Kolata noted that Blackthorn Golf Course opened in late August 1994. She stated that in that year the golf course ended with a slight deficit totaling approximately $3,800. In 1995, the golf course budget ended with a profit of $196,655 and in 1996 the estimated profit is approximately $300,000. Mrs. Kolata noted that the rounds of golf played were a little over 7,000 in 1994 and 27,115 in 1995. She stated that we are now projecting a total of 27,339 rounds of golf in 1996. Mrs. Kolata noted that Blackthorn Golf Course has shown some growth even with the poor weather in May and June. Mr. Hunt noted that the rounds of golf played in 1996 are close to those of 1995, and profitability of operations went up about 60 %. Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, H:\ HOME\ CPHWPS \WPDATA \COMMSN\120696.MIN -7- COMMISSION ADOPTED RESOLUTION NO. 1478 DETERMINING TO APPROPRIATE MONIES FOR THE South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) d. continued.... the Commission adopted Resolution No. 1478 determining to appropriate monies for the purpose of defraying the expenses of certain local public improvements for the fiscal year beginning January 1, 1997 and ending December 31, 1997 including all outstanding claims and obligations, fixing a time when the same shall take effect. Mrs. Kolata asked permission to add items 6.n and 6.o. to the agenda. There were no objections and the items were added to the agenda. e. Commission approval requested for Resolution No. 1480 approving an application for real property tax deduction for property located at 214 W. Jefferson Boulevard. (Phoenix Properties, Inc.) Mike Beitzinger gave the staff report. Phoenix Properties, Inc. proposes to renovate and convert the nearly 6,000 square foot vacant building at 214 W. Jefferson Boulevard (the former location of Barb's Restaurant). The renovations include, new wiring, plumbing, heating, cooling, ventilation, install stairs (as none currently exist), install new elevator (as the current one is nonfunctional), install interior walls, new lighting, paint exterior trim and first floor facade, renovate windows and power /acid wash brick walls. Upon completion of the first floor renovations, Dixie Cream Donuts is H:\ HOME\ CPHIPPS \WPDATA \COMMSN\120696.MIN -8- PURPOSE OF DEFRAYING THE EXPENSES OF CERTAIN LOCAL PUBLIC RAPROVEMENTS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 1997 AND ENDING DECEMBER 31, 1997 INCLUDING ALL OUTSTANDING CLAIMS AND OBLIGATIONS, FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT ITEMS 6.N. AND 6.0. WERE ADDED TO THE AGENDA South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) e. continued.... expected to move in. The top three floors are targeted for office use. The total cost fo the renovations is expected to exceed $65,000. Per the petition, the exact number of jobs to be created as a result of the project is indeterminable at this time, however, Phoenix Properties, Inc. Is hopeful to create between ten and fifteen (10 - 15) new jobs upon completion of the renovations and three (3) permanent full - time jobs will be retained, representing an annual payroll of approximately $90,000. A review of the tax abatements previously granted finds that Phoenix Properties, Inc. has not been granted any previous tax abatement consideration. The building commissioner has reviewed the petition and finds that property is located in an area presently designated as a Tax Abatement Impact Area, as well as the Economic Development Target Area and the Central Business District. A review of the Redevelopment designation areas finds that the property is located in the South Bend Central Development Area, which is a Tax Incremental Allocation Area, therefore, Phoenix Properties, Inc. first requires the approval of the South Bend Redevelopment Commission. A review of the Tax Abatement Ordinance finds that Phoenix Properties, Inc. meets the qualifications for a three (3) year real property tax abatement under (Mixed Use Developments in the Central Business H:\ HOME\ CPHIPPS \WPDATA \COMMSN\I20696.MIN -9- South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) e. continued.... District). Using an estimated project cost of $65,000, the total taxes generated is approximately $8,223. The estimated amount abated over three years is appproximately $5,482. The taxes still paid with the abatement is approximately $2,741. Steve Moerlein, Phoenix Properties, Inc. stated that this building can be renovated and put on the tax roles. He stated that the it has been vacant, the upper three floors, to his understanding for the last thirty -five years. Mr. Hojnacki asked Steve Moerlein did he have any specific plans for the upper levels of the building. Stever Moerlein stated that his office will be on one of the upper floors and the other floors will be renovated and leased out. Mr. Hojnacki