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HomeMy WebLinkAbout2. Minutes 6/5/09SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING June 5, 2009 10:00 a.m. 227 West Jefferson Boulevard Presiding: Marcia I. Jones, President South Bend, lndiana 1. ROLL CALL Members Present: Members Absent: Legal Counsel: Ms. Marcia Jones, President Dr. David Varner, Vice President Ms. Nancy King, Secretary Ms. Stephanie Spivey Mr. Greg Downes Mr. Donald Alford Mr. Charles S. Leone, Esq. Mr. Lawrence Meteiver, Esq. Redevelopment Staff: Mr. Don Inks, Director Mrs. Cheryl Phipps, Recording Secretary Mr. Robert Mathia, Economic Development Specialist Ms. Jennifer Laurent, Economic Development Specialist Mr. David Relos, Economic Development Specialist Ms. Debrah Jennings, Property Manager Others Present: Mr. Jeff Gibney, Executive Director Mr. Tonl Price. Mayors Office Dr. Virginia Calvin, Ivy Tech Connnunity College Mr. Bob Placek, Ivy Tech Community College Ms. Barbara Duncanson, Ivy Tech Community College Ms. Moe Miller, Charles Hayes Con7n7unications Mr. John Pharr, Holladay Corporation Mr. Paul Pharr, Holladay Colporation Ms. Rita Kopala Ms. GlendaRae Hernandez 2. APPROVAL OF MINUTES Ms. Marty Wolfson, Community Forum for Economic Dev A. Approval of Minutes of the Regular Meeting of Friday, May I5, 2009. Upon a 1170t1On by MI-. Va]'nel', SECOllded by MS. COMMISSION APPROVED THE MINUTES OF THE King a11d Unanll110US1y Cal'I'led, the CO111r111SSron REGULAR MEETING OF FRIDAY, MAY 15, ?009 approved the Minutes of the Regular Meeting of Friday, May 15, ?009. South Bend Redevelopment Connnission Regular Meeting-June 5, 2009 3. APPROVAL OF CLAIMS Redevelopment Commission Claims submitted June 5, 2009 for approval. 305 FUND SBCDA BOND Majority Builders, Inc. 324 AIRPORT AEDA Concrete & Asphalt Recycling, LLC. Indiana Michigan Power Baker & Daniels South Bend Parks Recreation Dept. Wightnan Petrie Indiana Michigan Power Indiana Michigan Power DHA DHA The Blue Waters Group Meridian Title Corp 420 FUND TIF DISTRICT-SBCDA GENERAL South Bend Parks Recreation Dept. Rose Pest Solution Ampco System Parking Wightnan Petrie Sign Designs 7,998.62 101 N Michigan Exterior 7,226.70 LaSalle Square Lot 20.61 420 S. William St. 1,080.00 2,824.00 Lawn Maintenance 44,167.50 Phase II Environmentals 149.02 1010 N Bendix Dr. 7.00 501 Wenger St. 13,770.00 Sui-~~ey Work 1,672.00 Survey Work 12,315.70 MIND Project Area 556,972.45 Ziolkowski Properties 452.00 Lawn Maintenance 93.00 LaSalle Hotel Pest Control 225 S. Main St Parking Lot / 2,302.54 121 S. St. Joseph Surface Lot 118 S. William St. (The 1,205.00 Manor) 685.00 Colfax Landing Site Sign 422 TIF DISTRICT WEST WASHINGTON South Bend Parks Recreation Dept. Meridian Title Crop R.E. Pitts & Associates, Inc. Jerome E. Michaels, MAI 92.00 Lawn Maintenance 100.00 1045 W. Washington St. 3,350.00 Appraisal Services 3,850.00 Appraisal Report 430 FUND SOUTHSIDE DEVELOPMENT TIF AREA #1 South Bend Parks Recreation Dept. 94.00 Lawn Maintenance 454 FUND AIRPORT URBAN ENT. ZONE Project lmpact 51,924.00 ,Iob Training Services $ 712,351.14 2 South Bend Redevelopment Commission Regular Meeting-June 5, 2009 3. APPROVAL OF CLAIMS (CONT.) Upon a motion by Ms. King, seconded by Mr. Varner and unanimously caT-;•ied, the Coinmission approved the Claims submitted June 5, 2009, and ordered checks to be released. 4. COMMUNICATIONS (1) Communication from Joseph Tillman, Progressive Urban Industries TO: ll/lal"CIa J011es Redel~elopment Commission President TO 11'110179 It 179x!]' C011Ce171, j l1'I,Sh t0 /'adCe gl'eUr C'.l"CC'17(1017 r0 1%Olfl" 1"C'SJ7017SE' r0 my letter uf5-11-09. 1'ou state that the cil~~'s adn9inistrution of HUD-funded projects does not .full under the sclper~~ision of the Rede~~elopment Commis~sio~9 1 bclicl~e this assertion to be incorrect bused oil the follo~ring facts: 1. On the Redevelopment Commission 11~eb site it is stated that tJte Conln9ission is cl2crl~red with the reshonsihilit~~ of e.~-unri~ling areas of ~thc cih~ that are hlighted and in r~eecl ufde~~elopmeilt. Geitercrlh~, these t1~pcs of.ftu9ds crre HUD fiords, 1i•hiclt ~n•e .cuhject to tJle pro~~i.5ions of ~sz~ction 3. Z. Under IC 36-7-14-Z?.Z 1rhe~7el~er properh% is granted or sold to the Urban Elttethrise ~.SSOelatlon that, annUllg 0th e1' 1"eSpOnSlblh(IeS, 1 f the ~~ropertl• is demolished or rehuhhed the prol~isioils of~CFR 135.1 he enforced. 