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HomeMy WebLinkAbout2. MinutesSOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING October 17, 2008 10:00 a.m. Presiding: Marcia I. Jones, President 1. ROLL CALL Members Present: Members Absent Legal Counsel: Ms. Marcia Jones, President °Vlr. Nancy king, Secretary Mr. Hardie Blal<c, .Ir. Ms. Ann Rosen ??7 West Jefferson Boulevard South Bcnd. Indiana Mr. Greg Do~~~ncs. Vice President Dr. David Varner Mr. C'harlcs S. Lame. Esq. Mr. La~~~rencc 'Vleteiver, Esq. Redevelopment Staff: Mr. Don Inks. Director Vlr..leffrey Gibney. Executive Director Vlrs. Cheryl Phipps, Recording Secretary Mr. Bill Schalliol, Economic De~~elopment Specialist Mr. Robert Mathia, Economic Development Specialist Ms..lennifer Laurent Economic Development Specialist Mr. Nicholas w'itwer, Economic Development Specialist 'GIs. Debrah .leanings. Property Manager Others Present: Mayor Stephen Luecke '~9r. Tom Price. Ma~or~s C)fiicc Mr. Patrick SU-icklcr, Bluc Waters Group Mr. Ken Heree~~ Ms. Heather Short-Danis Mr. Tim Wall 14s. Jamie Loo. South Bend Tribune Ms. Rita Kopala Ms. Linda Wolfson, Community Forum fbr Economic Dc~~ Mr. Chris Dressel, Community Development ELECT[O'S OF OFFICERS Ms. Jones noted that Ms. Nancy King has replaced Mr. Karl King on the Redevelopment Commission. She has been s«orn in by the City Clerk. Since Vlr. Kin~~ was South Bend Rederelopmcnt Conunission Re~~ular Meetin~~-October 17. 2008 ELECTION OF OFFICERS (CONT.) Vice President of the Commission. ne~~~ officer(s) need to be elected. VICE PRESIDENT Mr. Blake made a motion to nominate Mr. Greg Do~~~nes as Vicc President. Ms. Jones seconded the motion. The vote bein* unanimous. Mr. Do~~mes ~~as elected Vice President ftn the remainder oC2008. SECRETARY Mr. Blake made a motion to nominate Ms. Nancy King as Secretary. Ms. Jones seconded the; motion. The ~-otc being unanimous. 'Vls. King was elected Secretary f~~r the remainder of 2008. 2. APPROVAL OF n111~UTES A. Appro~~al of Minutes of the Regular Meeting of Fridap, September 16, 2008. Upon a motion by Ms. King, seconded by Mr. Blake and unanimously carried. the Commission approved the Minutes of the Regular Meeting of Friday. Octoba~ 3. 2008. 3. APPROVAL OF CLAIMS MR. Do~rties ~~ ~s i_i_t ci fD Vice PKrsmenT i oR~ ne ae~~:v~DrR or?OOs Ms. Kite ~sAS [_rerreo SFCRtr,vzv roiz me Re\4All~'D[_R OP X008 C~O~A1 Al LSSIO'~ APPROVED IIIL Vlltitl I?S OI THP RaGri ~R?~1trii~corlRiDA~.OcroHrR3. X008 Redc~~clopmcnt Commission Claims submitted October 17. 2008 for approval. 305 FUND SBCI)A I30ND Rieth Riley Consu-uction. Inc Majority Building Inc ~1 DG X2-1 ;11RPORT AEllA t)"I SB Ilull fi Ass~iciates. Inc. 301.31~1?7 Michigan Street Improeements 54.6?5.00 lOl N. Michi~~~~n Exterior 5.600.00 101 N. Michi<~an I:xteri<u- Streetscape enhancement d [3usiness 25,97.50 recruitment L00150 I-:ckler-l,ahey and South Bc nd Foundry South Bcnd Redevelopment Commission Regular Meeting-October 17. 2008 3. APPROVAL OF CLAIMS (CONT.) Michigan Lock fi Kcy. Inc. l O5S0 Cylinder Shimmed K Keke ved on site K regular key cut 1629 Knoblock Baker ~~ Daniels 236?5 Legal Service Sopko. Nussbaum. Inabnit Kaczmarek 5.100.75 Legal Service Wire Transfer Friday ;rr 10'17;08 1:30 Ma'idian Title Corp. 39.126.68 YMlosin~_* on 1 l ld Grace St. =420 FUND l~[L DIS"I1ZICl~-SBCDA GLNI~:KA1. Baker R Daniels 3.371.2] Standard fi Poor', 8.000.00 W'ighunan Pen-ie Indiana Michigan Po~~cr HOK Sport Ampco System Parkine CB Richard I~:Ilis Sopko, Nussbaum. hiabnit R Kgczmgrek 433 FUND RLDLVI?LOPMI?NT Baker fi Daniels Sopko. Nussbaum. Inabnit Kaczmarek Legal Service Analytical srvc rendered in connection Frith lease rectal revenue bonds of 2008 Century Center project Demolition of Gates Chevy Woi1d Building 401 S Laiavette I31vd Coyclcski Stadium -Facility Analysis 235 S Main St Lot & St Koscph St Surl~lce Lot St. Joe General Mgiutengnce ~ Management Fee 1.41;.00 3,582.08 77.567.13 1,777.77 595.44 1,442?5 I.cgal Scrvicc 1,736.00 Legal Service 1,557.00 Leal Scryicc 619 BLACKCHO[ZN GOLF COl K$I~: Meado~~°hrook Golf Group 8.000.00 Management Fec Total S 542.091.37 Upon a motion by Ms. King, seconded by Mr. Blake and unanimously carried, the Commission approved the Claims submitted October l7. 2008, and ordered checks to be released. 4. COMMCNICATIONS Thcrc ~ycrc no Communications. ~~0~1AIISSIOA APPROA'r-.D IIIE CLAIA1S ur~n~irieoOc[oaea 17.300K. asi~oito~ato i nF c lire hs ro ae fzet_t_~srt~ IIIGRI! Nr_Rlf AO (b11At l'~A IC ATIOAS South Bend Redevelopment Commission Regular Meeting -October 17. ?008 5. OLU BUSINESS There was no Old Business. 6. NEIL' BUSINESS A. Housin; (1) Loan and Grant related to the South Bend Home Improvement Program for property located at 241 E. Indiana. (Jessie Brumfield and Joanna ~V'atkins) Mr. Inks noted that the loan is in the amount of S7.300. The ~~rant is in the amount of S 17,000. upon a motion by Ms. King, seconded by Mr. Blake and unanimously carried. the Commission appro~cd the Loan and Gant related to the South Bend Home Improvement Program for property located at ?41 E. Indiana. (Jessie Brumfield and Joanna ~~ atkins) B. SouTh Bend Central Development Arca (I) Memoraudum of Lease with Kcy S.B., L.L.C. (Key Bank Plaza) Ms. Laurent noted that the Icasc ~~ ith KeyBank tax the plaza ~~~as approved August 17. ?008. This Memorandum of Lease summarizes the lease in fewer pages for recording purposes. l,pon a motion by J~Ir. Blake, seconded by Ms. King and unaninu~usly carried. the Commission approved the Memorandum of Lcasc a~~ith Key S.B._ L.LC. (Key Bank Plaza) llieai ~~ as n'o Oi.o I3~si~ESs Co~nussio~ nr'i~rto~~eo~iie Lo~~ ~asoGa.asr iz~ i,~ rri> ro me Sot ~ni 13rs[~ F{o~~r IV1PROA1=A1 e!~l PROGRA~1 POR PROPLRIF i ocn i ro ~~ i '~ I I-. l~oi.