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HomeMy WebLinkAboutRedevelopment Commission Minutes 05.22.25 - Signed CITY OF SOUTH BEND REDEVELOPMENT COMMISSION SOUTH BEND REDEVELOPMENT COMMISSION MINUTES May 22, 2025, at 9:30 a.m. Council Chambers 4th Floor, County-City Building https://tinyurl.com/RDC-2025-4T The South Bend Redevelopment Commission was called to order at 9:31 a.m. President Troy Warner presiding. 1. ROLL CALL Members Present: Troy Warner, President David Relos, Vice President Eli Wax, Secretary Gillian Shaw, Commissioner Ophelia Gooden-Rodgers, Commissioner Members Absent: Marcus Ellison, Non-Voting Advisor Legal Staff: Danielle Campbell Weiss, Senior Asst. City Attorney Redevelopment Staff: Caleb Bauer, Exec. Director, DCI Erik Glavich, Director of Growth and Opportunity, DCI Rosa Tomas, Director of Finance, DCI - Virtual Joseph Molnar, Asst. Dir. of Growth and Opp., DCI Erin Michaels, Property Development Manager, DCI Laura Hensley, Board Secretary, DCI Others Present: Greg Swiercz, South Bend Tribune Regina Emberton, 130 S. Main St. Chloe Bartz, Intern in Legal Department David Sieradzki, Century Builders Jim Sieradzki, Century Builders CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 22, 2025 2 2. Approval of Minutes A. Approval of Minutes of the Regular Meeting of Thursday, May 8, 2025 Upon a motion by David Relos for approval, second by Ophelia Gooden- Rodgers, the motion carried unanimously; the Commission approved the minutes of the regular meeting of May 8, 2025. 3. Approval of Claims A. Claims Allowances April 29, 2025 Upon a motion by Ophelia Gooden-Rodgers for approval second by Troy Warner, the motion carried unanimously; the Commission approved the claims allowances of April 29, 2025. B. Claims Allowances May 8, 2025 Upon a motion by Ophelia Gooden-Rodgers for approval second by Troy Warner, the motion carried unanimously; the Commission approved the claims allowances of May 8, 2025. 4. Old Business A. None 5. New Business A. River West Development Area 1. Purchase Agreement for 802-812 S. Lafayette Blvd. (ChoiceLight, Inc.) Erin Michaels, Property Development Manager, presented a purchase agreement of three (3) parcels located at 802-812 S Lafayette Blvd that were put through disposition on July 14, 2016 and received no bids on August 11, 2016. The proposed purchase agreement would be between RDC and ChoiceLight, Inc. with these terms. • Purchase price of $15,750.00 • Due Diligence Period: Sixty (60) days following approval of Agreement • Closing Period: Twenty (20) days after the end of the Due Diligence Period • Development of a telecommunications shelter CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 22, 2025 3 Secretary Wax inquired about whether there have been any new appraisals lately and Ms. Michaels stated that the purchase price was the average of two appraisals from 2021 and not much has changed since. Commissioner Relos recommended as part of the developer’s due diligence; that she should contact Hamilton Towing regarding environmental studies done in the past. Upon a motion by David Relos for approval, seconded by Eli Wax, the motion carried unanimously; the Commission approved the Purchase Agreement as presented on May 22, 2025. 2. License Agreement for Temporary Use for 332 W. Jefferson Blvd. (Historic Hearthstone LLC) Erin Michaels, Property Development Manager, proposed a license agreement for temporary use of 332 W. Jefferson by the adjacent property owner and would permit the adjacent property owner, Historic Hearthstone LLC, to store one commercial-sized dumpster on the parcel located at 332 W Jefferson that is currently owned by the Redevelopment Commission. The Redevelopment Commission previously approved a Development Agreement for Historic Hearthstone LLC for the renovation of the neighboring property at 321 W. Wayne. The proposed License Agreement will further aid in the redevelopment of a long-underutilized structure for a minimum investment of $1.5 million with a RDC commitment of $70,000. The term for the proposed license agreement is for five (5) years commencing from the effective date of this agreement and can be terminated by either party with thirty (30) days’ notice for one (1) commercial-sized dumpster. Regina Emberton with Historic Hearthstone LLC stated that the new tenant leasing the building is called Ivy Alley Social House, a family- friendly restaurant with duckpin bowling. Commissioner Shaw asked about the timeline for the project and Ms. Emberton stated it should start in November, 2025 and go for the full 5 years. Upon a motion by Eli Wax for approval, seconded by Ophelia Gooden- Rodgers, the motion carried unanimously; the Commission approved the License Agreement as presented on May 22, 2025. 