1 am ustoin9dcd h1~ ~•otn- efforts to puss this respo~tsihilih• opt. Yotr should knoii• full 1EC11 that the Redc 1~elopment C'unnnissiun is uccountuhle, for c>llforeing thc~ Icnr. Please stop pus.t~ing the buel~ COI?Ce1711ng )'0211' re.Sj)Ol'1,5'1b1~1rle.S a177d 111101"171 dle COMMISSION APPROVED THE CLAIMS SUBMITTED ,TUNE $, 2009, AND ORDERED THE CHECKS TO BE RELEASED South Bend Redevelopment Commission Regular Meeting -June 5, 2009 4. COMMUNICATIONS (CONT.) 1. continued... huhlic o f :>>oan• dust, hrc~scrnt ctnc] futtTre ~~f fo~~ts to comply Frith tl~c~ lair. Res7~ectfull>>, Jose1~1T Tillnicm PI"D~PPS'.571'C' Ul•~JU11 117L~1/s'h"1 C'S Mr. Inks noted that staff does not believe the Code of Federal Regulations applies to the Commission, but we believe it is appropriate to refer his letter to Iegal counsel and Iet them look into it and help us draft a response to Mr. Tillman. Commissioners agreed and the matter was referred to Legal. 5. OLD BUSINESS There was no Old Business. 6. NEW BUSINESS A. Tas Abatements (1) Resolution No. 2588 appro~~ing an application for real property' tax deduction for propert~~ kno~~-n as Lot 2 in the Portage Prairie area of the Airport Economic Development Area. (Ontario Partners) Mr. Mathia have the report on the project. Ontario Partners intends to construct a 55,000,000 development knoY~m as the Ontario Building in the Portage Prairie Development Area. It will be a speculative, 157,500 sft, light industrial building that will house multiple tenants performing a variety of business functions, such as medical supply, data storage, food/general COMMISSIONERS DIRECTED LEGAL COUNSEL TO STUDY' THE MATTER MR. TILLMAN~S LETTER RAISES AND DRAFT A REPLY TO MR. TILLMAN THERE ~~'AS NO OLD BUSINESS 4 South Bend Redevelopment Commission Regular Meeting .lune 5, ?009 6. NEW BUSINESS (CONT.) A. Tax Abatements (l) continued... distribution, printing or light assembly. The building will be constructed using pre-cast concrete panels. The building will utilize green building techniques such as florescent lighting. The building will be the second in the Portage Prairie Development Area which is expected to produce a total of over $350,000,000 in private investment. The first speculative building was the Huron Building which cu~~-ently has 60 people working in it on a daily basis. Because of the speculative nature of the proposed project, the petitioners are facing short deadlines. At this time they are still collecting info~-~nation to support the tax abatement petition. The information provided to date can only support a base abatement of three years. The petitioners are requesting arsine-year abatement in accordance with Section 5.7 (Tax Abatement) contained in the Project Agreement signed by the Commission and the petitioners on July 21, ?006. In the interest of consel~~ing time, the petition is being submitted to the Commission for its consideration at this time. The petitioners intend to submit additional information prior to the Common Cowlcil meeting to consider their confirming resolution. At that time final points will be awarded and the length of the abatement tei7n set. For purposes of the Redevelopment Commission we are estimating the term at nine years to allow for adjustment up to the full amount they have requested. Anything less will result in a South Bend Redevelopment Commission Regular Meeting-June 5, 2009 6. NEW BUSINESS (CONT.) A. Tax Abatements (1) continued... reduction in the amount of tax revenue abated. Assuming arsine-year abatement tei7n is approved, the total taxes to be abated during that tei7n are estimated to be X635,240. Total taxes to be paid during the nine-year term are estimated at $723,671. For comparison purposes, if the tei711 became three years, total taxes to be abated are estimated at $268,416. Total taxes to be paid over a three-year term are estimated at $184,554. There are no estimates regarding creation of new or existing, peilnanent, full or part-time jobs regardin~~ the building due to the speculative natw-e of the project. 1. Neither Waggoner Farm nor Ontario Partners has received a previous tax abatement. The Huron Building received a nine-year real property tax abatement on August 14, 2006. Holladay Properties, developer for the Ontario and Huron Buildings, has received previous tax abatements through various limited partnerships and limited liability corporations. 2. The property is properly zoned for the proposed project. 3. The property is located in the Airport Economic Development Area. ~~~hich is a Tax Increment Allocation Area; therefore, the petition for real property tax abatement must 6 South Bend Redevelopment Commission Regular Meeting -.lane 5, 2009 6. NEW BUSINESS (CONT.) A. Tax Abatements (1) continued... fast be approved by the South Bend Redevelopment Commission. 