~~ a. (Jessie t3iz~ ~~riei_o:~~~ Io:~~~N:~Wn~hi~s) Co~i~nssio~ ~i~rizo~eoiui ~1e~~oiznsui:n~or Lr_,~se cairn lke~~ S.I3., L.L.C. (Ke~~ 13an~h Pi ~z,~l 4 South E3cnd Raicvclopment Commission Regular Meeting-October 17. 2008 6. NE~k' BUSINESS (CONT.) Mr. Inks asked to consider items 6.C(4) and 6.Ci~) next. There was no objection and the items were Hawed up on the a~cnda. C. Airport Economic Dc~~clopment Arca (4) Proposal and contract for professional ser~~ices for Marketing Consultation and Communication Ser~~ices in the MIND area. Vir. h~ks noted that the City of South Bend is pert~~rming due diligence to ready acres of land in the Sample Street portion of its Catiticd Technology Park for graduates of Innovation Park and nanotcchnology,~high- tech companies locatin~~ in South Bend. In conca~t with acquiring property and getting it prepared fbr construction of new f~acilitics. strategic marketing and communication efforts also arc needed. Staff seeks authorization t~~r cnterin~ into a contract with the Bluc Waters Group to provide marketin~~ consultation and communications sen~ices to position South Send to make the most of the opportunity offered by the Midwest Institute for I~'anoclcctronics Discovery (M11~~D). The contracted amount fir the first phase, not to exceed X350,000. includes both labor and production costs. The first phase of this initiative in the next six months ~~•ill include: • Defining roles. responsibilities, priorities. expectation, and a working relationship with \ou-e Dame and Project Future. Developing a communications plan and positioninc strategy in relation to South Bend Redevelopment Commission Re<~ular Meetin~~-October 17. 2008 6. NE~~' 6USINESS (COnT.) C. Airport Economic Development Area (4) continued... potential competitors seeking to recruit similar economic development. • Creating a marketing plan and branding/identity campaign for the Sample Street site. • Initiating a national free media campaign to hi~zhlieht South Bends economic- developmenl opportw~ities. Strengthening the city's web site and producing collateral materials for use in this effort. Conducting pre-tests regarding perceptions of South Bcnd in a variety of target audiences. Staff intend at a later date to seek authorization for a second phase in 2009 and a third phase in 2010 and beyond. Priorities in those phases include developing a branding campaign for South Bcnd based on its strengths, creating a recruitment campaign for potential firms and producing media in support of those efforts. Total cost for all three phases is estimated at Sl? million. South Bcnd native Pan-ick Strickler lounded The Blue Waters Group Inc. in 2005 to provide communications strategics and seiti~ices to research-based businesses. universities and or~~anizations. The firm includes a team of senior ~~-ritcrs ~~ith deep experience in relating the ways academic research and tcchnolo<~v arc transformed into nevi businesses that benefit society and strcn~~then the economy. Blue Waters Croup 6 South Bcnd Redevelopment Commission Regular Meeting-October 17. ?008 6. LE~k' BUSILESS (COLT.) C. Airport Economic De~~elopmeut Area (~) continued... already has proposals before Project EUYLI I'e and the University of Notre Dame, which it anticipates tinalizin~~ ~1ithin a months time. The agency is developing a project- managcmcnt system to ensure interaction. coordination and collaboration among the three partners. Strickler is opening an offiicc in South Bend and ~~~ill be adding staff from the local area to work as part of the iirm~s team of specialists. Mayor Stephen J. Luecke has assigned Tom Price. Assistant to the Mayor. to allocate up to half his time to manage the proposed contract on behalf of the Department of Community and Economic Development and lead [he city's marl:etingla~nuiuu~ication ciforts in this initiative in collaboration with other community stakeholders. 'Mayor Luecke noted thatjust this week South Bend hosted the Indiana Association of Cities and To~yns conva~tion. Elected ofticials from across Indiana ~~~ere in South Bend for training. etc. They ~yere uni~~crsally enthusiastic about South Bcnd and the things ~~ e have going on here. What that experience made clear to the Mayor is the importance of telling South Bend's store. South Bcnd has a unique opportunity with the naming of Notre Dame as the Mid~~~cst Institute of \anoelectronics Discos-cry (MIND). It is also a challen~~e. ~~e~re pla~~ing with thr big bons. no~~. If ~~c want to commercialize products that arc dcvdopcd in the research park, if we want to sec that gro~~°th in jobs 7 South Bend Redevek~pnzcnt Commission Re~~ular Mectin<~ -October 17. ?008 6. NEW E3GSINESS (CONT.) C. Airport Economic Dev~clopment Arca (4) continued... and imcstment here instead of else~~~here. one of the thinLS we must do is tell our story to a national and international audience, as w~cll as in Indiana. Pat Strickla~ and the Blue Waters Group have the expertise to he able to do that for us. They have ~a~orked ~n-ith other research universities and with research technology companies to refine the message and convey ~~~hat is going on here. "hhis will be an important tool for us as ~,vc look to attract good researchers. to bring nc~n~ companies in. and help our community to be able to participate in this gro~~th. Mayor Lucckc pointed out that Mr. Strickler distributed the press release from the groundbreaking at Innovation Park to contacts that ~~e do not have. We got ex~x>sure in the national and international press. There have been many hits on the Internet to hear more about this story. We believe it is appropriate from time to time to hire outside firms to supplement out team. We are delighted to have the opportunity to work with the Blue Waters Group. The Mayor encouraged the Commission to support this request. Mr. Strickler noted that the Bluc Waters Croup was started in ?00~. 