HomeMy WebLinkAboutRedevelopment Commission Minutes 7.22.21
South Be n d.
Redevelopment Commission
227 West Jefferson Boulevard, Room 1308, South Bend, IN
46601
SOUTH BEND REDEVELOPMENT COMMISSION
REGULAR MEETING
July 22, 2021
9:30 a.m.
Presiding: Marcia Jones, President South Bend, Indiana
The meeting was called to order at 9:35 a.m.
1. ROLL CALL
Members Present: Marcia Jones, President
Don Inks, Vice-President
Troy Warner, Commissioner
Eli Wax, Commissioner
Members Absent: Quentin Phillips, Secretary
Leslie Wesley, Commissioner
Legal Counsel: Sandra Kennedy, Esq.
Redevelopment Staff: Mary Brazinsky, Board Secretary
Others Present:
Santiago Garces
Tim Corcoran
Andrew Netter
Jeff Ryan
Michael Surak
Kyle Silveus
Zach Hurst
Charlotte Brach
Conrad Damian
DCI
DCI
DCI
Real America
Real America
Engineering
Engineering
Engineering
Resident
South Bend Redevelopment Commission Regular Meeting – July 22, 2021
2. Approval of Minutes
• Approval of Minutes of the Regular Meeting of Thursday, July 8, 2021
Upon a motion by Commissioner Warner, seconded by Commissioner Wax, the
motion carried unanimously, the Commission approved the minutes of the
regular meeting of Thursday, July 8, 2021.
3. Approval of Claims
• Claims Submitted for July 14a, July 20b, and July 20c, 2021
Upon a motion by Vice-President Inks, seconded by Commissioner Wax, the
motion carried unanimously, the Commission approved the claims for July 14a,
July 20b, and July 20c, 2021 submitted on Thursday, July 22, 2021.
4. Old Business
5. New Business
A. River West Development Area
1. Purchase Agreement (RealAmerica)
Mr. Garces Presented a Purchase Agreement (RealAmerica). This is for the sale
of 6 vacant lots across from the South Bend Cubs ballpark to RealAmerica in the
amount of $1,000 for potential redevelopment as a $12,000,000 mixed-income
multi-family housing complex. RealAmerica is applying for low-income housing tax
credits with an application being submitted to the state of Indiana by the end of
July. This has already received support from the Council if the project moves
forward. This will include 60 units of affordable housing with 12 of them being
reserved for those with disabilities and then adding an additional 67 units that
would be market rate that would come at a later date. Just a note that the
difference of the assessed value and the sale price counts as points that the
applicant has towards the tax credits. Commission approval is requested.
Commissioner Wax asked about the option in the REPA to purchase even if
RealAmerica does not receive the tax credits.
Mr. Garces responded that the developers are excited to do a project there
regardless of receiving the tax credits.
Mr. Jeff Ryan, Vice-President of Development for RealAmerica spoke to the
project stating that they are looking at the project first as the tax credits taking the
lead. The goal is to complete and submit the application in July 2021 and get the
awarded project in November 2021. Construction of all 127 units would then begin
next Spring (2022). If they are not successful on the tax credit application, they
will re-evaluate the program and may re-apply. They are very excited about the
site; speaking with his market analysis this morning, he said it is a very strong
South Bend Redevelopment Commission Regular Meeting – July 22, 2021
market for the project they are looking to provide to South Bend residents.
Upon a motion by Vice-President Inks, seconded by Commissioner Wax, the
motion carried unanimously, the Commission approved Purchase Agreement
(RealAmerica) submitted on Thursday, July 22, 2021.
6.Progress Reports
A.Tax Abatement
B.Common Council
C.Other
7.Next Commission Meeting:
Thursday, August 12, 2021, 9:30 a.m.
8.Adjournment
Thursday, July 22, 2021, 9:42 a.m.
Donald Inks, Vice-President Marcia Jones, President