4. A review of the Tax Abatement Ordinance finds that the petitioner can meet the qualifications for up to a nine-year real property tax abatement. Mr. John Phair noted that the Ontario building will be of similar style as the Huron Building and 8,000 sft lvger. A start date for construction has not been determined. They are negotiating with potential tenants. The financing environment is much tighter and requires some preleasing. As soon as Ontario Partners can secure some leases and financing, they will move ahead. They need tax abatement to be competitive in today's leasing environment. Mr. Varner noted that except in the tiist year of the project when taxes are 100% abated, even abated projects pay more in taxes than a vacant piece of property. Upon a motion by Ms. King, seconded by Mr. Varner and unanimously can•ied, the Commission approved Resolution No. ?588 approving an application for real property tax deduction for property known as Lot ? in the Portage Prairie area of the Airport Economic Development Area. (Waggoner Fa17n Development LP/Ontario Partners) COMMISSION APPROVED RESOLUTION NO. 2588 APPROVING AN APPLICATION FOR REAL PROPERTI' TAX DEDUCTION FOR PROPERTI' KNOV/N AS LOT 2 IN THE PORTAGE PRAIRIE AREA OF THE AIRPORT ECONOMIC DEVELOPMENT AREA. (WAGGONER FARM DEVELOPMENT LP'ONTARIO PARTNERS) 7 South Bend Redevelopment Commission Regular Meeting -June 5, 2009 6. NEW BUSINESS (CONT.) Mr. Inks asked permission to consider item 6.C.(1) out of order and at this point in the meeting. There was no objection and the item was so moved. C. Airport Economic Development Area (1) Staff report on adding properties to the Acquisition List (E. Sample, 914 S. Lafayette, 400 blk W. Indiana) Mr. Inks noted that in the past staff would simply bring a declaratory resolution to the Commission to add properties to an acquisition list. Staff would like to institute some preliminary actions prior to taking that step. We would like to ask the Commission's permission to study the potential for acquiring the properties, including ordering appraisals, or estimates of acquisition costs, and survey and title work to get a truer financial picture prior to adding property to the acquisition list; then staff would bring the results of the study to the Commission with a recommendation about adding the property to the acquisition list. With the Commission's authorization, based on the study, staff would then prepare a resolution to add the property to the acquisition list. Mr. Gibney gave the report on the properties staff recommends adding to the acquisition list of the AEDA. Under the new statutory requirements that took effect in .Iuly 2008, the Commission must, through a deliberate action, direct staff to prepare the appropriate documentation to amend a development plan. h1 the case of an amendment to the resolution or plan for an South Bend Redevelopment Conuuission Regular Meeting -.Lune 5, ?009 6. NEW BUSINESS (CONT.) C. Airport Economic Development Area (1) continued... existing redevelopment project area, the Commission must dete~-~nine the following: (1) The amendment is reasonable and appropriate when considered in relation to the original resolution or plan and the purposes of this chapter; (2) The resolution or plan, with the proposed amendment, conforms to the comprehensive plan for the unit Upon satisfactory determination of the above two points, the Commission shall cause to be prepared the following data: (A) Maps and plats showing the boundaries of the area in ~~~hich property would be acquired for, or otherwise affected by, the establishment of a redevelopment project area or the amendment of the resolution or plan for an existing area; (B) The location of the various parcels of property, sheets, alleys, and other features affecting the acquisition, clearance, remediation, replatting. replanning, rezoning, or redevelopment of the area; (C) The parts of the area acquired, if any, that are to be devoted to public purposes under the redevelopment plan; (D) Lists of the owners of the parcels of property proposed to be acquired and an estimate of the costs, if any, to be incui---ed 9 South Bend Redevelopment Commission Regular Meeting-June 5, 2009 6. NEVV BUSINESS (CONT.) C. Airport Economic Development Area (1) continued... for the acquisition and redevelopment of property. Staff requests the Commission's direction to develop the appropriate documentation to add the following three specific target areas to the acquisition list