Loading...
HomeMy WebLinkAbout06-23-2025 Community Investment Committee Minutes SignedOFFICE OF THE CITY CLERK BI A:\'C \ L. TIRADO , C ITY C LERK COMMUNITY INVESTME T Co mmittee M e mb e rs Present: Co mmittee Me mbe rs A bse nt: Othe r Co un c il Me mbers Prese nt: O the rs Prese nt: Prese nt e rs : Age nda: J UNE 23 , 2025 5:0 0 P.M. Troy Wa rne r, Kar e n L. White , O ph e li a Goo d en-Ro d ge rs, S he rr y Bo ld e n-S imp so n, T ho m as G ry p , Ka in e Ka ncz uzewski No ne Rac he l To m as Morgan Bi an ca L. T ira d o , Jas mine Jac kso n , Matt h ew eal, Ma rgare t Gotsc h , La ri 'o nn a G ree n, B o b P a lm e r Joe Mo ln ar, Do na ld Mo uc h , Deve reaux Pe ters , Joe Mo ln ar, Mega n Sc hu etz , Ca le b Ba ue r, Mark Be me nd erfer, Matt DeV icc h io , Jo hn Szyp czak B ill N o . 36-25 -A n O rdinan ce of th e Co mm o n Co un ci l of th e C ity of So uth B end , Indi an a, A m ending th e Loan Agreem ent and A pp rov in g and A uth o ri z in g Acti o ns m Res pec t T he reto (Mo nrea ux Pro j e ct) Bill No . 2 5-3 -1 -Des ign atin g Reso luti o n - Rea l P ro pe rt y T ax A bat em e nt for KCG Co mp ani es , L LC Bill N o . 2 5-35 -Des ig natin g R eso luti o n - Rea l P ro pert y Tax A b at em e nt fo r So uth B end Chipp ewa, LLC and So uth Bend C hippewa ACG , L LC Members marked with an asteri k (*) are in virtual attendance. Please note the attached link for the meeting recording: J asmin e J ackson G-nEF D EPUTY O TY Q ERK / G-nEF OF STAFF INTEGRIT Y I SERVICE I ACCESSIBILITY Ma11ltc1r :'\!cal D EPlJTY Q TY 0.ERK / D IRECTOR OF POU CY Man;~1rcl Cotsclt D IRECTOR OF SPEGAL P ROJECTS EXCELLENCE ACCOUNTAB ILIT Y INNOVATION INCLUS ION EMPOWERMENT 455 County-City Bu ilding 1227 W Jefferson Blvd I South Bend, Indiana 46601 Ip 574.235.922 1 If. 574.235.91731 www.southbendin.gov .. C ITY OF SO lJTII BEN D I OFFI CE OF T I IE CIT Y CL ERK h Ups ://doc . outhbendin.gov/\VebLink/broV\ se.asp"X? dbid=O&mediaid=396..i9..i Co mmittee C ha ir Troy Wa rn e r c a ll e d to o rd e r th e Co mmunity In vestm e nt Co mmittee m eetin g a t 5:09 P.M . Bill No. 36-25 -An Ordinance of the Common Council of the City of South Bend, Indiana, Amending the Loan Agreement and Approving and Authorizing Actions in Respect Thereto (Monreaux Project) Ca le b Ba ue r, Exe cuti ve Direc to r of Co mmunity In ves tme nt, w ith o ffic es o n th e 14th fl oo r of th e Co unty -C it y Building, So uth B e nd , I 4660 I , s ta te d Bill No. 3 6-25 is proposed amendm e nt to th e developm e nt a nd loan ag ree m e nt fo r th e Mo nreaux Proj e ct , 505 S . Mi c h g ia n S tree t , S o uth Be nd , I 4 6601 , w hi c h is th e lo c a ti o n of th e fo rm e r Fat D add y's a t Michi gan a nd M o nroe. The proposal in v ol ves a m e ndin g th e te rm s of a fo rg iva bl e lo a n , w hich ha d a lr ead y be en a ppro v ed b y th e Co mm o n Co un c il a nd th e Re deve lo pm e nt Co mmi ss io n . T hi s proj e ct add s to th e mo mentum o n th e South s id e of d owntown w ith th e Di a m o nd View a nd Sta dium Fla ts deve lo pm e nt, th e Mo m e ntum Entre pre ne ur s hip Hub , th e leas in g of th e So M a A p a rtm e nt s , th e M ilk wee d Co mm o n s p ro j ec t, and d eve lo pm e nt of th e vacant po rti o n of th e ln wood s Building. o m e c ir c um stan ces have c han ge d in th e proj e ct but th e pri va te in ves tm e nt co mmitme nt has in c rease d ove r tim e