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Home My WebLink About05-12-2025 Community Investment Committee Minutes SignedOFFICE OF THE CITY CLERK BI ANCA L. T IR ADO, CITY C LERK COMMUNITY INVESTMENT Committee Members Present: Committee Members Absent: Other Council Members Present: Others Present: Presenters: Agenda: MAY 12, 2025 4:30 P.M . Troy Warner, Karen L. White , Ophelia Gooden-Rodgers , Sherry Bolden-Simpson, Thomas Gryp *, Kaine Kanczuzewski None Canneth Lee Bianca L. Tirado , Matthew Neal , Margaret Gotsch, Bob Palmer Michelle Adams , Joseph Molnar, Caleb Bauer Bill No. 25-2 7 -Resolution to Approve the Issuance of a Scrap Metal / Junk Dealers / Recycling Operation License for Alternative Two (2), LLC Bill No. 25-28 -Resolution Approving the Issuance of Tax Increment Revenue Bonds for Improvements that Support Residential Housing Developments and All Matters Related Thereto Bill No. 25-30 -Confirming Resolution - Real Property Tax Abatement for Allen Edwin Residential Builders, LLC Members marked with an asterisk(*) are in virtual attendance. Please note the attached link for the meeting recording: https://docs.southbendin.gov/\VebLink/browse.aspx?dbid=0&mediaid=395-t99 IN TE GR IT Y I SER VIC E I ACC ESS IBILIT Y Ma tth cll' Neal 0 EPVfY0TYQERK / D IRECTOR OF POLICY Mar~;u·c t Cotsc li D IRECTOR OF SPEOAL PROJECT'S EXC ELLE NC E I ACCO UNT A BILIT Y I INNOVA TION INC LU SION EMPOW ER MENT 455 County-City Building 1227 W. Jefferson Blvd . I South Bend , Indiana 46601 I p 574.235.9221 I f. 574 .235 .9173 1 www.southbendin.gov t!) CITY OF SOUTl-I BEND I OFFICE OF THE CITY CLERK Committee Chair Troy Warner called to order the Community Investment Committee meeting at 4:30 p.m. Bill No. 25-27 -Resolution to Approve the Issuance of a Sc rap Metal / Junk Dealers / Recycling Operation License for Alternative Two (2), LLC Michelle Adams , Administor, Department of Community Investment , with offices on the 14 th floor of the County-City Building, South Bend , IN 46601 , presented Bill No. 25-2 7. Bill No. 25- 2 7 is a resolution that would approve a scrap metal dealer license renewal for Alternative two (2), LLC , located at 700 West Chippewa Avenue, South Bend , IN 46614. Per section 4-51 of the Municipal Code, the property required review from the South Bend Police Department , the South Bend Fire Department, Neighborhood Resources , and the Zoning Department. All the agencies completed their reviews with no issues found . Committee Chair Warner inquired if the Indiana Department of Environmental Management (IDEM) and Federal Environmental Protection Agency (EPA) both checked for violations. Miche ll e Adams answered that only ID EM checks for violations. Committee Chair Warner thanked the presenter. Committee Member Ophelia Gooden-Rodgers asked where the property is located and its current zo nmg . Michelle Adams answered it is 700 West Chippewa Avenue, South Bend , IN 46614 and zoned as Industrial. Committee Member Gooden-Rodgers thanked the presenter. Committee Member Sherry Bolden-Simpson asked what happens if the applicant acquires a felony after the initial investigation and how it would be tracked. Michelle Adams answered periodic background checks are not performed and it most likely would surface during the next renewal period. Committee Vice Chair Karen L. White inquired why Bill No. 25-27 was not included with the previous scrap metal dealer renewals and asked if any issues arose. Michelle Adams stated that Bill No. 25-27 was waiting on an inspection by the South Bend Fire Department , which delayed submitting the resolution with the previous package of the scrap metal dealer renewals , and no issues were encountered. Committee Chair Warner asked if they should expect any more renewals. Miche ll e Adams stated that Bill No. 25 -27 should be the last one. Committee