1 Ie had been running coteorate communications for the Uni~~crsity of Wisconsin. a large research university ~a~ith a ~rcat deal of traction and expertise in the tech transfa~ industry. Through that job, he had huge exposure to the issue of how to a>m~ey to the lay parson 8 South Bcnd Rcde~~elopment Conunission Rc~~ular Mcctin~~ -October 17, ?OOh (. NE~~' BGSINESS (CO'VT.) C. Airport Economic Development Area (4) continued... the rele~~ance of research in emerging technologies: to the business and financial imcstmcnt community. to the public policy people, to the go~~ernment people here and around the ~~~orld. As he did that. he saw an opportunity to do i~~r others ~n~hat he had been doing tin the University of Wisconsin. He established a small consulting firm, and ~~~ithin a matter of months was retained by a ~~cry large association. the Association of [;ni~ersity Technology Managers, a wc» ~Idwide entity. As a result of this client. he has had contacts and relationships ~~ ith hundreds of leadin~~ research uni~~ersities and technology dri~~en companies. As a tirm. they are now deeply entrenched in this niche of technology transfer and ho~n~ it is driving our economy in the post industriaVpost manufactu~7ng era of the ? 1" Century. VI r. Strickler noted that it is a long road to the success South Bcnd anticipates. but there is no other option. This is the future. The ten ~~~riters of the Blue Waters Group ha~•e a strong background in medicine, science and technology. They arc people ~aho can go Huse to nose ~a~ith the scientists and explain it. Ms. loncs cspressed Marl kin~_~s sentiments that this cifort ~~-ill not succeed unless ~~~c arc able to keep the project clear and open to the public the entire process. Mr. King ~~ould like to see sumethina in the ne~~s about Inno~ <ztion park at Notre Dame and the 9 South Bend Redevelopment Commission Regular 'Meeting -October 17. ?008 6. NEVI' 6USINESS (CONT.) G Airport I?conomic De~~elopment Area (d) continued... MI'~~D project every ~a~eek: explanation. redefinition. etc. Nir. Gibney Holed l)r. Varner s concern that our efforts in South Bend may not be rep-yarded with success. Vlr. Gibney expressed the belief that it certainly ~ti~ill not be successfiil unless ~~e get the word out fln-thcr than South Bend and even lorthcr than Indiana. ~hhis contract ~~~ill position South Bend so that we arc conummicating ~~~ith the right people. 'M r. Strickler said there is so much intellectual asset in South Bend. The knowledge economy is pulling those assets out of~the universities around the ~~orld. [t is going to go somewhere. South Bend needs to make the case for it going here. ~I~hat~s what Bluc Waters Group can do for South Bcnd---make the case for it coming here. Ms. Icing asked Mr. Strickler to describe the most similar project that he has been associated Frith. I Ie said that his efforts in 'Madison at the ~;niversity of Wisconsin were the most similar. the intellectual assets of the annnuulity. through ~~-hat's called the Wharf Model at the lh~iversiry of Wisconsin. And Wisconsin Alumni Research Foundation is the world class model in tech transfer. Mr. Strickler worked very closely ~~~ith them. and ~sith Mark Bueher at Unirersitti~ Research Park and the ciu- officials in Madison to brim all that together. One of the reasons Madison always comes out as one of the South Qend Redevelopment Commission Regular'Vleeting-October 17.2008 6. NEW BUSINESS (CONT.) C. Airport Economic De~~elopment Area (4) continued... most attractive cities in our modern economy is that there is this linka~c bet~~~een the university and city otiicials. Mr. Strickler worked deeply in that for years. Ho~~~ever. South Bend's model i5 unique. cuttim~ ed~~c. Ms. King asked if the Bluc Waters Group has done anything similar. Mr. Strickler responded that it has not. This is ne~~~. Ms. king asked if the 5350.000 includes any kinds of collata~al materials, or media. etc. IVIr. Strickler responded that the S350.000 is inclusi~'e of all materials. If 5350,000 seems like a lot_ we haven~t seen anvthin<~. pct. ~I-here is a ~~hole need to build South (3cnd~s credibility through editorial and Web Ill allatT,elll Cllt. Ms. Kind noted that the contract indicates that the 5350,000 ~~ould be used on an hourly basis. She asked if there is a rough hourly rate that he could name° Mr. Strickler said the average rate is $122.83. His peisonnl rate is a flair amount more. Those that work for him arc paid less than that. It is all laid out in the contract. The portion of this contract that is for labor. not production, is based on the work program that he and the city have produced that identities specifically what needs to be done. Ms. hin~~ asked staCi~~~~hat process ~~~as used in selecting the Bluc Waters Group. Were tha~e other candidates entertained:' Mayor Lucckc responded that the process started South Bcnd Redevelopment Commission Regular Meeting October 17. 