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Home My WebLink About01-08-2024 Community Investment Meeting Minutes (Signed) 41it OFFICE OF THE CITY CLERK BIANCA L.TIRADO, CITY CLERK COMMUNITY INVESTMENT JANUARY 8, 2024 4:30 P.M. Committee Members Present: Troy Warner, Rachel Tomas Morgan. Ophelia Gooden- Rodgers, Sherry Bolden-Simpson, Citizen Member Kane Committee Members Absent: Other Council Present: Canneth Lee, Dr. Oliver Davis Others Present: Bianca L. Tirado, Danica Kulemeka, Elivet Quijada- Navarro, Victoria Stowell, Bob Palmer Presenters: Erik Glavich, Dr LaRissa Chism Buggs, Pastor David Buggs Agenda: Bill No. 24-01- Correcting Scrivener's Error: Retail Development Real Property Tax Abatement Petition for Peak Investment and Asset Management LLC Bill No. 24-02- Confirming Resolution- Mixed-Use Development Real Property Tax Abatement Petition for the Nexus Center, LLC Committee Chair Troy Warner called to order the Community Investment Committee meeting at 4:30p.m. He gave a brief overview of the agenda and then proceeded to hand the meeting over to the presenter. Please note the attached link for the meeting recording: https://docs.southbendin.gov/WebLink/Browse.aspx?startid=8&dbid=0 Bill no. 24-01- Correcting Scrivener's Error: Retail Development Real Property Tax Abatement Petition for Peak Investment and Asset Management LLC Chair Warner entertained a motion to accept substitute Bill No. 24-01 Vice-Chair Thomas-Morgan moved to accept substitute Bill No. 24-01, seconded by Chair Warner. A roll call vote was held, Chair Warner-Aye Vice-Chair Tomas Morgan-Aye Councilmember Bolden-Simpson-Aye Councilmember Gooden-Rodgers-Aye INTEGRITY' SERVICE ACCESSIBILITY Danica Kulemeka Elivet Quijada-Navarro Victoria Stowell 4►rut Dip ro Gnat 41..ru, tin n,tlwtr-filel•rods% IMia narx'in.iv trwi r. EXCELLENCE I ACCOUNTABILITY I INNOVATION ; INCLUSION I EMPOWERMENT 455 C otAv. Cry BAdwn 227 W. x-Ortior'Ertl :South Bend k►diana 44460: p 5'14 235 422'. ►5 74 235 4:/3 tow.,outs rrxM I(or CITY OF SOUTH BEND I OFFICE OF THE CLERK Citizen Member Kane-Aye Substitute bill was adopted, five(5) aye. Erik Glavich, Director of Growth and Opportunity, l4th floor of the City-County Building gave a presentation concerning Bill No. 24-01 Revisiting a tax abatement approves by Council in 2023. This resolution is to correct a Scrivener's Error made in Resolution No. 5031-23 made August 28, 2023, and in Resolution No. 5031-23 made June 26, 2023. In speaking with the Legal Department, the solution found was to present a substitute bill. The tax abatement was approved by Council in July; however, it incorrectly did not include all of the parcels that should have been included in the abatement. In August, to resolve the oversight Council considered and adopted a Scrivener's Error that added in those parcels; however the bill was given the same number as its predecessor. This Scrivener's Error resolves the August bill's error. The presented resolution is the carbon copy of the resolution that went in front of the Council in August. Chair Warner thanked Mr. Glavich for the narrative concerning Bill No. 24-61 Correcting Scrivener's Error and proceeded to open the floor to the Committee for questions. No Committee member had questions. Chair Warner opened the floor to members of the public for questions and comments. No members of the public had questions. Chair Warner opened the floor to members of the Committee for comments. Committee Member Lee thanked Mr. Glavich and expressed that the 1st District was eagerly anticipating this project. He also thanked the owner for his patience. Vice-Chair Tomas Morgan expressed regret at the number of times this has been delayed and thanked Mr. Glavich for catching the error. Chair Warner entertained a motion send Resolution No. 24-01 to full Council- Vice-Chair Tomas Morgan motioned to send Bill No. 24-01 to full Council with a favorable recommendation. Committee member Bolden-Simpson seconded the motion which carried with a roll call of number(5) ayes. Chair Warner-Aye Vice-Chair Tomas Morgan-Aye Councilmember Bolden-Simpson-Aye Councilmember Gooden-Rodgers-Aye Citizen Member Kane-Aye EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT 455 County-City Building 1227 W.Jefferson Bvld'South Bend,Indiana 46601I p 574.235.922111574.235.9173ITTD574.235.55o57Iwww.sou..itetnd 7.go� rr, .Y4 k fr t•..t.„,„,,, -,„,,,......4.,. .:. OFFICE OF THE CITY CLERK BIANCA L.TIRADO, CITY CLERK Bill no. 24-02- Confirming Resolution- Mixed-Use Development Real Property Tax Abatement Petition for the Nexus Center, LLC Erik Glavich, Director of Growth and Opportunity, 14th floor of the City-County Building gave a presentation concerning Bill No. 24-02. Confirming Resolution for Tax Abatement for the Nexus Center. The Nexus Center is developing a mixed-use development at the corner of Sherwood and S. Main Street. The final stage of the development will develop the finally bigger community space and the exterior of the building. Total private investment of$2.4 million. Once the projected is completed the Nexus Center will hire ten(10) new full-time staff with an average wage of twenty dollars ($20) an hour. The abatement will only affect the final stage of the abatement. Chair Warner thanked Mr. Glavich for the narrative concerning Resolution No. 24-02 and proceeded to open the floor to the Committee for questions. No Committee member had questions. Chair Warner opened the floor to members of the public for questions and comments. No members of the public had questions. Chair Warner opened the floor back to the Petitioners. Pastor David Buggs, The Nexus Center, 3607 South Main Street, South Bend IN 46614. Congratulated new members of the committee and expressed excitement to embark on a wonderful project that will enhance the lives of disadvantaged South Bend residents. Chair Warner opened the floor to members of the Committee for comments. No Committee member had a comment. Chair Warner entertained a motion send Resolution No. 24-02 to full Council. Vice-Chair Tomas Morgan motioned to send Bill No. 24-02 to full Council with a favorable recommendation. Chair Warner seconded the motion which carried with a roll call of five(5) ayes. Chair Warner-Aye Vice-Chair Tomas Morgan-Aye Councilmember Bolden-Simpson-Aye Councilmember Gooden-Rodgers-Aye INTEGRITY!SERVICE!ACCESSIBILITY D tca R unelta F3ivet Qnijada-Navarro Victor. Stowell w surf D tnvitNettevon orPax, Omicron or town EXCELLENCE I ACCOUNTABIUTY I INNOVATION !INCLUSION I EMPOWERMENT 455 County-City Bolding 1227 W.Jefferson I South Bend.kr)isna 46601 1 0 57423$.9221 i t 574.235.9173 I vrww.sotN'14 >ov • 0 CITY OF SOUTH BEND I OFFICE OF THE CLERK Citizen Member Kane-Aye With no further business, Chair Troy Warner adjourned the Community Investment Committee meeting at 4:52 p.m. Respectfully sub ' ed, Troy Warne , Corn 1tte- ' air NOTICE FOR HEARING AND SIGHT IMPAIRED PERSONS Auxiliary Aid or Other Services may be Available upon Request at No Charge Please give Reasonable Advance Request when Possible • EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT 455 County-City Building1227W.Jefferson BvldISouth Bend,Indiana 466011p574.235.9221 f574.235.9173ITTD574.235.5567Iwww.southbendin.gov