stated that he disapproved of how the building will be used. He felt that this proposed project would not be the highest and best use for this particular property at this point, considering possible development of the South Jefferson Street area, as a whole. He stated that by granting an abatement without prior knowledge of the intended use and development of the area as a whole, at this time, would not be appropriate. H:\ HOME\ CPHIPPS \WPDATA \COMMSN\120696.MIN -10- South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) e. continued.... Mr. Hojnacki made a motion to table the tax abatement request. The motion was seconded by Mr. Hunt and unanimously carried. f. Commission approval requested for Resolution No. 1481 approving the transfer of real property to the City of South Bend, Indiana. (Sample -Ewing Development Area) Mrs. Kolata noted that the property in the 600 block of east Indiana is related to the house move project. She stated that the Redevelopment Commission will convey the property to the City of South Bend, and the Board of Public Works will convey the property to South Bend Heritage Foundation, who has been working on the house move project. Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, the Commission adopted Resolution No. 1481 approving the transfer of real property to the City of South Bend, Indiana. (Sample -Ewing Development Area) g. Commission approval requested for Loan and Grant in connection with the Affordable Loan Program for property located at 905 E. Calvert. (Marian L. Bartuska) Mrs. Kolata noted that this loan to Marian L. Bartuska is in the amount of $5,850.00 ILH:\ HOME\ CPHIPPS \WPDATA \COMMSN\120696.MIN -11- COMMISSION TABLED ITEM 6.E. COMMISSION ADOPTED RESOLUTION NO. 1481 APPROVING THE TRANSFER OF REAL PROPERTY TO THE CITY OF SOUTH BEND, INDIANA (SAMPLE - EWING DEVELOPMENT AREA) South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) g. continued.... at 0% interest for 10 years with monthly payments of $48.75. The grant is in the amount of $5,682.75. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved the Loan and Grant in connection with the Affordable Loan Program for property located at 905 E. Calvert. (Marian L. Bartuska) h. Commission approval requested for Loan and Grant in connection with the Affordable Loan Program for property located at 2529 Bertrand Street. (Lois A. Sanders) Mrs. Kolata noted that the loan to Lois A. Sanders is in the amount of $9,700.00 at 0% interest for 16 years with monthly payments of $50.52. The grant is in the amount of $9,449.55. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved the Loan and Grant in connection with the Affordable Loan Program for property located at 2529 Bertrand Street. (Lois A. Sanders) I. Commission approval requested for Certificate of Waiver in connection with the Rental Rehab Loan Program for property located at 208 E. Indiana. (Housing Development Corporation) H:\ HOME\ CPHIPPS \WPDATA \COMMSN\120696.MIN -12- COMMISSION APPROVED THE LOAN AND GRANT IN CONNECTION WITH THE AFFORDABLE LOAN PROGRAM FOR PROPERTY LOCATED AT 905 E. CALVERT. (MARIAN L. BARTUSKA) COMMISSION APPROVED THE LOAN AND GRANT IN CONNECTION WITH THE AFFORDABLE LOAN PROGRAM FOR PROPERTY LOCATED AT 2529 BERTRAND STREET. (LOIS A. SANDERS) South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) i. continued.... Mrs. Kolata noted that this Certificate of Waiver forgives $ 1,740.00 as of July 28, 1996. Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, the Commission approved the Certificate of Waiver in connection with the Rental Rehab Loan Program for property located at 208 E. Indiana. (Housing Development Corporation) j. Commission approval requested for Certificate of Waiver in connection with the Rental Rehab Loan Program for property located at 119 Elm Street. CW (Housing Development Corporation) Mrs. Kolata noted that this Certificate of Waiver forgives $850.00 as of October 1, 1996. Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, the Commission approved the Certificate of Waiver in connection with the Rental Rehab Loan Program for property located at 119 Elm Street. (Housing Development Corporation) k. Commission approval requested for Certificate of Waiver in connection with the Rental Rehab Loan Program for property located at 1139 Huey. (Barry Adams & Kevin Deal) H:\ HOME \CPHMPS \WPDATA \COMMSN\120696.MIN -13- COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN CONNECTION WITH THE RENTAL REHAB LOAN PROGRAM FOR PROPERTY LOCATED AT 208 E. INDIANA. (HOUSING DEVELOPMENT CORPORATION) COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN CONNECTION WITH THE RENTAL REHAB LOAN PROGRAM FOR PROPERTY LOCATED AT 119 ELM STREET. (HOUSING DEVELOPMENT CORPORATION) South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) k. continued.... Mrs. Kolata noted that this Certificate of Waiver forgives $850.00 as of May 15, 1996. Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, the Commission approved the Certificate of Waiver in connection with the Rental Rehab Loan Program for property located at 1139 Huey. (Barry Adams & Kevin Deal) 1. Commission approval requested for Certificate of Completion for Charles S. Hayes, Inc. in the Sample -Ewing Development Area. Mrs. Kolata noted that Charles Hayes has completed his project on the property at the corner of Franklin and Garst. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved the Certificate of Completion for Charles S. Hayes, Inc. in the Sample -Ewing Development Area. m. Commission approval requested for proposal from Lang Feeney and Associates, Inc. for professional services in the South Bend Central Development Area. Mrs. Kolata noted that this proposal is associated with the Trammell Crow and Memorial project. She stated that there is H:\110ME\ CPHIPPS \WPDATA \COMIv1SN\120696.MIN -14- COMMISSION APPROVED THE CERTIFICATE OF WAIVER IN CONNECTION WITH THE RENTAL REHAB LOAN PROGRAM FOR PROPERTY LOCATED AT 1139 HUEY. (BARRY ADAMS & KEVIN DEAL) COMMISSION APPROVED THE CERTIFICATE OF COMPLETION FOR CHARLES S. HAYES, INC. IN THE SAMPLE -EWING DEVELOPMENT AREA South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) m. continued.... a need for a property survey and legal description. She stated that Lang, Feeney and Associates, Inc. has submitted a proposal in the amount of $1,950.00, with the work to be completed in approximately two weeks, depending upon the weather. The staff recommends approving the proposal for professional services. Upon a motion by Mr. Hunt, seconded by Mr. Hojnacki and unanimously carried, COMMISSION APPROVED THE PROPOSAL FROM the Commission approved the proposal LANG FEENEY AND ASSOCIATES, INC. FOR from Lang Feeney and Associates, Inc. for PROFESSIONAL SERVICES IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA Professional Services in the South Bend Central Development Area. n. Commission approval requested for Addendum to Real Estate Lease between the Commission and Design Packaging, Inc. Mrs. Kolata noted that the Commission now owns the building on Niles Avenue previously owned by Design Packaging, Inc. Mrs. Kolata noted that Design Packaging, Inc. has some equipment and cardboard that remains in the plant. She stated that Design Packaging, Inc. doesn't expect to have the plant vacated until the end of June. Mrs. Kolata noted that Redevelopment had a lease agreement with Design Packaging, Inc. that allowed them to H:\HOIvE\CPMPPS\WPDATANCON4MSN\120696.WN -15- South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) n. continued.... continue to occupy the property if they paid all costs associated with and maintained the property while they're under the lease agreement. The staff recommends extending that lease until June 30, 1997. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission approved the Addendum to Real Estate Lease between the Commission and Design Packaging, Inc. o. Commission approval requested for Agreement for Purchase and Sale of Real Estate for property at 529 Crescent Avenue. Mrs. Kolata noted that a purchase offer was previously sent to Handling Technologies, Inc. for property at 529 Crescent Avenue. She noted that the property is immediately adjacent to and up the hill from Design Packaging, Inc. on Niles Avenue. She stated that the staff sent a purchase offer that authorized $40,000 payable in four installments of $10,000 a year to Dennis Hartman, the owner of the building. She stated that Dennis Hartman made a counter offer in the amount of $28,000. Dennis Hartman stated that he would accept a lump -sum cash payment, if it H:\ HOME\ CPHIPPS \WPDATA \COMMSN\120696.MIN -16- COMMISSION APPROVED THE ADDENDUM TO REAL ESTATE LEASE BETWEEN THE COMMISSION AND DESIGN PACKAGING, INC. South Bend Redevelopment Commission Regular Meeting - December 6, 1996 6. NEW BUSINESS (Cont.) o. continued.... could be paid in full by the end of 1996. The staff recommends approving the counter offer. Upon a motion by Mr. Hojnacki, seconded by Mr. Hunt and unanimously carried, the Commission accepted the $28,000 counter offer and approved the Agreement for Purchase and Sale of Real Estate for property at 529 Crescent Avenue. 