2008 6. NE~~ BUSILESS (COLT.) C. Airport Economic De~~elopment Area (4) conTinued... ~~~ith Project Future. Mr. McMahon asked Mr. Strickler tax help in identitying someone ~~~ho could provide the sen-ices South Bcnd needed. Ultimately. ~~,~e felt the B{uc ~~~atcrs Group was the best qualitied. There was no hid process. And. Project Future, the University of i~otre Dame and the city all felt it would be bcnet3cial to use the same consultant to provide a uniticd message. We hope to eventually have a uniticd contract with all parties. but the cite didn~t want to ~~~ait f~~r that to be developed before getting to work. Mr. Strickler noted that he did not come to South Bcnd looking for business. The Blue Waters Group is very busy. Pat McMahon called him and asked his best counsel on how to approach this. Also. he doesn~t kno~~ anyone else in the counUy that does ghat Blue Waters Group does. It is not a public relations fiirm. Thev are serious writers ~~~ho are deeply experienced in technology and science. South Bcnd needs really good collateral to go to the market ~i~ith and explain itself. South Bend needs a much more proactiec Web presence, explaining its story. It needs either secondary or primacy research, qualitative and quantitative. relative to deeply held beliefs in the community and in the tar~~el markets. Ms. Jones asked if the funds to pay Blue Waters Group are from the funds committed 12 South Bend Rcde~°elopment Commission Rc~~ular 'Vlectin~ -Octohcr 17. ?008 6. :VE~'~' BI~SINESS (CO\T.) C. Airport Economic lle~~clopmcut Area (4) conTinued... to the MIIV'D project in our budget Mr. Inks responded that they arc. both in ?008 and if fixture funds arc required. Mr. SUickler sho~~~ed a couple of PowerPoint slides demonstrating a form of pass~~'ord protected Web site fior sharing intormation. He stressed how important this sharing of information is bet~~~ecn large players ~~~~ith difterent a~~endas. Bloc Waters Group ~a~ill o~~~n and manage the Web presence fior all three parties. Mr. Leone noted that there is an Addendum to the Blue Waters Contract ~~~hich sets out the city's standard terms and conditions. l,pon ~~ nwtion by Mr. Blake_ seconded by y-~s. I<in~~ and unanimously carried the Commission uppro~cd the proposal and contract fur professional sereices for 'Vlarkctin~~ Consultation and Communication Ser~~iccs in the MI\D area, subject to re~~ie~~~ by Ie~~al counsel and also the Addendum to Contract ~~~ith Bluc A\ atcrs Group. (5) Resolution tio. 2518 appro.ing and authorizing the e~ecutiou of an Agency Agreement by and bch~~cen Yhc South Bend Rede~~elopment Commission and the Cih~ of South Bend, Indiana, Board of Public ~1~orks relating to the ~11ND project. Vlr. Inks noted that this iy~~encv A~~recment ~~~ill allo~~ the Board of Public ~y'orks to act COAIAllSSIOI~' APPROA'L--DTI IL PROPOSAL AhD c~~~ rR~u r roR RROressio~aL sni~~ic s roR ~1.aitRi i ivG Co~.suLr,a i ioti ,~~~n Co~nu~ic ~TU>n Sra~'ic i s n ~nE A--7IND ARGA. Sl I31[_Cl IU RliA'Ir-.AA BY LP.GAI_COL~sGI_ ,~~n ~rsorni= ~i~ixnoi~w roCo~rRnc~~~i~~n [3ur ~~'-~i rizs (iROI R 1, South Bend Redevelopment Commission Regular Meeting -October 17, ?005 6. NEB' BCSI~ESS (CONT.) C. Airport Gcouomic Development Area (~) continued... on behalf of the Ralcrclopment Commission for certain engineering shidies to be done in the MIND area. There is due diligence that needs to he done as we more to this type of development. Upon a motion by Ms. King, seconded by 'Vlr. E31akc and wtaninuxisly can~ied, the Commission appro~~cd Resolution No. ?5IR approving and authorizing the execution of an Agency Agreement by and bch~~ccn the South Bend Redevelopment Commission and the City of South Bend. Indiana, Board of Public Works relating to the MIND project. B. South Bend Central Uevclopmcut Area (2) Resolution No. 2514 approving and authorizing the execution of an Agenep Agreement B~~ and Beriveen the South Bcud Redevelopment Commission and the Cite of South Bend, Indiana, Board of Public ~'`~orks relating the Management of Parking Garages. Ylr. Inks noted that the Commission has ca~tain property management responsibilities in the do~a~nto~~~n, including on-street parking. parking garages, retail space. etc. It has been a long time since the Commission has gone out for proposals for management of the parking garages and management of the retail space. ]n addition, management of the retail is time intensive and does not have the return on im~estment that other development does. We arc looking at a Master Lcasc of the retail Co~inussion~ ar~aove~ Ri soi_~ nog No. 3~ 1 S ANPROA IAC. 3~D AITHOR191SCi THE ETECC"rlOA or n~ ~cr~cv Ac~Kee~~rn~r uv n~i> r~t_r~~~ r_~ rur soi ni Be~i> Reorrr_i <»rir~ i Co~~~unssio~~:~~~i~rin Cir~~orSor~iil3r~n_ I~~uiaN,~. I3onKO or Prauc Woiei.s iz~r,~ri~c ro ri u- ~~[ND eizo~[.c~ 14 South Bend Redevelopment Commission Regular Meeting-October 17, ?008 6. NE~'~ 13l'SI'VESS (CON'T.) B. South bend Central De~~elopment Area (2) continued... space that would ensure the Commission an annual lease amount, but would take us out ofall of the work ~~ith tenants. Ms..lennings noted that Resolution No. ?514 approves and authorizes the Commission to mana~~e the Leighton Plaza parkin~~ garage and the'vlain%Colfax garage. The purpose of the translcr of responsibility is to include the citv~s ~arar;cs ~a~ith Commission owned garages in an RFP for managin~~ all the downto~.~~n garages. Mr. Inks noted that the Redex~elopment Commission has been working with Ampco fior our parking garages and ~~,ith CB Richard Ellis for our retail space. The request for proposals on both of these is no retiection on the ~',°orking relationship with either of those tines. ~I~hcy arc doing a tine job for us. As a goti~crnment agency we feel it is prudent to periodically seek proposals for mana~semcnt of those facilities to make sure we are getting the best value for taxpayer dollars. They will be given the opportunity to make a proposal, also. Upon a motion by Mr. Blake, seconded by Ms. King and unanimously carried, the Commission approved Resolution No. ?514 approving and authorizing the execution of an A~~encv Agreement By and Bet~~~een the South Bend Redevelopment Commission and the City of South Bend, Indiana. Board of Public ~'orla relating the Vlanagemcnt of Parking Garages. Co~~~~nssio~ nni>novrn Krsouno~ No. ?~ 14 nn~Rrnisc,~xo ~r~~rnoi~i~m~c nir i~FCU~iox OP AAA .-~G C,ACI".~<~RC GA11 V"i BY ASD ~31~I~~EEh' rnn Sor~rn [3rN~~ Rr_i~evr_roi~nu-n'i (~oA1AiISSIiO~N 1xD l nr ~~I11' 01- SOl I H I3 rT D. IVDL~'~:1. BOAKD Or ~~t:BLIC ~'~'ORIiS RGLAI L'~Ci -rill- ~1 ~~nc;e~-t[ error P.