fro m thirtee n milli o n seve n hundre d th o usa nd d o ll a r s ($13 ,70 0,000 ) to seve nt ee n milli o n se ve n hundred th o usand d o ll a rs ($17 ,7 00 ,00 0). T h e pro posal wo uld increase th e fo reg ive abl e loan a mo unt fr o m two milli o n three hundre d th o usand ($2 ,30 0 ,000 ) t o three milli o n three hundre d th o usand do ll a rs ($3 ,300 ,0 00) in tax in c re m e nt fi na nc in g (TIF); howeve r, th e loan wo uld be fo reg ive n o nl y if t he projec t is co mpl e te d . T he e p ro p osed cha nges a re be in g dri ve n by m arke t fo rces , es pec ia ll y c ha ll e n ges o n pricin g a nd m a te ri a ls, w hich has affec te d o th e r proj ec t s as we ll. La bo r cost s ar e a lso o n th e ri se , p a rti c ul a rl y w he n yo u ta k e int o acco unt th e numbe r of co n stru c ti on projects in th e a rea. H owever, if thi s o rdi an a n ce is a pp roved , Co mmunity In vestm e nt d oes no t anti c ip ate th e need for a ny addi t io na l c ha nges. Deve reaux Pe te rs , C ha teaux 14 Deve lo pm e nt , L LC , w ith offi c es a t 1335 Py le Ave nu e , So uth Be nd , IN 4 66 15, s ta te d th a t th e cost o f th e p ro j ec t has bee n g oin g up . Toward th e e nd of 2 023 , th e prev io us co nt racto r es tima te d th e c os t of th e p ro j ec t wo uld be fi ve milli o n d o ll a rs ($5 ,000 ,000) ove r bud get. T hey s pe n t th e las t year red es ig nin g a nd cost c uttin g , w hil e a lso ra isi n g m o re fund s fo r th e project. T h e y have c han ge d co ntrac to rs a nd have se lecte d Yo d e r Build e rs fro m Na pp a nee , I , w hi c h a ll owed t he p ro j ec t to ma int a in a q ua lit y buildin g w ith hi g h-l eve l fi ni s hes and am e niti es a nd o nl y a s li g ht c ha nge to th e ex te ri o r. To m ak e up th e di ffe re nce a nd to co mpl ete th e proj ec t , Deve reaux Pe te rs has d efe rr e d o ne -h a lf of he r fee a nd has ag re e d th a t so m e fund s a lread y s pe nt o n th e proj ec t w ill go unre imburse d. She s ta te d th a t th ey a re now in th e p rocess of cl os in g and anti c ip a te cl os in g a t th e e nd of nex t m o nth . Do nald Mo uc h , L ice nse d A rc hit ec t , Pa pp ageo rge Hay m es Pa rtn e rs, w ith offi ces a t 64 0 No rth LaSall e S tr eet , S u ite 400 , C hi cago , IL 60 654, rev iewed th e a rc hitec tu ra l c ha nges to th e Mo nrea ux Project. B y e limin a tin g th e mezzanine leve l, th ey we re a bl e to ma int a in woo d trim a nd o th e r am e niti es. T he p rojec t w ill in c lud e la rge w ind ows a nd a b rick exte ri o r a lo ng w ith street leve l co mm e rc ia l s pace a nd w ill have g reat in te ri o r fini s hes and a stro ng c urb s id e a ppea l. EXC ELLE NC E ACCO U NTA BILIT Y INNOVATI ON INC LU SION EM POW ER M ENT 455 County-City Building 227 W Jefferson Blvd. I South Bend, Indiana 46601 Ip 574 235 9221 If. 574 235.91731 www.southbend1n.gov .. C ITY OF SOUTII BENO I OFFICE OF TI IE CIT Y CLERK C omm itt ee C hair Warn e r as ke d abo ut the read y fund s , w h ich did no t ma te ri a li ze in the amount anti c ipat e d . Deve re au x Pe te rs st at e d tha t th ey we re award e d fund s a lo n g w ith Milk wee d Co mm o n s, and th e ir p o rti o n was a ppro x im a te ly two milli o n fi ve hundre d th o usand ($2 ,500 ,000 .00 ), which did no t co mpl e te ly cove r th e ir cap. By reducin g th e overall bud ge t , th e re ad y