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Home My WebLink About04-13-2026 Community Investment Committee Minutes (signed)OFFICE OF THE CITY CLERK BIANCA L. TIRADO, CITY CLERK COMMUNITY INVESTMENT Committee Members Present: Committee Members Absent: Other Council Present: Others Present: Presenters: Agenda: APRIL 13, 2026, 5:00 P.M. Ophelia Gooden-Rodgers, Kevin Upton, Karen L. White, Troy Warner Sherry Bolden-Simpson, Tom Gryp Dr. Oliver Davis, Canneth Lee, Rachel Tomas Morgan Bianca L. Tirado, Matthew Neal, Jasmine Jackson, Veronica Pitt-Payne, Bob Palmer Erik Glavich, Thomas Panzica Bill No. 26-11 -Designating Resolution - Real Property Tax Abatement for Wharf Partners LLC Members marked with an asterisk (*) are in virtual attendance. Please note the attached link for the meeting recording: https://docs.southbendin.gov/WebLink/browse.aspx?dbid=0,0,0,0,0,0&mediaid=407303 Committee Chair Troy Warner called to order the Community Investment Committee meeting at 5:00 P.M. Bill No. 26-11 -Designating Resolution -Real Property Tax Abatement for Wharf Partners LLC Erik Glavich, Director of Growth and Opportunity, with offices on the fifth (5th) floor of City Hall, South Bend, IN 46601, presented the bill. He spoke about the successful phase one ( 1) of the Cascade project, and said the developer met or exceeded all commitments for their previous tax abatement. He explained the delays that have impacted phase two (2), including the City's Seitz Park project and the hydroelectric project. He said the developer has supported the City through these delays and donated land to the City for the riverwalk. He explained the financial terms of the proposed tax abatement for the phase two (2) mixed-use development. The eight (8)- story building will contain twenty-two (22) to thirty-two (32) market-rate condominiums. Jasmine Jackson CHIEF DEPCTY CITY CLERK/ CHIEF OF SnFF INTEGRITY I SERVICE I ACCESSIBILITY Matthew Neal DEPLTY CIIT CLERK/ DIRECTOR OF POLICY Veronica Pitt-Pa}11e DIRECTOR OF SPECL\L PROJECTS EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT 300 City Hall I215 S. Dr. Martin Luther King Jr. Blvd. I South Bend, Indiana 46601 Ip. 57 4.235.9221 If. 57 4.235.9173 I www.southbendin.gov ~-f~> CITY OF SOITTH BEND I OFFICE OF THE CITI CLERK Commercial space would receive a six (6)-year tax abatement, and taxes would be abated for the residential units while they are still owned by the developer. Over the abatement period, he projected two-point-five million dollars ($2,500,000) in taxes would be paid, and two-point-seven million dollars ($2,700,000) in taxes would be abated. Thomas Panzica, Petitioner, 320 East Colfax Avenue, South Bend, IN 46617, spoke about the project. He said the goal is to bring more people to Downtown South Bend. He spoke about the design and materials, and how they contribute to the expense of the project. He noted that these units are on the upper end of the cost spectrum, and they represent about one percent ( 1 % ) of recently constructed units in the City. Committee Chair Warner asked Erik Glavich to confirm that there were no unmet commitments in phase one ( 1) of the project. Erik Glavich confirmed that is correct. Committee Member Ophelia Gooden-Rodgers asked about employee benefits and rate of pay. Thomas Panzica said the primary employer in the phase one ( 1) building is Navarre Hospitality, and he understands that they offer a competitive compensation package. He said they do not yet know who the tenants will be in the phase two (2) building. He stated that the developer will not directly employ anyone once construction is complete. Erik Glavich said based on the estimated number of jobs and total projected payroll, the average wage would be approximately fifty-thousand dollars ($50,000) per year. Committee Vice Chair Karen L. White asked about the construction timeline and a potential phase three (3). Thomas Panzica said they anticipate starting construction in June, and there will not be a phase three (3) due to the need for surface parking. Councilmember Rachel Tomas Morgan asked if all phase one ( 1) units are occupied. Thomas Panzica confirmed all units are occupied. He said the units are primary residences for most residents. Councilmember Tomas Morgan asked if there are current conversations with commercial partners about leasing the retail space. Thomas Panzica said they have discussed a cafe bistro and spa. He said potential commercial partners want to see them begin construction before entering any agreements. Council President Canneth Lee asked if any units will be leased. Thomas Panzica said that residents will have the right to enter into leases, but the developer is not marketing it as a rental property. Committee Chair Warner held the public hearing, and nobody spoke. EXCELLENCE I ACCOUNTABILITY I INNOVATION INCLUSION I EMPOWERMENT 300 City Hall I215 s_ Or_ Martin Luther King Jr. Blvd. I South Bend, Indiana 46601 I P-574.235.9221 If. 574.235.9173 1 www.southbendin.gov CI1Y OF SOUfH BEND I OFFICE OF THE CITY CLERK Committee Chair Warner thanked Thomas Panzica for investing in the City. Committee Member Gooden-Rodgers moved to send Bill No. 26-11 to the Full Council with a favorable recommendation, which was seconded by Committee Vice Chair White and carried by a vote of four (4) ayes with one (1) Committee Member and one (1) Citizen Member absent. Committee Chair Troy Warner -Aye Committee Vice Chair Karen L. White -Aye Committee Member Ophelia Gooden-Rodgers -Aye Committee Member Sherry Bolden-Simpson -Absent Citizen Member Tom Gryp -Absent Citizen Member Kevin Upton -Aye With no further business, Committee Chair Warner adjourned the Community Investment Committee meeting at 5 :28 P.M. Respectfully Submitted, ~ Troy Warner, Committee Chair EXCELLENC E I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT 300 City Hall I215 S. Dr. Martin Luther King Jr. Blvd. I South Bend, Indiana 46601 Ip. 574.235.9221 If. 574.235.91731 w'vVW.southbendin.gov