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HomeMy WebLinkAbout12-08-08 Utilities CommitteeCOMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE The December 8, 2008 meeting of the Community and Economic Development Committee of the South Bend Common Council was called to order by its Acting Chairperson, Ann Puzzello at 3:40 p.m. in the Council's Informal Meeting Room. Committee Members present: Mark Smith, Citizen Member Other's Present: Councilmember's Varner, Rouse, Oliver Davis, Tom LaFountain, Catherine Fanello; Donald Brubaker, Don Inks, Mayor Stephen Luecke, Martha Lewis, Rita Kopala, Jamie Loo, Kathleen Cekanski-Farrand, Phil Faccenda, John Voorde AGENDA: Bill No. 08-110 -Tech Park Aoreement Councilmember Ann Puzzello, chaired the meeting. She introduced Mayor Luecke who proceeded to explain the purpose of the resolution. He explained the Council's role in approving the execution of a Certified Technology Park pact between the South Bend Redevelopment Commission and the Indiana Economic Development Corporation. He said partnerships between the City and Notre Dame and the Stated grade this creation of the State's first 2 site tech park possible. The creation allows a $2 million dollar state grant along with the city's right to take and dedicate up to $5 million more in various taxes over a 4 year period to put back in the park. Councilmember Puzzello asked if Notre Dame was tied to the Sample Street portion of the development site. Answering both that questions as well as a timing question from Oliver Davis, the Mayor said while Notre Dame was not tied to the Sample Street location financially, Notre Dame did pay $12- 15million dollars for the construction of a 50 thousand plus square foot building at the South Bend Avenue site. Councilmember Varner asked if the 2 sites were treated differently for tax purposes. No was the _ Mayor's response. Varner asked if the incubator built at Notre Dame would house viable companies. The Mayor said these companies were in the embryonic stage. Further South Bend was one of just four sites in the nation others being Austin, TX, SUNY-Albany, and UCLA. Councilmember Timothy Rouse voiced support for the park cautioning the search for revenue streams for the city's budget. Their being no quorum, no action was taken. There being no further business to come before the committee, Chairperson Puzzello, adjourned the meeting at 4:05 p.m. Respectfully Submitted, Ann Puzzello Member, Community and Economic Development Committee