3. Resolution No. 3639 Authorizing Use of Increased TIF Revenues and Amending Development Agreement (Monreaux) Erik Glavich, Director of Growth and Opportunity, presented Resolution No. 3639 which would amend the development agreement and final CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 22, 2025 4 form to $3,300,000 which is a $1 million increase from the original request. Costs have increased significantly since the original agreement was approved on July 14, 2022. Through value engineering, the building’s square footage has been slightly reduced— from 65,000 to 56,000 square feet. These changes, along with a reduction in the number of units from 60 to 57, are part of the commitments outlined in both the original development agreement and the proposed amendment. The original agreement also required Ms. Devereaux Peters, managing member of The Monreaux L.L.C., and her team to incorporate certain historical elements into the project. Also, there are 3 less units including only 1 less affordable housing. The Resolution also includes a clause for RDC officers to sign the amendment on behalf of the Commissioners. Secretary Wax inquired whether the Commission would be expected to cover any cost increases should the project budget rise. Caleb Bauer, Executive Director of Community Investment, responded that the current funding level is anticipated to be sufficient and should support full project completion, even accounting for the partial READI 2.0 funding gap. Commissioner Shaw asked if there are any other measures to mitigate cost increases in the future. Mr. Bauer stated that the back deck of the building for the covered parking and amenity space will be removed and possibly materials on the exterior of the building. Commissioner Gooden-Rodgers asked if the tax abatement would need to be extended. Mr. Bauer stated that we would not need to extend the designation period. President Warner asked about the original design provided a retail space with a maker’s apartment unit. Mr. Bauer stated that there still could be live/work units, and they are being rescoped. Vice President Relos encouraged Ms. Peters to consider using the terracotta materials in the interior or exterior of the building. President Warner spoke in favor of the project. Upon a motion by Ophelia Gooden-Rodgers for approval, seconded by David Relos, the motion carried unanimously; the Commission approved Resolution No. 3639 as presented on May 22, 2025. 4. Sublease Agreement 103 W. Colfax (Haunt of Hounds) Joseph Molnar, Assistant Director of Growth and Opportunity, proposed a renewal of lease with Haunt of Hounds LLC (Fatbird). In January of 2022, the Commission transferred the Palais Royale to the South Bend Redevelopment Authority (“RDA”) to effectuate a certain lease rental revenue bond transaction that would finance a portion of improvements to the Property. As part of this transaction, RDA leased CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 22, 2025 5 back to Commission through a certain lease agreement dated as of December 1, 2021 all of its rights, title, and interests in the property and expressly provided the authority to Commission to enter into agreements with other parties for the operation of the property. The Redevelopment Commission approved a lease with Haunt of Hounds, LLC for the restaurant Fatbird on July 1, 2020 located in the Palais Royale at 103 W Colfax Ave. Haunt of Hounds, LLC then provided notice to the Commission that they wished to exercise the renewal option in the lease to extend the term to June 30, 2025. The proposed lease between the RDC and Haunt of Hounds, LLC, would continue this partnership with the following terms: Lease Term: July 1, 2025 – June 30, 2028 Rent increase of 3% annually from base rent of $2,971.00/month • July 1, 2025 – June 30, 2026 Rent: $3,060.13/month • July 1, 2026 – June 30, 2027 Rent: $3,151.93/month • July 1, 2027 – June 30, 2028 Rent: $3,246.50/month • Common Expenses increased to $1,000/month • Prior lease was $975/month • First month’s rent waived due to HVAC issues that occurred in December of 2024 Renewal of the Fatbird Lease will continue the activation of the Palais Royale storefront, which adds a significant amount of vitality to downtown South Bend while also providing appropriate rental revenue for the space. Secretary Wax asked if there have been evaluations done to determine the market rate for rental tenants. Mr. Molnar stated that the RDC staff have conducted informal investigations of what other restaurants are paying, and this is slightly under the market rate, and this is due to property improvements can take longer being property owned by the city government. Upon a motion by Ophelia Gooden-Rodgers for approval, seconded by Eli Wax, the motion carried unanimously; the Commission approved the Sublease Agreement as presented on May 22, 2025. 