for the AEDA: Area 1 (Ivy Tech Campus Expansion Area) This area is in the 200 400 blocks of East Sample Street near the Ivy Tech campus, and on either side of the new Ivy Tech administrative offices. There are four properties which would be acquired and eventually h•ansferred to Ivy Tech for their much needed expansion of classrooms, storage, and parking. This would be a joint effort between the Redevelopment Commission and Ivy Tech, whereby the Redevelopment Commission would purchase and do certain demolition and facade work, and Ivy Tech would do the interior work to make these buildings classroom ready. Area 2 (Ignition Park -Main Campus) This is the Airgas property, 914 S Lafayette, which is a pressw-ized tank tilling facility located to the south of Hamilton Towing, on the east side of Lafayette. Airgas is in the process of moving its business to Elkhart, and this purchase, along with Hamilton Towing, would be of use on the fi•inge of Ignition Park for future development. Area 3 (Ignition Park -South Expansion) This area is north of Indiana Avenue. 10 South Bend Redevelopu~ent Connnission Regular Meeting -tune 5, 2009 6. NEW BUSINESS (CONT.) C. Airport Economic Development Area (1) continued... between Franklin and Taylor Streets. As far back as 1971, Indiana Avenue was identified as the logical southern boundary for the redevelopment of the Studebaker Co;7-idor. In the 1995 Rum Village Neighborhood Action Plan, the area north of Indiana and south of the rail road tracks, between Franklin and Prairie. was identified as "weak residential.'" and it was suggested this area be redeveloped as a business park. The addition of these parcels for acquisition will be a first step in the long overdue redevelopment of this area. With the purchase of the Burton properties (Waste Management) at the end of last year, the Commission already owns more than half of the land mass \vithin this area. The acquisitions within this area would affect eleven property owners, one of v~~hom has ah•eady expressed interest in selling to the Commission. Two others are vacant lots. Staff requests Commission approval to begin the process of adding these three specific target areas to the acquisition list of the AEDA's Development Plan. Upon a motion by Mr. Varner, seconded by Mr. King and unanimously carried, the Commission authorized staff to begin the process of addin~~ properties in the Airport Economic Development Area to the Development Plans Acquisition List. COMMISSION AUTHORIZED STAFF TO BEGIN THE PROCESS OF ADDING PROPERTIES IN THE AIRPORT ECONOMIC DEVELOPMENT AREA TO THE DEVELOPMENT PLAN'S ACQUISITION LIST South Bend Redevelopment Commission Regular Meeting-.lure 5, 2009 6. NEW BUSINESS (CONT.) B. South Bend Central Development Area (1) Staff report on adding properties to the Acquisition List (Coveleski neighborhood) Staff requests the Commissions direction to develop the appropriate documentation to add the following 17 parcels to the acquisition list for the South Bend Central Development Area: a. The Manor at 118 S William (2 parcels) b. Fred•s Transmission at 501 W Western (3 parcels) c. GMS Realty-Toyota Properties in the 300 & 400 blk of Western (10 parcels) d. Schillings Camera Store at 325-329 S. Lafayette (1 parcel) e. Nor Systems Inc. Computer Store at 301 S. Lafayette (1 parcel) The Manor is a former housing and program center o~~~ned by the Madison Center which has been vacant since summer 2008. Originally built as a nursing home, the building has become functionally challenged. It would serve the William Street corridor as a cleared development site to allow for new residential or mixed use development. The Commission has previously removed inconsistent land uses in this corridor by acquiring the former Basic Machine property (William and LaSalle) and the former Gates storage and salvage lot (William and Wayne). The Crnllmission activities involved with this property would include acquisition, demolition. site prep and marketin~~ for redevelopment. Located on the Coveleski Park proposed 12 South Bend Redevelopment Commission Regular Meeting-.lure 5, 2009 6. NEW BUSINESS (CONT.) B. South Bend Central Development Area (1) continued... housing block, the acquisition of the Fred•s Transmission properties would allow for controlled infill development along William and Taylor and allow for control of the development on Western Avenue. The Commission presently owns all but three parcels on this block (excluding the three parcels with this request). The Commission activities involved with this property