Chair Warner held the public hearing, and nobody spoke. EXC ELLE NC E I ACCO UNTA BILIT Y I INNO VATI ON INCLUSION I EMPO WER MENT 455 County -City Building 1227 W. Jefferson Blvd. I South Bend, Indiana 46601 I p. 574.235.9221 I f. 574.235.91731 www.southbendin .gov CITY OF sotrrH BEND I OFFICE OF THE CITY CLERK Committee Member Bolden-Simpson moved to send Bill No. 25-2 7 to the Full Council with a favorable recommendation , which was seconded by Committee Member Gooden-Rodgers and carried by a vote of six (6) ayes. Committee Chair Troy Warner -Aye Committee Vice Chair Karen L. White -Aye Committee Member Ophelia Gooden-Rodgers -Aye Committee Member Sherry Bolden-Simpson -Aye Citizen Member Thomas Gryp -Aye Citizen Member Kaine Kanczuzewski -Aye Bill No. 25-28 -Resolution Approving the Issuance of Tax Increment Revenue Bonds for Improvements that Support Residential Housing Developments and All Matters Related Thereto Caleb Bauer, Executive Director, Department of Community Investment , with offices on the 14 th floor of the County-City Building, South Bend , [N 4660 l , presented Bill No. 25-28 is a resolution authorizing the city to issue redevelopment bonds in support of the rehabilitation of the Portage and Elwood properties located at 1408 Elwood Avenue , South Bend , IN 46628. The City of South Bend was awarded a two-point-five-seven-million-dollar ($2 ,570 ,000) loan from the Indiana Finance Authority (IFA) through the Residential Infrastructure Fund program. IFA provides municipalities access to low interest loans and purchases redevelopment bonds . The project that this loan would support is the redevelopment of the Drewry site , which is envisioned to house approximately one-hundred and ten (110) housing units ranging from small apartments to single family homes including some duplexes . Committee Member Gooden-Rodgers asked if the interest rates will fluctuate. Caleb Bauer stated that they interest rates are a fixed rate over the twenty (20) year term but the y could change between now and closing. Matt Eckerle, Principal with Baker Tilly Advisors , LLC, located at 8365 Keystone Crossing, STE 300, Indianpolis IN , 46240 , stated that the interest rate would be a fixed rate and the current rate is three point one five percent (3 .15%) and the bonds can be prepaid. C itizen Member Kaine Kanczuzewski mentioned the presentation showed six million ($6,000 ,000) dollars being required for public utilities and asked what that money is being allocated towards. Citizen Member Kaine Kanczuzewski also asked how much of the loan would start accruing interest and when. Matt Eckerle stated that the six million ($6 ,000 ,000) dollars will be used for infrasturcture work incuding utilities and street. Matt expects the costs might be higher with higher levels of design and that the full loan would start accruing interest at closing. Citizen Member Kaine Kanczuzewski asked how much money would it cost to be shovel ready. Matt Eckerle stated between seven million ($7 ,000 ,000) and eight million (8 ,000 ,000) dollars. EXC ELLE NCE I ACCOUN TABILITY INNOVA TI ON I INC LU SION I EMPOW ERMENT 455 County-City Building 1227 W. Jefferson Blvd. I Sou th Bend, Indiana 46601 Ip. 574.235.9221 If. 574.235.91731 www.southbendin.gov i$» CITY OF soun-I BEND I OFFI CE OF THE CITY CLERK Citizen Member Thomas Gryp mentioned the presentation showed a sliver of industrial property remaining at the Drewry site and asked if the City had any intention in purchasing the property or if it will remain industrial. Caleb Bauer stated that the City has no intention in purchasing the property now but they are open to entertaining conversations with the owner. Committee Member Sherry Bolden-Simpson asked how many days until closing. Caleb Bauer stated that it would close within sixty (60) days from the Committee 's