~Rhivc G Ott-~Grs l5 South Bend Redevelopment Commission Regular Meeting October 17. 2008 6. NEVb' BUSINESS (CONT.) B. South [3end Central Development Area (3) Request for Proposals for h1anagemenY of Cih~ of South Beud and Redevelopment Commission Parking Garages. Ms. Jcnnin~~s noted that statt~ is requesting to solicit proposals frn the management of Lci~~hton Plaza, die Main Street Parking Garage and the Wayne Street Parking Garage. Upon a motion b~~ Mr. Blake. seconded by Ms. I{ing and unanimously can-icd, the Commission approecd the Request for Proposals for Management of City of South Bend and Redevelopment Commission Parkin~~ Garagos. (4) Authorization to Publish Request for Proposals for Management of Cit~° of South bend and Redevelopment Commission Parking Garages with Receipt of Proposals at 9:00 a.m., December 5, 2008. Upon a motion by Mr. Blake, seconded by Ms. King and unanimously carried. the Commission authorized publication of the Request for Proposals in the South Bend Trihune and Tri-County Ne~xs on October ~~ and No~cmbcr 6. 2008 with a dcactlinc For receipt of proposals to he 9:00 a.m.. December 5. 2008. The Request for Proposals will also be sent to interested mana~~emcnt firms. (5) Request for Proposals for ~7anagement of Redevelopment RcYail Properties. Coy-i~~issio~ nRRROren rnr Rio~rs~ roR PROr~os ~~s FoR ~~1.n~:~c--nv ~i ur Ci rv ~i Soini Rr~o;~~oRror_v-_i_or'n-n~~ Co~i~~issioN P-~ai;i~c Gnie,acses Coy-~~nssio~ ;~~ ruoRizF_~ R~ui_ic vno~ or me RG~)I I S I POR PROi'osni S IA I Hr SUITH BF_'~D 1 RIBI~L AVD I RI-COIAI l ~I_A~'S OA OCTOBER ~~ AVD NOVE,~4BER h. ?003 \4'ITH A DGADLIAr FOR RL CC_IPT OI PIZOPOS:~I S"IO BG 9:00 A.~~1., DCCP~1BeR ~. 3008. I6 South Bend Redevelopment Commission Regular Meeting October 17. ?008 6. NE~~' BUSINESS (CONT.) B. South Bend Central Dcvclopmeut Area (5) continued... Ms..lennings noted that statf is requesting appro~~al of Specifications to include in an Request for Proposal far managanent of Redevelopment Retail Properties. ~;pon a motion by Mr. Blake, seconded by Coni~nssiox ~i~rkrni.u i in_ Ri~:oui sr roiz Ms. Icing and unanimously carried, the 1'iz~>i'<i5ai roiz n-t ~~ wren ~r or Commission approved the Requesttur Rt_i~i-~i_i~~i>~~e~i Ri_rnii Paoi~t_irrir_s Proposal l<~r Management of Redevelopment Retail Properties. (6) Authorization to Publish Request for Proposals for Mana;e-nent of Rede~~clopment Retail Properties ~t~ith Receipt of Proposals at 9:00 a.m., December 5, 2008. Upon a motion b~~ Mr. Blake. seconded by Ms. ling and unanimously carried. the Commission authorized publication oCthc Request fbr Proposals for Management of Rcdcvclopment Retail Properties with rc:ecipt of proposals by 9:00 a.m., December ~, ?008. (7) Resolution No. 2515 Setting the Fair Lease ~'aluc of Propcrh~ in the South Bcnd Central De~~elopment Area. Ms..lennings noted that two appraisals of the rede~~clopment retail have established an average Lase rate of $ I I .j0 per square t~x>t. Staff recommends approving Resolution No. ?515 setting S I I.50 as the lease rate 1~~r the Master Lcasc. co~inussio~ ,~~ i u~>iziu_u r~tsi_i~~a uo,v or rue Rrcxi srFOiz Nizor~os,~i s roiz Yla~~c~en~rci or Kt-ueve~ornte~ r Rer:v~ Pao~~uz i its ~a'nii RIiC GIPI OP rROPU5:11S [31' 9:U0 ,A.14., Drce~-~ut~z ~_?OOS ~;pon a motion by Mr. Blake, seconded by ~~~>w~itssio~ ari~aoveo RGSOLl:Tl0y No. _5I Ms. ling and unaninu~usly carried. the S~-ri i~c~ rue F.viz Le,asr vau eor Pfu»ear~~ Commission uppro~al Resolution No. ?515 ~~ rur So~rii Bi ~i>Cr~snz-v-Devi toi~~,~~i~-~'r ~aea 17 South Bcnd Rcdcyclopmcnt Commission Rc~~ular Mcctin~~ -October 17, ?008 6. NE~~' 6USINESS (CONT.) B. South Bcnd Central Development Area (7) continued... Setting the Fair Lease Value of Property iu the South Bend Central Dcvclopment Area. (8) Specifications for Master Lcasc of Redevelopment Retail Properties. Ms. Jennings noted that the Specifications have been designed in a ~~~ay that releases the Redeyclapment Commission from being a direct lesser of the retail space and specifies the same lease terms the Commission currently uses. Upon a motion by Mr. Blake. seconded by Ms. 1<in~ and unanimously canied, the Commission approved the Specifications for Master Lcasc of Redcyclopment Retail Properties. (9) Authorization to Publish Notice of Intended Lease of Propcrh ~~~ith publication dates of October 22, 2008 and November 6, 2008 and receipt of bids at 9:00 a.m., December 5, 2008. Upon a motion by Mr. Blake, sccrnidcd by Ms. King and unanimously carried. the Commission authorized publication of the ti~otice of Intended Lease of Property ~~~ith publication dates of October ~~ X008 and Nu~embcr 6.'_008 and receipt of bids at 9:00 a.m.. December ~. ?U08. (10) Resolution No. 2=181 related to acquisition of propert~~ in the South Bcnd Central Development Area. (S~~~ corner ~~'a}~uc cC ~~illiam) 18 Co~i~nsvo~~ ai~i>izo~~en ii~i_srrcu icn~io~s roa ~1 asreR Lr ~seor Rroi-~~r_i ~~r~~~r~i IZFIAII. PROPLRnE~S L0~1,A 11SS10A' ,AlTH022r'D PCRI IC:~llOA OF fill- No~icr <~r I~ n ~i~r_o Le ~Sr or Pizorriz n~ ~~~rni Pl 131JC,A'I IOA D A I F S OF OrronEiz ~~. ~(N)8 1~D Noy ~-~iHr_tz C,. ?U0~ nyi~ Krcrir~ror Qins :~r 9.00,~.~ai.. D~-ce~~nit_it 5.?OOR South Bend Ralevelopment Commission Regular Meeting -October 17. ?008 6. NE~~' BUSINESS (CONT.) B. South Bend Central Development Area (10) continued... Mr. Inks noted that items 6.B.(10) through 6.8.