funds and th e additi o na l co mmitme nt by C it y of So uth Be nd w ill cover th e ir ga p . Ca le b Ba ue r no te d th a t th e T IF commitme nt fo r th e fo rg iva bl e lo an is fund e d by th e Ri ve r West D evelo pme nt A rea, w hi c h ge ne rat es a pp rox im a te ly twe nt y milli o n d o ll ar s ($20 ,000 ,00 0 ) pe r yea r w ith a bo ut fi ve milli o n ($5 ,000 ,000) in se rv ic eabl e d e bt. He estim a tes th a t the June 2 025 di s tributi o n am o unt w ill to ta l a pprox im a te ly e leven m illi o n d o ll a rs ($11 ,0 0 0 ,0 00 ) w ith th e re m a ind e r c o rnin g in D e c e mbe r. Co mmittee Me mb e r Ophe li a Good e n-Ro d ge rs sta te d that she wante d to th a nk Deve re au x Pe te rs fo r th e co mmitm e nt of th ese a pa rtm e nt s , and want e d he r to co mmit to have ho t running w a te r and to ta ke car e of th e p eo pl e li v in g in th ese a partm e nt s . Deve rea ux Pe te rs sta te d tha t th ey ar e cove rin g a ll of th e utiliti es in th e a pa rtme nt s. Co mmittee Me mbe r K a in e K an czu zewski ha d a ques ti o n a bo ut th e a rchitec tural re quire ments , s pec ifi c all y if th e bu i lding m e t th e S la b O n De ck (SO D) and g laz in g re quire m e nt s . Do na ld M o uc h co nfirme d th a t th ey wo uld mee t th ose require m e nt s, a nd th e pro j e ct is go in g th ro ug h loca l rev iew afte r rece iv in g a ppro val fro m th e S ta te of Indi a na. Co mmittee Me mb e r Kan czu zewski as ke d a bo ut horizo nt a l arti c ul a ti o n re quire me nt s o n buildin gs of thi s s ize. Do na ld Mo uc h th a nk e d him fo r bringin g th a t to hi s a tt e nti o n. S he rry B o ld e n-S imp so n no te d th a t they m a d e so m e c ha n ges to th e a rc hit ec tu ra l d es ig n but th a t s he th o ug ht the building still loo k e d g reat. S he e nco uraged D eve reaux Pe te rs to ta k e c a r e of th e res id e nt s . Deve reau x Pe te rs and Do na ld Mo uc h ex pressed th e ir a pprec ia ti o n . Co mmittee C ha ir War ne r he ld th e public hearin g , and no bo d y s po k e. Committee Me mb e r B o ld e n-S imp so n moved to se nd Bill No. 3 6 -25 to th e Full Co uncil w ith a favo ra bl e re c o mm e nd a ti o n , w hi c h was second e d by Co mmittee Me mb e r Ka nczu zewski a nd c arri e d by a vo te of s ix ( 6) ayes. Co mmittee C h ai r Troy Wa rn e r -Aye Co mmittee V ice C ha ir K a re n L. White -Aye Co mmittee M e mbe r O phe li a Goo d e n-Ro d ge rs -Aye Co mmittee Me mb e r S he rry Bo ld e n-S imp so n -Aye C it ize n Me mbe r T h o m as Gry p -Aye C iti ze n Membe r K a in e K an czu zewski -Aye EXC ELLE NC E I ACCO UNTABILIT Y I INNOVA TI ON INC LUS ION EMPOW ER MENT 455 County-City Building 1227 W Jefferson Blvd. South Bend, Indiana 46601 I p 574.235 9221 I f. 574 235.9173 1 www southbendin.gov ... CITY OF SOlf fH BEND I OFFI CE OF T HE CITY CLERK Bill No. 25-34 -Designating Re s olution -Real Property Ta x Abatement for KCG Companies, LLC Joe Mo ln ar, De puty Direc t or, Departm e nt of Co mmunity [n ves tm e nt , w ith offices o n th e 14 th fl oo r of the Co unt y -C it y Building , So uth Bend , IN 4 660 1, pr ese nt e d Bill No. 25 -3 4, w hi c h is te n (10) year rea l pro pe rt y t ax a batem e nt fo r KCG Do na ld a nd Ma in pro j ec t as part of th e C it y's s upp o rt pac kage to ass ist KCG in bei ng award ed low-in co me ho us in g tax c re di ts (UH TC). O ne of