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HomeMy WebLinkAbout2013-12-18 Redev Authority MinutesSOUTH BEND REDEVELOPMENT AUTHORITY REGULAR MEETING December 18, 2013 10:30 a.m. Presiding: Raphael Thomas 1308 County -City Building 227 West Jefferson Boulevard South Bend, IN 46601 The December 18, 2013 Regular Meeting of the Redevelopment Authority was called to order at 10:30 a.m. by its President, Raphael Thomas. There was a quorum present. 1. 2. 3. ROLL CALL Members Present: Mr. Ray Thomas, President Mr. Jose Alvarez, Secretary Member Absent: Ms. Carolyn V. Pfotenhauer, Vice President Redevelopment Staff: Mr. Brock Zeeb, Director of Economic Resources Mr. Dave Relos, Associate, Community Investment Mr. Larry Meteiver, Legal Counsel Mrs. Jenny Hullinger, Recording Secretary APPROVAL OF MINUTES a. Approval of the minutes of September 4, 2013 Upon a motion by Mr. Alvarez, seconded by Mr. Thomas, the Authority approved the Minutes of the Regular Meeting of September 4, 2011. NEW BUSINESS a. Authority approval of Resolution No. 187 authorizing payment of settlement funds to Blackthorn Owners' Association Mr. Relos said DuPont made an herbicide that was used on lawns that was later found to also kill some pine trees. It was used in Blackthorn. The Authority previously approved the settlement for the claim and the check was made out to the Redevelopment Authority rather than the Blackthorn Owners' Association that maintains the trees. Resolution No. 187 allows the funds to be transferred to the Blackthorn Owners' Association which will use the money to buy replacement trees. Mr. Meteiver said the funds have been placed in a holding account. With the Authority's authorization they will be transferred to the Blackthorn Owners' Association. The trees will be planted in the spring. The settlement was for the trees, maintenance of the new trees, as well as ground preparation. There was $3,000 paid out for legal damages. Upon a motion by Mr. Alvarez, seconded by Mr. Thomas, the Authority approved Resolution No. 187 authorizing payment of settlement funds to Blackthorn Owners' Association and sign off on the certificate of completion. The Redevelopment Authority December 18, 2013 Meeting Minutes b. Authority approval of the second amendment to the Development Agreement for Eddy Street Commons Mr. Relos said the Redevelopment Commission approved this agreement at its meeting on December 12. The original agreement was signed by Kite, the Commission and Authority and the City in 2008 right before the economic downturn. The original agreement needed to be modified. They waited to see how things developed, the impact on property values and when it might be completed because of the economic downturn. Today we see the huge impact that Eddy Street Commons has had — the amount of people that have been employed and the taxes that have been generated from it and the overall economic impact it has generated. This second amendment focuses on the second hotel, the current hotel, various completion dates, and clarification of remaining infrastructure. After the Authority's approval it will go to the Board of Public Works. They are planning on breaking ground on the second hotel this spring. Mr. Alvarez asked for clarification between the direct and indirect impact of the development. Mr. Relos explained the pay received for doing the construction work would be direct benefit and the indirect benefit would be workers spending the money they earned in the city. Mr. Alvarez also asked about the condos being eliminated above the hotel. Mr. Relos said they are not doing the condos above the hotel but are planning an additional sixty flats directly south of the existing hotel. The original agreement specified so many units to be built. With the market the way it is the flats will be better than condos at this time. Financing of condos is difficult — 80% need to be presold before a developer can get financing. Mr. Relos said there is a high demand for all of the housing units that have been built in various price ranges. They are selling as fast as they are built. Upon a motion by Mr. Alvarez, seconded by Mr. Thomas, the Authority approved the second amendment to the Development Agreement for Eddy Street Commons. C. Authority approval of Resolution No. 186 appointing authorized representatives to approve and execute plats and conduct other administrative acts on behalf of the City of South Bend, Indiana, Department of Redevelopment Mr. Meteiver said this is an annual resolution that expedites business in the city without asking the Authority to come in when plats and other small items need a signature. The resolution is updated to include Chris Fielding, Brock Zeeb and Dave Relos to execute the various administrative documents. This resolution expires the end of 2014. 2 S: \COMMINVESTMANAGEMENT \ADMINISTRATIVE WORKING FILESTEDEVELOPMENT AUTHORITY ADMM\2013 \I2I8 J 3.MM.DOCX The Redevelopment Authority December 18, 2013 Meeting Minutes Upon a motion by Mr. Thomas, seconded by Mr. Alvarez, the Authority approved Resolution No. 186 appointing authorized representatives to approve and execute plats and conduct other administrative acts on behalf of the City of South Bend, Indiana, Department of Redevelopment. 4. NEXT MEETING DATE: January 16, 2014 5. ADJOURNMENT There being no further business to come before the Redevelopment Authority the meeting was adjourned at 10:45 a.m. Ms. Carolyn otenh President groceeb�Director 3 S: \COMMMVESTIMANAGEMENT DMINISTRATIVE WORKING PILESTEDEVELOPMEM' AUTfIORITY ADMIN\2013 \121813MNDOCX