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HomeMy WebLinkAbout1991-03-08 Minutes~.. ti SOUTH BEND REDEVELOPMENT AUTHORITY • SPECIAL MEETING March 8, 1991 1200 County-City Building 8:30 a.m. 227 W. Jefferson Boulevard Presiding: Joseph Wroblewski South Bend, Indiana 46601 President The March 8, 1991, Special Meeting of the Redevelopment Authority was called to order at 8:30 a.m. by its President, Joseph Wroblewski. There was a quorum present. 1. ROLL CALL • 2. Members Present: Mr. Joseph Wroblewski, President Mr. Andre Gammage, Vice-President Mr. Don Fewell, Secretary Legal Counsel: Mr. Richard A. Nussbaum II Redevelopment Staff: Mrs. Ann Kolata, Director Mrs. Cheryl Phipps, Office Manager Media: Mr. Don Porter, South Bend Tribune Mr. Bryan Johnson, FM98 Ms. Donna Terrell, WSBT Ms. Judy Peters, WSBT Mr. Howard Dukes, South Bend Tribune Others: The Honorable Judge John Montgomery APPROVAL OF MINUTES a. Approval of Minutes of the Special Meeting of Wednesday, January 29, 1991 Upon a motion by Mr. Fewell, seconded by Mr. Gammage and unanimously carried, the Authority approved the Minutes of the Special Meeting of Wednesday, January 29, 1991. 3. OLD BUSINESS a. Authority approval requested for Resolution No. 33 establishing and adopting a procedure for the purchase of property needed or considered useful in connection with any redevelopment project or purpose of the South Bend Redevelopment Commission. Mrs. Kolata noted that the resolution was presented as a draft at the last meeting. After further staff discussion, it is presented for action today. The law establishing the Redevelopment Authority set forth that the Authority could -1- i South Bend Redevelopment Authority • Special Meeting - March 8, 1991 3. OLD BUSINESS (Cont.) a. continued... purchase land, but did not set forth procedures for the purchase of land. Resolution No. 33 spells out that there are two different sections of Indiana law that relate to purchase of property by political subdivisions. One specifically excludes the Redevelopment Authority and the other provides procedures for the Redevelopment Commission, but does not say that the Redevelopment Authority must follow those procedures. The Authority works in furtherance of projects established by the Redevelopment Commission. Resolution No. 33 determines that the Authority will follow procedures similar to those of the Redevelopment Commission and outlines that procedure. This will allow for consistency in the handling of projects, whether acquisitions are implemented by the Redevelopment Commission or the Redevelopment Authority. Upon a motion by Mr. Gammage, seconded by Mr. Fewell and unanimously carried, the Authority approved Resolution No. • 33 establishing and adopting a procedure for the purchase of property needed or considered useful in connection with any redevelopment project or purpose of the South Bend Redevelopment Commission. 4. NEW BUSINESS a. Authority approval requested for Resolution No. 34 expressing its intent to expand Stanley Coveleski Regional Stadium for the purpose of bringing a Triple-A franchise to the City of South Bend. Mr. Nussbaum introduced Judge Montgomery who is chairman of the Mayor's committee making recommendations on the Triple-A franchise. Mr. Nussbaum explained Resolution No. 34. South Bend has been in the process of trying to bring a Triple-A franchise to Stanley Coveleski Regional Stadium. The National League Major League decided to add two teams for the 1994 season. Minor League baseball has followed suit to accommodate those two teams. South Bend responded t August 1990 by filing franchise. We made a • expansion committee i application. Four of o a request for proposals sent out in an application for a Triple-A formal presentation to the Triple-A n November. Twenty cities made those cities have met the objective -2- \. Y, South Bend Redevelopment Authority • Special Meeting - March 8, 1991 4. NEW BASINESS (Cont.) a. continued... criteria set by the committee.. Ten others, South Bend among them, lacked a couple of the objective criteria: 1) securing subscriptions for 2500 season tickets, and 2) commitment to expand the present facility to a seating capacity of 10,000. Mr. Nussbaum noted that we are well on our way to securing the 2500 season ticket subscriptions. The stadium currently seats 5,000 patrons. It was built with the capacity to add a second deck of seating by raising the roof. However, the cost estimate for that type of expansion was $4.5 - $5 million and was deemed too costly. The current proposal is to add additional seating down each foul line, totalling the additional 5,000 seats. This method of expansion is estimated to cost $2 million. The Triple-A expansion committee is asking the cities which do not have 10,000 seating capacity to commit in writing that they will expand their stadium to seat 10,000 if they • should be awarded a Triple-A expansion team. We would like to present to the Triple-A expansion committee three resolutions, from the Redevelopment Authority, the Redevelopment Commission, and the South Bend Common Council stating that they will expand Stanley Coveleski Stadium to 10,000 seats if South Bend is awarded a Triple-A team. If South Bend is not awarded a Triple-A expansion team, it would not expand the stadium at this time. Mr. Nussbaum noted that this commitment must be rendered by March 31. After March 31 the "must perform" list will be narrowed down. Teams will either be out of the running or be added to the short list competing for the Triple-A teams.. The cities on the short list will receive site visits. The Major Leagues will be making a decision on June 13 regarding which cities will receive Major League expansion teams. Two of the