the ways to rece ive p o int s in th e LIH TC rev iew process is to have suppo rt fo r th e loca l gove rnm ent a l bo dy. T he s it e is a vacant lo t owned by th e Red evo lpm e nt Co mmi ss io n and th ey have an ac ti ve purchase ag ree m e nt w ith KCG D eve lo pm e nt , located in th e Indi a na po li s, IN. K CG Deve lopm e nt is a mi xe d-u se and multi-fa mil y ho us in g d eve lo pe r th at inte nd s to in vest at leas t fo urtee n milli o n do ll ars ($14 ,000 ,000) develo ping thi s sit e w ith fi fty (50) unit s of low-inco m e ho us in g . During the te n-year ( 10) a bate me nt pe ri o d , it is estim ated th at th e projec t w ill ge nerate tax re ve nu e of o ne hundred twe nt y -o ne th o usand fi ve hundre d fi fty -o ne d o ll a rs ($12 1,55 1), w hil e a batin g three hundred twe nt y -seve n th o u sand seve n hundred seve nty -seve n d o ll a rs ($32 7 ,777 ). Aft er the a ba te me nt e nd s , th e p ro j ect wo ul d ge nerate tax reve nu e durin g th e nex t decad e of s ix hundred e leve n th o usand seve n hundre d nin e ty -t wo d o ll ars ($6 11 ,792). C urre ntl y, th e pro p e11y is own ed by the C it y a nd no t ge nera tin g s igni ficant tax reve nu e. Mega n Sc hu e tz , Vice Pres id e nt of Deve lo pm e nt , K CG Develo pm e nt , w ith offi ces at 93 11 N. Meridi a n S tr ee t , S uit e 100 , Indi a napo li s , IN 46260 , sta te d that , w hen the C ity s upp o rt s th e ir LIH TC a ppli cati o n , not o nl y d oes it m ak e th e a ppli cati o n m ore co mp etiti ve , it en s ur es the v ia bility of th e proj ec t thro ug h th e le ngth of th e projec t. Co mmittee Member Goo d e n-Ro d ge rs th anke d KCG fo r brin g in g affo rd a bl e ho us in g to So uth Be nd because the re is a g reat nee d fo r thi s typ e of ho us in g. H owever, her co nce rn is th at th e ho us in g un it s w ill have good wate r s uppl y a nd pa rki ng lots -she want s KCG to kee p th e pro pe rt y in goo d co nditi o n. Megan Sc hu e tz sta te d tha t , in additi o n to KCG 's co mmi tm e nt to care fo r res idents , an additi o na l be nefit of the tax c red it process is th at it p rov id es fo r ad diti o na l laye rs of ove rs ig ht to e ns ur e tha t the res id e nt s a re take n care of Res id e nt s a re a lways K CG 's to p pri o rit y. Co mmittee Me mbe r T ho m as G ry p as ked how m an y pro j ect s has K CG m a nage d in St. Jose ph Co unt y, IN. Megan Sc hu e tz stat e d th a t thi s wo uld be th e ir firs t pro j ec t in S t. Jo se ph Co unty, IN. Cale b Ba uer no ted th at th e reaso n th at KCG had no t so ug ht LIHTC in Indi an a is becau se of a no n-co mp ete ag ree m e nt , w hi c h has ex pired . Co mmittee C ha ir Wa rn e r no ted th at , durin g th e Zo nin g and A nn exati o n Co mmittee hearing , KCG indi cated that they ar e do in g bu s iness in te n ( 10) sta tes but th at thi s is th ere fir st p ro j ec t in Indi an a. Megan Sc huetz agreed w ith that summari zati o n, a nd sa id th at th e K CG fo und er had wo rk ed for a co mp e tito r and was unde r a no n-c o mp ete ag ree me nt in Indi a na. EXC ELLE NC E ACCO U NTA BILIT Y INNOVATI ON INC LU SION EM POW ER M ENT 455 County-City Building 1227 W Jefferson Blvd. I Sou th Bend, Indiana 46601 I p 574.2 3 5.9221 If. 574.235.9173 1 www southbendin.gov ... CITY OF SOlffi l BEND I OFFICE OF THE CITY CLERK C ommittee Membe r Rac he l To m as M o rg an as k