7. PROGRESS REPORTS Mrs. Kolata noted that "Downtown for the Holidays" starts this weekend. The ceremony : starts at 4:45 p.m. in front of the Morris Civic Plaza and lighting of the Christmas tree is at 6:00 p.m. Mrs. Kolata stated that there was an article in yesterday's newspaper, acknowledging the new Letter of Credit for the Hall of Fame financing. This is estimated to save approximately $90,000 per year in interest costs. Mrs.Kolata credited Kevin Horton, Jenny Pitts - Manier, and Randy Rampola from Baker & Daniels, who did all the work on the revised Letter of Credit. Blackthorn —James Riggs gave a brief report and showed some slides on the goals and accomplishments in the Airport Economic Development Area. In 1990 twenty year targets were established for the Blackthorn Development Area. It was projected that the area would create 5,414 new jobs by 2010. H:\ HOME \CPHWPS \WPDATA \COMMSNU 20696.1,,IN -17- CONMSSION ACCEPTED THE $28,000 COUNTER OFFER AND APPROVED THE AGREENIENT FOR PURCHASE AND SALE OF REAL ESTATE FOR PROPERTY AT 529 CRESCENT AVENUE South Bend Redevelopment Commission Regular Meeting - December 6, 1996 To date nearly 1,800 jobs have been created. Since 1991, the net assessed value in Blackthorn increased by nearly $13,500,000. Over the last six years, the private sector has invested over $165 million in the Blackthorn Development Area. This figures represents more than 25% of the objective of over $680 million of investment by 2010. The Michiana Regional Transportation Center now serves over 1 million air, rail and bus passengers annually. The Blackthorn Development Area has seen over 2.2 million square square feet of new construction over the past six years. To date the Corporate Park has over $15 million dollars of private construction activity in projects announced, completed, or underway. Mrs. Kolata summarized that we are well on our way to meeting the goals set in 1990. Hall of Fame —Mr. Jim Cierzniak asked to speak to the Commission about the Hall of Fame. He stated that he has been tracking the Economic Research Associates' projections associated with the College Football Hall of Fame. He stated that in 1993 Economic Research Asssociates projected the College Football Hall of Fame's revenue, expenses, and net operating income for 1995 and 1996. He stated that Economic Research Associates projected revenue, for the first four months of business ending December 1995, to total $1,314,855, after taking out the cost of goods sold. The actual revenue for the first four months ending December 1995, totaled $905,869. He stated that Economic Reasearch Associates overestimated revenue H:\ HOME\ CPHIPPS \WPDATA \COMMSN\120696.MIN -18- South Bend Redevelopment Commission Regular Meeting - December 6, 1996 by 31 %. He stated that Economic Research Associates projected expenses to be $1,159,635 in 1995. In fact, actual expenses totaled $1,412,123. He stated that Economic Research Associates underestimated expenses by 22 %. He stated that Economic Research Associates projected profits totaling $155,220 in the first twelve months of 1995 and 1996, when in fact there was a loss of $506,254 in the first twelve months of 1995 and 1996. Mr. Cierzniak stated that prior to the Economic Research Associates' study, South Bend's Hall Team estimated revenue to total $903,260 in 1995, underestimating by only .3 %. He stated that the South Bend Hall Team estimated the first year expenses to be $791,180, in 1995, underestimating expenses by 78 %. Jim Cierzniak felt Economic Research Associates' revenue, expense and net operating income projections, for the College Football Hall of Fame, were not close to what the actual numbers show for 1995 and 1996. 8. NEXT COMMISSION MEETING: The next Regular Meeting of the NEXT COMMISSION MEETING Redevelopment Commission is scheduled for December 20, 1996 at 10:00 a.m. 9. ADJOURNMENT There being no further business to come ADJOURNMENT before the Redevelopment Commission, Mr. Hunt made a motion that the meeting be adjourned. H:\ HOME\ CPHIPPS \WPDATA \COMMSN\120696.MIN -19- South Bend Redevelopment Commission Regular Meeting - December 6, 1996 Mr. Hojnacki seconded the motion and the meeting was ad' ourned at 1 :47 a.m. Ann E. Kolata, Director H:\ HOME\ CPHIPPS \WPDATA \COMMSN\120696.MIN -20- Paula N. Auburn, President BLACKTHORN GOLF CLUB PROPOSED 1997 FEES WEEKDAY GREEN FEES 1996 18 Holes Resident $29 $15 $30 $16 9 Holes Resident $41 $43 18 Holes Non-Resident $21 $22 9 Holes Non - Resident $22 $24 18 Holes AM Resident $28 $30 18 Holes AM Non-Resident 18 Holes Twilight Resident (3pm/5pm) $22/$15 $241$16 18 Holes Twilight N011-Resident (3pm/5pm) $28/$21 $30/$22 18 Holes Spring/Fall Resident $22 $24 9 Holes spring/Fall Resident $15 $24 18 Holes Spring/Fall Non - Resident $16 9 Holes Spring/Fall Non-Resident $15 - , 18 Holes Junior $15 $10 $15 $10 9 Holes Junior $10 $10 Complimentary WEEKEND GREEN FEES 18 Holes Resident $33 $35 $20 9 Holes Resident $18 $46 $47 18 Holes Non - Resident $24 $25 9 Holes Non - Resident $18 18 Holes Junior $18 $12 $12 9 Holes Junior 18 Holes Spring/Fall Resident $26 $27 18 Holes Spring/Fall Non - Resident $26 $27 18 Holes Twilight Resident $24 $25 18 Holes Twilight Non - Resident $32 $33 CART FEES (cart fees include tax) 18 Holes Regular $12 $12 9 Holes Regular 18 Holes Twilight/AM A k" FJ R O V E $6 $5 $6 18 Holes Spring/Fall M = $5 $5 $5 Rider Fee F, =_ D44�1