(14) arc related to property acquisition in the Co~~deski nci~~hborhood area. Mr. Gibney ga~~e the staff report on those items. Mr. Gihneti~ noted that the neighborhood planning area extends from Western to Jcticrson and from Taylor to Main St. HOIC. the tirm ~n~c hired to plan for the stadium and the surrounding area. is preparing a request for proposals for the Co~~cleski Nci~hborhood Plan that ~s~ill be sent to appro~imatcly thirri- regional de~clopment firms. We ~~~ill be doing this in the same w°a~~ ~~°c did ~~~ith Bddy Street Commons. The Co~~clcski Park 'sJcit~hborhood Plan calls for miscd use dc~ clopment, including commercial, residential and the potential t~n~ additional t~3mily sports and recreational dc~~clupmu~t. 19 S. William. 414 S. yY'illiam, 416 Western and the south~~~est corner of Wayne and ~~~illiam arc properties adjacent to properties the Commission alrcadv o~~ns. The o~~~ncrs arc ~~~illin~~ to sell. and acquisition pro~idcs the Commission Frith a large contiguous parcel of land t~~r reuse. The projected use of this block is ~<~r nc~~ housing dc~°clopmcnt. Resolution ?~~o. ?481 establishes the offerin<~ price fin the south~a~est corner of W'a~~nc and William at 577.000, the a~crauc of~t~~o independent appraisals. l~hc o~i~ner of the propc~rt} is GMS. 1 r) South Bend Redevelopment Commission Regular Mectin<~ -October 17, 2008 6. '\E~~' 6CSlNESS (CONT.) B. South E3end Central Development Area (lU) continued... Upon a motion by Ms. King. seconded by Mr. Blake and unanimously carried, the Commission approved Resolution No. 2481 related to acquisition of property in the South Bend Central Deyclopment Area. (SW corner Wayne 8: William} (11) Resolution 'Vo. 2482 related to acquisition of property in the South 6cnd Central Development Arca. (3l9 S. William) Vlr. Gibney noted that 319 S. William is a vacant lot ovvncd by Cliffi~n-d Euacnc Shavv and Oneida .loa^ Park.. Resolution No. 2482 sets the offering price at S7?50. based on the average of tvs~o independent appraisals. Upon a motion by Ms. Bing, seconded by Mr. Blake and unanimously carried. the Commission approved Rcsolution'~~o. 2482 related to acquisition of property in the South Bend Central Development Area. (~ 19 S. William) (12) Resolution No. 2489 related to acquisition of property iu the South 6cnd Central Development Area. (411 S. V1'illiam) Mr. Gibney noted that Resolution 'V~o. 2489 sets the offerin~u price tier 414 S. William at S 17?30, the average of rivo independent appraisals. The vacant lot is ov~ned by Ronald Zubkoft: Upon a motion by Vls. hin~a. seconded by Mr. Blake and unaninu)usly carried, the Commission approved Resolution No. 2489 ~~) ~~OA1111SS10A AI>RROAi_D Resol.l l u)x No. ~~R I RI-I_nleD ~ro ncQlisli toAor hROhhRIV iA~Iir Sol, rll Br_NO CI vI Rnl DI v'FI oRy11 v I Alzr -v. Con-nllssloy nRRROv~eo Rlsol-~:noy No. ?48? R6L_Al CD-10 ACQIISITIUA OF PRONt It Il" IN IIIE SOt'T n L3 END CP.AT RAL Dr--: A'ISLOP>1LNT ARE\. 1319 S. AV'u_I_In~1) Coy1vmslov ,vhRROveo Itl sol_ci IoN No. ?489 RI-:~..a I v-D ro vc~)i IsrnuA or RaoRelrn~ IA 111r SOCTH I3E\D C[-\TRAL D[ \ GfOP,\1 LNT AREA. South Bcnd Rcde~~clopmcnt Conunission Regular Meeting -October 17, ?008 6. NE~~' BUSINESS (CON"T.) B. South Bcnd Central Development Arca (12) continued... related to acquisition of property in the South Bead Central Deg°clopment Area. (414 S. William) (13) Resolutimi No. 2495 related to acquisition of propert~~ iu the South Bend Central Development Arca. (416 ~~estern Ave.) Mr. Gibney noted that Resolution No. ?495 sets the o1 ~crin~~ ~~rice for 416 Westa~n A~~enuc at 5161.8?5. the avera~.;e of t~~~o independent appraisals. "i~he property is an 11.040 sft lot ~~~ith one commercial structure. o~~~ncd by Jack F. Richey Jr. and Pamela E. Richey ~;pon a motion by Ms. King, seconded by Mr. Blake and unanimously carried.. the Commission ap~~ro~~ed Resolution Ao. ?495 related to acquisition of property in the South Bcnd Central De~~elopment Arca. (416 ~w'cstcrn A~~e.) (14) Resolution No. 2496 approving and acccptin; a counteroffer for the acquisition of propert~~ in the South Bcnd Central Development Arca. (416 ~~~estc-•n Avc.) Vlr. Gibney noted that the Richevs hay c made a counter offer in the amount of S 190,000. The ~~alue is similar to the ~~alucs oi~other commercial propa-ties acquired in the area and ~~~ill have no relocation costs associated ~~~ith it because the o~~ners desire to retire. Staff recommends accepting the offer. ~~ ('~~~i~aissio~ ,~rrao~~ei~ RESOLlTl0y No. X495 izri :~n~_u ro -~cc~~isrno~ or i~ieorca~r~~ i~ iin= So~~ i i Be~[~ Ct_~ nz,~r Dt ~'[t orwi n r A~zi-~~. (416 ~~'i_siea~,l~r-.) South Bend Rede~~clopment Commission Regular Meeting -0ctober 17. 2008 6. NL~~' BUSINESS (CONT.) B. South Bcud Ccutral Development Arca (14) continued... Mr. Gibney noted that the total cost of these acquisitions is S291,500 which is within the 2(1(18 do~~~nto~~~n budget for Coveleski Nci~hborhood. Ms. Jones asked if GMS. Sha~~~/Park. and Zubkoffs arc ~~~illin~~ to take the offerin~~ price. ~~~ith ^o counter offer. Mr. Gibney responded that they hay e indicated they ~~'ill accept the offering price. Ms. Jones noted that the Coveleski Plan is consistent ~~~ith City Plan, including Citv Plans desire to increase housing in the do~~rntown. Upon a motion by Ms. King. seconded by Mr. Blake and unanimously carried, the Commission appro~ ed Resolution No. 2496 appro~~ing and accepting a counteroffer for the acquisition of property in the South Bend Central De~~elopment Area. (416 Western A~~c. ) (l5) Resolution No. 2516 approving and authorizing the execution of an Agenc~~ Agreement b~~ and behveeu the South Bend Redevelopment Commission and the Cite of South Bend, Indiana, Board of Public ~~'orks relating to the Centur~~ Center /Sculpture Garden project. Mr. Inks noted that at its last meeting the Commission appro~ cd mop ing ahead with the Sculpture Garden ~~roject. ~hhis a<zrecment allo~~~s the Board of Public Works Co~~~ti,~siu~ ,~i~i~iz~>~en Rrsoi_Ci ion No. 2-196 nr~i>ito~~iu; ago ~ccri~rin~c n cot'nrertorri_iz roil rnt ~cp~ i5i~ ion or [~iu~i~eizn i~ ~ nr Sot t u 13[_~o Ct ~ i K-ai. Di ~ t i or~~ [ ~ i Aitr,~. ~~ South Bend Rede~~clopment Commission Regular Meeting-October 17, 2008 6. 