e d w ha t brou g ht K C G to Indian a and to So uth Be nd , in p arti c ul ar. M egan Schue tz sa id th a t th e sta tes she is res po ns ibl e fo r ar e Wi sco ns in , Indi a n a, and Ohio. As KC G st a rt e d c on s id e rin g Indi an a proj e cts, th ey loo ke d a t pl a c es tha t were competiti ve and whe re affo rd a bl e ho us in g was nee d e d . K CG is w illin g to be cat a lys t of cha nge. In a dditi o n to th e eco no mic fac to rs , th e C ity s taff has bee n s up e r s uppo rti ve of th e ir bid to p ro mo te a ffo rd a bl e ho us in g . Co mmittee C ha ir Wa rne r h e ld th e publi c h ea rin g, and no body s po k e. Co mmittee M e mb e r G oo d e n-Ro d gers m oved to se nd Bill No. 25-3-1 to th e F ull Co uncil w ith a favora bl e re co mm e nd a ti o n, w hich was seco nd e d by Co mmittee Vi ce C ha ir Ka re n L. White and carri ed by a vo te of s ix (6) ayes . Co mmittee C hair T ro y Warne r -Aye Co mmittee Vic e C hair Kar e n L. White -Aye Co mmittee Membe r Ophe li a Good e n-Ro d ge rs -Ay e Co mmittee Membe r S he rry B o ld e n-S impso n -Aye C iti ze n Me mbe r T h o m as G ry p -Abstain C iti ze n Me mber Ka in e Kanczuzewski -Aye Bill No. 25-35 -Designating Resolution -Real Property Tax Abatement for South Bend Chippewa, LLC and South Bend Chippewa ACG, LLC Mark Be m e nd e rfe r, Bus in ess Deve lo pme nt , De pa rtm e nt of Co mmunity In ves tm e nt , w ith o ffi ces o n th e 14 th fl o or of th e Co unty -C it y Building , So uth B e nd , IN 4 6601 , st a t e d th at Bill No . 25-35 is a reso luti o n see kin g a e ig ht (8 ) year rea l p ro pe rty tax a bat e m e n t fo r p ro pe rty locate d a t 70 l W. C hipp ewa Ave nu e , So uth Be nd , IN. T h e pro pe rt y is co -own e d by South Be nd C hippewa, LLC , a nd So uth B e nd C hippewa ACG, LLC , bo th of w hi c h are s ub s idi ari es ofl ndu st ira l Real P ro pe rty (I R G), w hi c h is a na ti o na l co mpan y foc use d o n re d eve lo pin g di ffic ult pro pe rti es. T he pro p e rt y co n s ists of twe nty -nin e (29) ac res w ith a o ne po int fo ur milli o n (1,400 ,000) square foo t fa cili ty of w hich nin e ty seven fi ve hundre d th o u sand (97 ,500) squa re fee t a re leasabl e fo r m anufac turin g, indu stri a l , a nd o ffice s pace. T h e re is two hund re d twe nt y -o ne th o u sand two hundred fo urt y -e ig ht (22 1,2 48 ) s qu ar e fe et of unu sa bl e sp ace be twee n a nd it ha d bee n o ccupi e d by avaiti o n tes tin g ce ll s during Wo rld War II. T h e tax a ba te m ent wo uld a ll ow fo r th e re d eve lo pme nt a nd reac ti vato n of thi s lo n g unu sab le s p ace by d e m o li shin g t he c urre nt s ite a nd building tru c k d oc ks , w hi c h wo uld p rov id e a ddito na l leas in g and j o b o pp o rtunites as we ll as imp rov in g th e loc a ti o n fo r truck tra ffic . C urre nt a nnua l tax reve nu e fro m th e p ro p e rty is t hree hundre d s ix ty -fo ur th o usa nd o ne hundre d e ighty -o ne do llar s ($364 ,181 .00), and es tim a te d a nnu a l taxes wo uld increase to fi ve hundre d three th o usand o n e hundre d e ighty -t wo d o ll ar s ($503,18 2) fo ll owin g th e proj e ct. T he e ig ht (8 ) year a bat e m e nt w o uld a ba te nine ty -seven s ix hundre d e ig ht y -three doll a rs ($9 7 ,68 3) in re al prope rt y taxes. Matt O eVicc hi o, V ice -Pres id e nt a nd Seni o r Po rt fo li o Man age r, IRG Realt