applicants for Major League teams currently have Triple-A franchises. If one or both of those cities receive a Major League franchise, that would open up the opportunity for one or two additional Minor League franchises and South Bend's chances would be higher. • Mr. Nussbaum showed the video presentation made by Golden Dome Productions which was a part of the presentation to the Triple-A expansion committee. -3- ~- South Bend Redevelopment Authority • Special Meeting - March 8, 1991 4. NEW BUSINESS (Cont.) a. continued... Mr. Nussbaum noted that the decision on how to expand the stadium was made based on a desire to maintain the integrity of this beautiful facility and the desire to ensure that no tax dollars would be used to finance the expansion. We believe the increased revenues generated by the expansion would provide the ability to finance it without the Commission having to levy a tax to pay for the expansion. Mrs. Kolata noted that the Redevelopment Commission will be considering a similar resolution at their meeting this morning. We expect the financing would be a lease/purchase bond similar to the one used to refinance the present stadium and the Commission would be the lessee. The South Bend Common Council would have to approve the lease. That is why all three bodies need to approve the action. Upon a motion by Mr. Fewell, seconded by Mr. Gammage and unanimously carried, the Authority approved Resolution No.34 expressing its intent to expand Stanley Coveleski . Regional Stadium for the purpose of bringing a Triple-A franchise to the City of South Bend. b. Authority annrnval rarnicctcA fr.r vee+..i„~;...,. wTr. -~c Relocations Assistance and Real Property Acquisitions Policies Act of 1970 (42 U S C Sec 4601-4655) and ratifvinct actions taken pursuant thereto. Mrs. Kolata noted that state law provides requirements for relocation under all non federal sources of funds. The Federal Uniform Relocation and Property Acquisition Act applies to projects where federal funds are used. Its relocation requirements are different from the state requirements and are generally more generous. State law allows us to choose to follow .federal law for all projects. The staff feels that there should be consistency in all our relocation efforts and wishes to follow federal law in all relocations, regardless of the source of funds. Upon a motion by Mr. Gammage, seconded by Mr. Fewell and unanimously carried, the Authority approved Resolution No. 35 declaring its intent to comply with the Federal Uniform Relocations Assistance and Real Property Acquisitions Policies Act of 1970 (42 U.S.C. Sec. 4601-4655) and • ratifying actions taken pursuant thereto. -4- South Bend Redevelopment Authority • Special Meeting - March 8, 1991 4. NEW BUSINESS (Cont.) c. Authority approval requested for Resolution No 36 relating to acquisition of property in the Airport Economic Development Area by eminent domain. Mrs. Kolata noted that this resolution is the first resolution related to the acquisition of property in the Airport Economic Development Area. The resolution states that it is necessary or considered useful in connection with the development plan for the area to acquire these parcels. It ratifies the appointment of the appraisers for the property and accepts the appraisals that were received. It also authorizes the staff to send a purchase offer for the price listed on Attachment "A" and authorizes the use of eminent domain procedures to acquire the property if agreement to price is not reached within 30 days. Mrs. Kolata noted that she and Jon Hunt have been meeting individually with the property owners to discuss the procedures under which the offers would be made, to talk about the relocation benefits that are available, and to discuss the approximate value of their property, based on • the appraisals. They have met with four property owners to date. Mrs. Kolata noted that the 30 day limit to agree on price is not a firm rule. If good faith negotiations are taking place, the time is extended. Upon a motion by Mr. Gammage, seconded by Mr. Fewell and unanimously approved the Authority approved Resolution No. 36 relating to acquisition of property in the Airport Economic Development Area by eminent domain. d. Authority at~proval requested for Resolution No 37 aporovina an Addendum to the Official Statement relating to the issuance_of the South Bend Redevelopment Authority distribution of information. Mrs. Kolata explained that Resolution No. 37 relates to a technical issue on the $2,355,000 tax exempt Airport area bond. Merrill Lynch bought the bonds and re-offered certain bonds to the public at less than their par value, which caused "original issue discounts." The Official Statement needs to include all of the terms of the bond • issue and this is something that came up after the sale. -5- South Bend Redevelopment Authority • Special Meeting - March 8, 1991 4. NEW BUSINESS (Cont.) d. continued... The Addendum to the Official Statement amends the Official Statement to provide disclosure language regarding the original issue discounts. Upon a motion by Mr. Fewell, seconded by Mr. Gammage and unanimously carried, the Authority approved Resolution No. 37 approving an Addendum to the Official Statement relating to the issuance of the South Bend Redevelopment Authority Lease Rental Revenue Bonds (Airport Economic Development Area Public Improvement Project) and authorizing distribution of information. 5. ADJOURNMENT There being no further business to come before the Authority, Mr. Fewell made a motion that the meeting be adjourned. Mr. Gammage seconded the motion and the meeting was adjourned at 9:02 a.m. • c J sep Wroblewski, President • C~ G~~ Ann E. Kolata, Director -6-