1SE~~' BGSINFSS (CONT.) B. South Bend Central Development Area (15) continued... to bid the project out and o~~ersee inspection of it. Upon a motion by Mr. Brake. seconded by Ms. King and unanimously carried, the Commission appro~~ai Resolution '~'o. 2516 appro~~ing and authorizing the execution of an Agency Agreement by and bet~~~ecn the South Bcnd Rcdc~~dopment Commission and the City of South Bcnd, Indiana, Board of Public Works relating to the Ccnturv Center Sculptw~c Garden project. C. Airport Economic Development Area (1) Amendment to Golf Course Operations and !~9anagement Agreement Blackthorn Golf Course. Vlr. Isla noted that it ~~as the Commission's intent to go out with a Reyuest for Proposals t~~r management of Blackthorn Golf Course in 2009, but due to a hca~~v ~~~orkload, the staff has not done that. The City ConUoller has met with Mcadow~brook Golf Group and has recommended this one-vcar extension of their contract under the cun~ent terms. ~~~ith the intent that ~~-e ~~ill do a Reyuest t~~r Proposals f~~r the 20l 0 contract. Upon a motion h}~ Mr. Blake. seconded by Ms. Kin<~ and unanimously carried. the Commission appro~ ed the~An7endment to Golf Course Operations and Management A~~recment Blackthorn Golf Course. Co~~~iissio~ ai~i~ito~'ri~ RrsorL~ ion No. ?> ICS v~riu~~ i~c ,~~i~ n~ i uoavuc ~ ue ~ ~t ct~ru>n~ UP AA ;~GLNC1' ~A(~R 175V1f nl- RY 1AD BEIlV'Lf'\ ll l1= SOl'~-III I-3f-.!~D IZI-.DI_A'FIOP~1 f-.~~I Co~ti~~~ission~n";o7iii CiivotSOLniBe~o. I~uin~,~. [3ontzo or Pri3i7c ~~~oahs KrL»i~c ronnCr~r~ izvCi-~rLe ScLir7~ ttt_Gnrzor~ i~[zo~t < i Co~niissio~ ni>rizo~ro i ni -~~ii_~i~~~t-n~i 10 Goer CcxKSr Oi~eizni ions ,~~i~ ~9 ~~,~ce~~mnr ~GRCCAdLS7 [3LAChI110RV GOLF COI~RSr ~3 South Bend Rcdcvclopment Commission Regular Meeting-October 17, ?00~ 6. NE~~' BUSINESS (CONT.) C. Airport Economic De~~elopment Arca (2) Resolutiou No. 2513 related to acyuisition of propcrt~~ in the Airport Economic Dc~~clopment Arca. (1114 Cracc St) Mr. Wit~~cr noted that I 1 14 Grace is located near the Oliver Industrial Park where we arc acquiring property on a voluntary basis because the area int-udes into the industrial park. The oftcrin~~ price tix this property is 5»,750, based on the ava~age of two independent appraisals. The property is owned by Irene Niedbala. Pat-icia Mellen and Raymond ~icdbala. Upon a motion by Ms. King, seconded by Mr. Blake and unanimously carried. the Commission appro~cd Resolution :~~o. ?51 related to acquisition of property in the Airport Economic Development Arca. (1 1 14 Grace St) (3) RcsoluYion No. 2519 appro~~ing and accepting a counter offer for the acquisition of propert~~ in the AEDA (111 Grace) Mr. W it~a~cr noted that the o~~~ners of the I 1 14 Grace property have made a counter offer in the amount of S X9.000. Staff reconuncnds approval. Upon a motion by Ms. Kin~a. seconded by 'Vlr. Blake and unanimously carried, the Commission approval Resolution \o. X519 approving and accepting a counter offer tin the acquisition of property in the AEDA (I 1 l d Grace) Co~i~~issio~ v>rizovr_o Ri soi.~~non'~o. X51 izr_r.-ct i u ~<~ -~c <x isrnon of [~itot>t Rrti~ i~ rni` 41RPOR I ESSOAU1nC DI A FI oPA16V I ARI iA. (III-~ Gizncr St ) Co~i~iissio~ -~rrizovri~RFSOU.ru~~ No.?~19 rArPRU~ I'~G ~1 A'I) -1CC rPlIAC, A COCA ITR OIPLR rotz n n ,ac<~iisi i ion or i>korea n~ is rrn_ ALDA(I11-1Ci~z+c'r) ~q South Bend Rcdcvclopment Commission Regular Meeting -October 1 7. ?003 6. VEVk' Bh'SIISESS (CONT.) G Airport Economic De~~elopment Arca (6) Filing of Resolution No. 2514 amending the Airport Economic De~relopment Arca Dc~~elopmcnt Plan. (Adding properties to acquisition list). Item 6.C.(6) ~a~as tabled until the November 7. ?U05 mcctint. D. ~~'est V1'ashiugtou-Chapin De.°elopmenY Area Thcrc ~a~as no business in the West Washington- Chapin Development Area. E. South Sidc De~~elopment Area Thcrc was no business in the South Sidc Development Arca. F. Northeast ]~cighborhood De.°clopment Area There ~,ras no business in the Northeast Neighborhood Development .Area. G. Douglas Road Economic De~~elopment Arca There was no business in the Douglas Road Economic Development Arca. H. Ratification of Scr~~ice Conh•acts Thcrc ~~°a c no contracts for ratification. 1. Other (1) Agreement for Programs and Ser~~iccs ~~°ith l,~rban Enterprise Association of South Bcnd, Inc. (t~a4adc Hatching Grant Program, 11isha~~ aka A~~enuc, 200A) l~i eat 6.C.(C,) w;~s rnisrr_u ~ ~7n_-rue Nove~i[~r_a 7_ ?OOR nnri i~~c; ~~ South Bcnd Redevelopment Commission Rc~ular Mectin<~ -October 17. ?008 6. NE~k' E3USIl~ESS (CONT.) Other (1) continued.. Mr. Dresscl noted that at the September 19 meeting the Commission approved continuing the Facade Matching Grant programs to December- ~ I . ?009 usin~~ rcmainina ?007 funds. ?008 funds arc now- available, so these agreements add new funds to the cxter~sions approved September 19. The Urban Enterprise Association runs the Facade Matching Grant Programs on these three corridors. The ?008 funds for the Mishawaka Avenue Facade Matchin~z Grant Program are S>_000. Staff reconu»ends approving the agreement. Upon a motion by ~Ar. Blake. seconded by 'Vls. King and unanimously carried, the Commission appro~cd the Agreement fi~n~ Programs and Services with C;rban Entcrprisc Association of South Bend. Inc. (Facade Vlatchin~ Grant Program. Mishawaka Arcane. ?008) (2) Agreement for Programs and Ser~~ices ~~~ith Grbau Entcrprisc .association of South Bcnd, Inc (~a~adc 1~9atchiug Grant Program, ~i'estern A~~euuc, 2008) Mr. Dressel noted that he ?008 funds for the Western A~ cane Facade 'VIa[chim~ Grant Pro~i<un arc 53.000. Staff recommends approving the a<~recmcnt. Upon a motion by Mr. Blake. seconded by Ms. Kin~~ and unaninx~usly carried, the Commission approved the Agreement t~~r Programs and Services with Urban Entcrprisc ?6 ~~~~~~~nssio~ -~i>r~z~nrr>>m_ Acizrr~~ir~i roa Pkcx~rt,~~ts ~~~o Si izcicrs wiTii Uat3n~ [s n iti~izisr ns~oci~,iic~~ <~i So~i ii B[~n_ lac. (I~aC,~or \4:cr<~nmc, Ga?,~ r Pizoc;a.