y A d v iso rs , L LC , w ith offi ces at 4 02 0 Kinross Lak es Parkway S uit e 2 0 0, Ri c hfi e ld , OH 4 4 2 8 6 , a lo ng w ith John Szy pc zak , P ro pe rt y Man ager, IRG Rea lt y A d v iso rs , LLC , w ith offi c es a t 4 020 Kinross Lak es P arkway S uite 200 , Ri c hfi e ld , OH 4 4 286 , m a de a s ta te me nt in s upp o rt of th e reso lution . M a tt DeVicc hi o s ta ted th a t IRG is o ne of th e co untry's largest own e rs of co mme rc ia l and indu str ia l p ro pe rti es , w hich includ es a p ro p e rt y po rt fo li o exceeding o ne milli o n (1 ,0 0 0 ,000) squar e fee t w ith EXC ELLE NCE ACCOUN TABILI TY INNOVA TION INC LUS ION EMPOW ER MENT 455 County-City Building 1227 W Jefferson Blvd . 1 South Bend, Indiana 46601 I p 574.235 .9221 I f. 574 .235 .9173 1 www southbend,n.gov CITY OF SOUTH BE D I OFFI CE OF T I I E CITY CLERK o ne hundre d fi ft y (15 0) m ajo r projec ts ac ro ss thrity -o ne (3 l ) sta tes . T he C hippewa p roj e ct is a s ig ni fica nt re d eve lo pme nt pro j ec t ai me d a t tran sfo rming th e hi st o ri c twe nty -nine (29) ac res p ro pe rt y a t 70 1 W. C hippewa, So uth Be nd , IN . T h e p ro pe rt y imp rove m e nt s we re o ri g in a ll y built in 194 0 a nd re novate d in 1993 ; however, th e pro pe rty nee d s s ub st a nti a l imp rove m e nt to m ee t m o d e rn d e m and s . IRG e nv is io n s pa rtn e rin g w ith sta te gove rnm e nt to tra nsfo rm thi s fo rm e r S tud e ba ke r p ro pe rt y int o usa bl e , hi g h-d e m and leasabl e s p ace . IRG is see king s upp o rt fro m th e C it y of So uth Be nd for a pp rox im a te ly e leve n milli o n d o ll a rs ($11 ,000,00 0) of Ph ase One (l ) imp rove m e n ts , w hi c h includ e roof re pl acem e nt , as pha ult m i llin g and pave me nt , landsca pe up g rad es, ar c hitec tu ra l s iding o n Wes t , So uth , a nd East of th e buildin g , new s ig nage , and tr e n c hin g utiliti es . Ph ase Two (2) wo uld e n v is io n e n v iro nme nt a l a bate me nt and de m o liti o n of th e o b so let e av ia ti o n e n g ine tes t ce ll ar ea, w hi c h w ill a ll ow th e red eve lo pm e n t of th e is two hundre d twe nty -o ne tho usand two hundred fo urt y -e ig ht (22 1,24 8) squa re fee t of s pace to in c lud e tru c k d oc ks. T he estim at ed cost fo r Phase Two (2) is a pp rox im a te ly e leve n milli o n d o ll a rs ($11 ,000 ,000). A dditi o na l support is c ru c ia l to e n sur e thi s p ro j ec f s su ccess. O peratin g pl an e n v isio n s hirin g local wo rk e rs and s ubc o nt rac to rs. Co mmi ttee Me mb e r Goo d e n-Ro d ge rs as ke d w ha t ty pe of j o bs w ill be create d and a t w ha t p ay leve ls. Matt D eVic c hio sta te d th a t th ey have ge n era l ranges. Manu fac tu r in g wo uld create fifty -five (5 5) new j o bs , but it co uld be as hi g h as fo ur hundre d ( 400) new j o bs. Whil e Phase O ne ( 1) w ill imp rove th e s it e , th e tota l be ne fit s wo uld not co me to fr uiti o n un t il Phase Two (2) is co mpl e te d . Co mmittee Me mb er Goo d e n-Ro d ge rs said sh e was ve ry fa mili a r w ith th e buildin g because she u se d to work a t th a t locati o n w he n s he wo rk e d fo r AM Ge neral. S he is g la d so m eo ne is fix in g up w ha t was o n ce at very ni ce building . Matt D eVicc hi o noted th a t it is a we ll-built buildin g but it nee d s a lo t of wo rk a nd in ves tm e nt to b rin g it bac