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HomeMy WebLinkAboutSM 09-08-00SOUTH BEND REDEVELOPMENT COMMISSION SPECIAL MEETING September 08, 2000 9:30 a.m. Presiding: Robert W. Hunt, President 1. ROLL CALL Members Present: Legal Counsel: 1308 County -City Building 227 West Jefferson Boulevard South Bend, Indiana Mr. Robert W. Hunt, President Ms. Marcia Jones, Vice - President Mr. Philip J. Faccenda, Secretary Mr. Matt Kahn, Member Mr. James Caldwell, Member Ms. Cheryl Greene Redevelopment Staff: Mr. Jon Hunt, Director Ms. Cheryl Phipps, Recording Secretary Mr. Owen Rock, Economic Development Specialist Mr. Andrew Laurent, Economic Development Specialist Mr. Michael Giulioni, Economic Development Specialist Mr. Robert Case, Economic Development Specialist 2. APPROVAL OF MINUTES There were no minutes. 3. CLAIMS There were no claims. 4. COMMUNICATIONS There were no Communications. 5. OLD BUSINESS There was no Old Business. 4- THERE WERE NO MINUTES THERE WERE NO CLAIMS THERE WERE NO COMMUNICATIONS THERE WAS NO OLD BUSINESS South Bend Redevelopment Commission Special Meeting - September 08, 2000 6. NEW BUSINESS a. Commission approval requested for the Crowe Chizek Redevelopment Agreement. Ms. Greene explained that Crowe Chizek would give a 15 year commitment to remain in South Bend and to expand their existing facility. During the first 5 years of the project, they would retain an existing 433 jobs and over the first 5 year phase, would add an additional 150 jobs, with that phase end around December 31, 2006. She went on to say that starting early next year, Crowe Chizek plans to erect a 50,000 sq. ft. building adjacent to their existing building, which will house the increased workforce. Ms. Greene stated that the Redevelopment Agreement states that Redevelopment will provide the room for the expansion through certain street vacations and to assist in the acquisition of certain nearby properties for Crowe Chizek. She also explained that the agreement sets penalties for failure to meet the commitment of the number of jobs and credits for exceeding the number of jobs. She noted that the penalties and credits are based on the public cost per job and that takes into consideration any cost relating to the improvement of the infrastructure for the site. Ms. Greene stated that the Redevelopment Agreement creates an allowance for additional expansion beyond the initial 150 jobs in the first 5 years, by having two additional phases for the project. She noted that each phase would tie in penalties and credits related to the cost imposed by the expansion. -2- South Bend Redevelopment Commission Special Meeting - September 08, 2000 6. NEW BUSINESS (CONT.) a. continued... Mr. Jon Hunt reported that the City will be receiving a $750,000 grant from the Department of Commerce to help with the infrastructure costs. He noted that the total project cost for phase one will be approximately $3.4 million. Mr. Hunt also noted that Crowe Chizek will receive a direct training grant from the Department of Commerce in the amount of $35,000. Mr. Caldwell expressed the Commission's appreciation for the staffs hard work to put this agreement together. It is important to the local economy to keep such a good employer in South Bend. Upon a motion by Mr. Faccenda, seconded by Mr. Caldwell and unanimously carried, the APN Commission approved the Crowe Chizek Redevelopment Agreement. 7. PROGRESS REPORTS There were no progress reports. 8. NEXT COMMISSION MEETING The next Regular Meeting of the Redevelopment Commission is scheduled for September 15, 2000, at 10:00 a.m. L' ._1 1 :►U 9► There being no further business to come before the Redevelopment Commission, Ms. Jones made a motion that the meeting be adjourned. Mr. Kahn seconded the motion and the meeting was adjourned at 9:40 a.m. IL Robert W. Hunt, President -3- COMMISSION APPROVED THE CROWE CHIZEK REDEVELOPMENT AGREEMENT THERE WERE NO PROGRESS REPORTS NEXT COMMISSION MEETING ADJOURNMENT Don Inks, Director