-~~~. MisH~~a:ur~A~tn~ r. '008) CO,A1 ~1 ~SS~US APPROVEDI Hr. AGKr[ lit-'~-r H)R PROGR VAiS ;AI~'D S~RVIC ES wlll I L~RBA~' L~ reizi~izisr nssocin no': o~ Sor rn k3r-Nip. Inc. IF~~C~aDI ~~AlCnrvG C~RAVT PROCiRA~1. ~~ Fsrf-a~ .weu~~r. X008) South Bail Raic~clopmcnt Crnnmissirn~ Re~~ularMeetin~-October 17.2008 6. NE~~' BLS[NESS (CONT.) Other (2) continued.. Association of South Bcnd. Inc. (Facade Matching Grant Program. Western A~~cnuc. 2008) (3) Agreement for Programs and Services with Urban Enterprise Association of South Bcnd, Inc (Fa~adc Matching Grant Program, :19iami Street, 2008) Mr. Dressel noted that the 2008 funds for the Miami Street Facade Matching Grant Pro~~ram arc S~.000. Staff recommends approring the agreement. Upon a motion by Mr. Blake, seconded by Ms. king and unanimously carried, the Commission approved the Agreement for Programs and Ser~~iccs ~~~ith Urban Enterprise Association of South Bcnd, hlc. (Fa4adc Matching Grant Program. Miami Strcct, 2008) 7. PROGRESS REPORTS Tax Abatement Mr. Inks noted that Commissioner Varner had asked for some information on the tax abatement program. The information has been pulled to~~ether and pro~~ided to Mr. Varner, but staff thought the other Commissiona~s ~~-ould appreciate the information. too. Mr. Mathia ga~~e the report. This year to date sac ha~~e processed or have in process 25 tax abatements as tollo~~s: COA1111SS10A APPRO A'I_D7nt AGREE NLA1 I'OR PRUGIL VAIS 4,'~U SI_RV'ICES VA I I I I URR 1S I-'~r~_R~'R~S~ Asxxi,a1 ion of So~:_i n 13 r_n~o_ Inc. (} ~(~,~i~i ~tai< m~G GR ~~ r PROGR>ni. Minnn SnzFtr. 2008 PROGRI'SS Ri_ROit i s ~~ South Bend Redevelopment Commission Regular Meeting-October 17. 2008 7. PROGRESS REPORTS (CONT.) 9 commercial real property abatements that ~~~ill help create 74.5 jobs and maintain 126.0 existing jobs. 'fhc estimated yaluc of the investments is S 16.5 million. This ~r~ill add approximately 54.1 million in tax revenue to the City. 6 personal property abatements that ~~~ill help create 5.0 ne~n~ jobs and help to maintain 138.0 existing jobs. The estimated value of the investments is 54.9 million. ~hhis will add approximatclyy S85?.OUO in tax revenue to the City. 10 residential abatements that will help with the construction of X40 ne~~~ single-family owned housing units. The estimated ~~alue of these investments is 561. I million. This ~a~ill add Dyer S I.5 million in tax revenue to the City. The total investment ibr the three types of~tax abatement is 582.5 million. This ~~~ill help create 79.5 new jobs and maintain a total 449 cxistin~~jobs fbr the City. At the same time the abatement will facilitate the construction of 340 ne~~~ housing units. To~~ether they will add a total of approximately S6.5 million to the City's tax revenues. I k~werer_ due to the poor ceonomy and the on-going credit crises, there has been a drop in the number of tax abatements proccsscd this year compared to last year. At this time last year ~~-e had processed 38 abatements. For all of last year there were 44 tax abatements proccsscd with a total invcsUncnt of S1 14.9 million. Those investments ~~~ill lead to the creation of approximately 201 .0 ne~~~ jobs and assist Keith maintaining 1.470.5 jobs. Also. abatements were appro~°ed tier the construction of 158 near single family housin~_= units and l?8 multi-family units. The projects carried out as a result of~the 44 abatements will add approximately 57.7 million in tax revenue to the City. Also. the economy has stymied home construction. Than arc three residential tax abatement renewals listed in this years report. ~hhe~ arc not brand ne~y projects. 28 South Bend Raievclopment Commission Re~~ular'Vleetin~~ October- 17_?008 7. PROGRESS REPORTS (CONT.) The three arc the t~~~o Cooreman projects and the Cleland project. In spite of~thc economy tax abatements are helping our local businesses to expand and to compete in both the national and international markets and they arc assisting home owners move into ne~~ homes and add value to the total housing stock of the City. Proiects Vlr. Inks noted that the do~antu~~~n side«~alks and lighting project is Wowing along. The decorative brick~~-ork that had become difficult and expensive to maintain has been replaced with concrete ~x~ith a pleasing pattern. The addition to 101 N. 'Michigan Strcct is proceeding. nll the steel is up and some slain is going on. The cit~~~s historic fa4ade restoration to that building is also moving along. Eddy Strcct Commons: The garage is going up. The}~ ha~~c split the construction into to parts: cast and ~a~cst. They are pourin~a concrete for the west side one story above ground no~~~. Thev have poured the foundations of the first building along Gdd_y Strcct. They arc close to being on the construction schedule they set at the be~innint~. "hhe Gates buildin« is nearly demolished. also. 8. NEXT COMn11SS1ON 1~1EETING The next meeting of the Redevelopment Commission is NrxrCo~n~issio~~ N9r-rnNc scheduled for ~ridav. Noy-ember 7. ?OOh at 10:00 a.m. ~y South Bend Rede~'clopment Commission Regular Meeting -October 17. ?008 9. ADJOUR'V~~IE~T There bcin~ no further business to conic before the '~o~o~ rz~.~~~ii~~r Rede~~elo~nncnt Commission. Mr. Blake made a motion that the meeting be adjow-ned. Ms. King seconded the motion and the meeting ~~~as adjourned at 1 1 :?3 a.m. Donald E. Inks. Director 30