k to w here it n ee d s to be. Co mmi ttee Me mb e r G ry p as k e d h ow m an y p ro pe rti es in St. Jose ph Co unty d oes fR G own and how lo n g IRG has been in bu sin ess. Matt D eVicc hi o said th is is th e o nl y pro pe rt y in thi s ar ea fR G has bee n in bu s in ess s in ce 1992. Co mm itt ee Me m ber G ryp aske d if fR G e n v is io n s co min g bac k to th e Co unc il fo r a dditi o na l a ba te me nts or a dditi o na l ass ist a nc e during lat e r ph ases of th e p ro j ec t. Matt DeV icch io noted th at s uc h a re qu es t is a poss ibility, and de pe ndin g o n d eve lo pme nt s th e re is a goo d c h an ce t hat th ey wo uld c o m e bac k fo r additi o na l he lp and s upp o rt. Commi ttee Me m be r Bo ld e n-S imp so n as ke d w hat type of bu s in ess wo uld be leas in g bes id es m anufac tu ring . Matt De V ic c hi o said th a t ge neral war e ho us in g , an d aske d Jo hn Szy pc zak t o I ist c urr e nt te na nts . Jo hn Szy pczak sa id th at th ey c urr e ntl y have te n ant s in a ut o m o ti ve di stributio n , suppl y in g th e New Carli s le d a ta ce nt er, a nd m anu fac turing rubb e r hoses and w irin g rac k s. T h ey a lso have 3 P L and AM Ge neral in th e building. Co mmittee Member B o ld e n-S imp so n sa id th at she has bee n in s id e th e building. EXC ELLE NC E ACCO UNTA BILIT Y INNOVA TI ON INC LUSIO N EM POW ER M ENT 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 southbend1n.gov C ITY OF SO UTH BEN D I O FFI CE O F T H E C IT Y CLERK Co mmittee C ha ir Warn e r held th e publi c hearin g , and no bod y spo ke. Co mmittee C ha ir Wa rn e r no ted th a t a lo t of the a ba te me nt s a re base d o n assesse d va lu e , but be ca use of th e assessed va lu e of a n es ta bli s hed buildin g , IRG is no t ge tting as much of a n a bate m e nt as a vacant lo t. Matt De Vi cc hi o ag ree d w ith th a t asse ss me nt , and said th a t is w hy h e le ft th e d oo r o pe n to co rnin g bac k to re qu es t additi o na l s upp o rt to deve lo p thi s co mpli ca ted prope rty. lRG wo rk s w ith c iti es to ta ke bli g ht ed prope rti es a nd turn th e m back int o useabl e s pa ce. Co mmittee C ha ir Wa rn e r tha nk ed IRG fo r th e ir in ves tme nt in th e C it y of So uth Be nd . Co mmittee C ha ir Warn e r moved to se nd Bill No. 25-3 5 to the F ull Co uncil w ith a favora bl e reco mme ndati o n, w hi c h was se co nd ed by Co mmittee M e mber G oo d e n-Rod gers and carri ed by a vo te of s ix (6) ayes . Co mmit tee C ha ir Troy Warn e r -Aye Co mmittee Vic e C ha ir K a re n L. White -Aye Co mmi ttee Me mbe r Ophe li a Goo de n-Rod ge rs -Aye Co mmittee Me mb e r S he rry Bo ld e n-S imp so n -Aye C iti ze n Me mb e r T ho m as G ry p -Aye C iti ze n Me mb e r Ka in e Kan czu zews ki -Aye With no furth e r bu s in ess, Co mmittee C ha ir Troy Wa rn e r adj o urn ed th e Co mmunity In ves tm e nt Co mmittee m ee tin g a t 5:5 7 P.M. Res pec tfu?,bmi tted, T ro y Wa rn e r, Co mmittee C ha ir NOTI C E FOR HEA RI NG AN D S IG HT IMPA IRED P E RSO NS Auxiliary A id or Oth e r Serv ic es may be Ava ilabl e upon Requ es t a t No Charge. Pl ease g ive Reasonable Ad va nce Requ es t w he n Possibl e EXC ELLE NC E I ACCOUN TABILIT Y I INNOVA TI ON I INCLUSION EMPOW ER MENT 455 County-City Bu1ld1ng 1227 W Jefferson Blvd . I South Bend, Indiana 46601 I p. 574.235 .9221 I f. 574.235.9173 1 www .southbendin .gov