authorization. President Canneth Lee thanked both Caleb Bauer and Matt Eckerle for their presentation and asked what developers they plan on using and if they are local. Caleb Bauer answered that when they applied for the grant the proposal included South Bend Heritage Foundation and Intend Indiana, but he will need to revisit the scope with them because of the changes in federal funds. Caleb Bauer went on to say that they may need to bring other developers into the project. President Lee asked if the homes would all look the same. Caleb Bauer answered that the buildings would be a mix of apartments, walk-ups , duplexes , and single-family homes. Committee Chair Warner held the public hearing , and nobody spoke. Committee Chair Warner expressed his excitement for the much anticipated improvements. Committee Member Bolden-Simpson moved to send Bill No . 25-28 to the Full Council with a favorable recommendation , which was seconded by Committee Member Gooden-Rodgers and carried by a vote of six (6) ayes. Committee Chair Tro y Warner -Aye Committee Vice Chair Karen L. White -Aye Committee Member Ophelia Gooden-Rodgers -Aye Committee Member Sherry Bolden-Simpson -Aye Citizen Member Thomas Gryp -Ay e Citizen Member Kaine Kanczuzewski -Aye Bill No. 25-30 -Confirming Resolution -Real Property Tax Abatement for Allen Edwin Residential Builders, LLC Joseph Molnar, Assistant Director of Growth and Opportunity, with offices on the 14 th floor of the County-City Building , South Bend , IN 4660 l , presented Bill No . 25-30. Bill N o . 25-30 is a real property tax abatement for Allen Edwin Homes as part of their plan to build sixteen ( 16) residential units at currently vacant property located near Marion and Leland Street, in the City of South Bend, IN. The total investment would be 2.5 million dollars ($2,500 ,000). Committee Chair Warner welcomed Brian Farkas back and asked if he had anything to add. EXC ELLE NCE ACCOUN TA BILIT Y I INNOVATI ON I INC L US ION EM POW ER M ENT 455 County-City Building I 227 W. Jefferson Blvd. I South Bend, Indiana 46601 I p 574 .235.9221 I f. 574 .235.9173 1 www .southbendin.gov .... , .. "" (~} CITY OF SOUTH BEND I OFFICE OF THE CITY CLERK Brian Farkas , Director of Workforce Hou si ng at Allen Edwin Homes, with offices at 795 Clyde Court Southwest, Byron Center, MI 49315 , expressed his excitement about starting the project. Cit ize n Member Kanczuzewski asked is the funding private and is there adequate parking. Brian Farkas stated that the funding is pri va te and the parking is adequate. C iti ze n Member Kanczu zews ki asked if th e fundin g ha s been sec ur ed and if it is City-funded. Brian Farkas stated that they do have city funding and it has been sec ured and approved. President Lee expressed his thanks. Co mmittee Chair Warner held the public hearing, and nobod y spoke. Committee Vice-Chair White moved to send Bill No . 25-30 to the Full Council with a favorable recommendation , which was seconded by Committee Chair Warner and carried by a vote of six (6) ayes. Committee Chair Troy Warner -Aye Committee Vice C hair Karen L. White -Aye Committee Member Ophelia Gooden-Rodgers -Ay e Co mmittee Member Sherry Bolden-Simpson -Aye Citizen Member Thomas Gryp -Aye Citizen Member Kaine Kanczuzews ki -Aye With no further busine ss , Co mmittee Chair Troy Warner adjourned the Community Investm e nt Committee meeting at 5 :09 P.M. Respectfully Submitted, ) Troy Warner, Co mmittee C ha ir NOTICE FOR HEARING AND SIGHT IMPAIRED PERSON S Auxiliary Aid or Other Services ma y be Available upon Request at No Charge. Please give Reasonabl e Adva nce Request when Pos sible EXC ELLE NC E I ACCO UNTAB ILIT Y I INNOVA TION I INC LUS ION I EMPOW ER MENT 455 County-City Building 1227 W. Jefferson Blvd. I South Bend, Indiana 46601 I p. 574.235.9221 I f. 574 .235.9173 1 www.southbendin.gov