5. Bid Specifications for Disposition of Property (4022 Old Cleveland Rd.) Joseph Molnar, Assistant Director of Growth and Opportunity, presented items 5A5-7 together to begin the disposition process of 4022 Old Cleveland Rd. RDC acquired property located at 4022 Old Cleveland Road through a certain Real Estate Purchase Agreement executed on October 10, 2024. This purchase was made with the CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 22, 2025 6 understanding that the land would be used for a low barrier intake homeless shelter. The property has been rezoned by the Common Council of South Bend to allow for a low barrier intake center to be built upon the property. The attached three documents - Bid Specifications, Noticed of Intended Disposition, and Resolution establishing offering price – are the beginning of the process for the property to be redeveloped and set the following conditions for a bid on the Property: • $825,000.00 minimum bid (average of two appraisals) • All bids will be due by 9:00am on June 12, 2025 and opened publicly at the RDC meeting on June 12, 2025 • During the review process, emphasis will be placed on compatibility with and support of the goals and objectives of the surrounding businesses and neighborhood and the Development Plan for the River East Development Area. • The proposed project must include a 120-bed homeless shelter Upon a motion by David Relos for approval, seconded by Ophelia Gooden-Rodgers, the motion carried unanimously; the Commission approved the Bid Specifications as presented on May 22, 2025. 6. Notice of Intended Disposition of Property (4022 Old Cleveland Rd.) Upon a motion by David Relos for approval, seconded by Ophelia Gooden-Rodgers, the motion carried unanimously; the Commission approved the Notice of Intended Disposition of Property as presented on May 22, 2025. 7. Resolution No. 3640 for Disposition of Property (4022 Old Cleveland Rd.) Upon a motion by David Relos for approval, seconded by Ophelia Gooden-Rodgers, the motion carried unanimously; the Commission approved Resolution No. 3640 as presented on May 22, 2025. B. River East Development Area 1. Opening of Bids (Former Oaklawn Property) Joseph Molnar, Assistant Director of Growth and Opportunity, stated we received no bid proposals prior to the deadline. Mr. Molnar asked if staff could bring forward a broader request for proposals at the June 26, 2025 RDC meeting. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 22, 2025 7 Secretary Wax asked if we received any potential inquiries and Mr. Molnar stated yes, and we think there will be significant interest at the RFP phase. 2. Opening of Bids (Former YMCA) Joseph Molnar, Assistant Director of Growth and Opportunity, stated we received no bid proposals prior to the deadline. Mr. Molnar asked if staff could bring forward a broader request for proposals at the June 26, 2025 RDC meeting. 3. Amendment to Development Agreement (River Walk LLC) Erik Glavich, Director of Growth and Opportunity, presented an amendment to the development agreement in the amount of up to $1,250,000 for The Pointe (River Walk L.L.C.) at the old Transpo site with environmental and elevation issues. The request is to alleviate some of the costs due to preparing the site for development. The private investment commitment was established to be $10 million and the funding support provided by the Commission would be $500,000. The commitment to construct 13 housing units and the developer would commit to having the project completed by the end of 2027. David Sieradzki with Century Builders stated that the whole foundation has to be re-engineered well past a normal standard residential foundation. Secretary Wax asked if the market would sustain the price per unit of roughly $1,173,000. Mr. Sieradzki stated that some are varying in price and have done studies and have committed $14 million to the project and feel confident they will be able to sell the townhomes. Caleb Bauer also stated that the Kinder Institute report from 2022 stated that the city needs inventory in this price bracket. Upon a motion by David Relos for approval, seconded by Eli Wax, the motion carried unanimously; the Commission approved the Amendment as presented on May 22, 2025. 6. Progress Reports A. Tax Abatement Erik Glavich, Director of Growth and Opportunity, noted the deadline for the annual compliance reports for the CF1’s was May 15th, 2025 and recipients have been notified. Caleb Bauer also notes that there may be a small percentage that have failed to comply with no reflection on staff’s efforts. CITY OF SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING – May 22, 2025 8 B.Common Council None C.Other Joseph Molnar, Assistant Director of Growth and Opportunity, gave an update on that the RDC did close on the State Theater and have acted on roof repairs. Commissioner Gooden-Rodgers thanked the Growth & Opportunity staff for their efforts to assist residents with their questions. 7.Next Commission Meeting Thursday, June 12, 2025, 9:30 a.m. at BPW Conference Room 13th Floor 8.Adjournment Thursday, May 22, 2025, 10:40 a.m. ______________________________ ______________________________ Eli Wax, Secretary Troy Warner, President