would include acquisition, demolition, site prep and marketing for redevelopment for both mixed use and mixed scale residential development. The twelve parcels located in the two square block area between William, Western, Lafayette and Wayne include the foi7ner Gates Toyota Sales lot and sales building, the cu17-ent Gates service center, the foi7iler Schillin~~•s Camera store. and the Nor systems~Inc, computer store. The purpose for placing these properties on the acquisition list at this time is twofold. First, the Coveleski Park plan has identified these two blocks for mixed use development and the action to add the properties to the acquisition list would be consistent with the plan. Second, the vacation of the Gates Toyota use from the site, coupled with the vacation of the Sehillin~~"s building, would allow for a large percentage of the area to be acquired in the event that a large foi-~i1at user were to be interested in an urban location. The only other large format site (3.2 acres) is the foi7ner Studebaker Museum block between Lafayette and Main as compared to the 5.8 acre development site that could be 13 South Bend Redevelopment Commission Re;.:ular Meeting -June 5, ?009 6. NEW BUSINESS (CONT.) B. South Bend Central Development Area (1) continued... assembled in this proposed development block. Staff requests the Commission's direction to develop the appropriate documentation to begin the public process to add these 17 parcels to the acquisition list for the South Bend Central Development Area. The majority of the properties proposed for addition to the acquisition list are properties identified within the Coveleski Park plan and the inclusion of The Manor parcels are consistent with the larger redevelopment goals for William Street of removing buildings with inconsistent land uses. The amendment is reasonable and appropriate when considered in relation to the plan and the purposes of the South Bend Central Development Area, and the plan. with the proposed amendment, conforms to the comprehensive plan for the development area. Upon a motion by Mr. Varner. seconded by Mr. King and unanimously can-ied, the Commission authorized staff to begin the process of adding properties in the South Bend Central Development Area to the Development Plan's Acquisition List. (2) Amendment to Proposal for improvements to Voorde Drive from the Bendix/Voorde intersection improvement project to Sheridan. Mr. Inks asked that item 6.C(2) be COMMISSION AUTHORIZED STAFF TO BEGIN THE PROCESS OF ADDING PROPERTIES IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA TO THE DEVELOPMENT PLANS ACQUISITION LIST 14 South Bend Redevelopment Commission Regular Meeting -June 5, ?009 6. NEW BUSINESS (CONT.) B. South Bend Central Development Area (2) continued... withdrawn. Up011 a ITlotlon by Ml'. Val-nel', Seconded by COMMISSION WITHDREW ITEM 6.C(2). Ms. King and unanimously carried, the Commission withdrew item 6.C.(2). (3) Purchase Agreement for Ziolkowski properties. Mr. Relos noted that on May 1 the Redevelopment Commission approved a purchase plan for the Ziolkowski properties which set the purchase and relocation amounts at a total value not to exceed $1,810,800. The properties being purchased include several properties in the block bounded by Sample, Lafayette, Broadway and Franklin. The acquisition will facilitate the Transpo relocation to Ignition Park. The purchase agreement covered all the properties. Todav ~~e're asking to split the purchase agreement into two separate transactions, one purchasing from Ziolkowski Properties LLC and one from B & C Properties LLC, a real estate holding company established by Ziolkowski to hold the new property site, the former PEI Genesis building on Bendix. The total price for the property has not changed. The purchase agreement with Ziolkowski Properties pays X588,780 for everything except the parcel at the southeast corner of Franklin and Sample. The parcel at Franklin and Sample will be transfei-~-ed to B & C 15 South Bend Redevelopment Commission 1Zegular Meeting -June 5, 2009 6. NEW BUSINESS (CONT.) B. South Bend Central Development Area (3) continued... Properties to allow for a mechanism to transfer the remainder of the land acquisition and relocation funds directly to the relocation and purchase of the PEI Genesis property. The purchase agreement with B & C Properties pays $2,000 for the parcel at the southeast coi-~ier of Franklin and Sample and the $320,020 previously directed to the site land value will be added to the relocation value of 5900,000. Staff requests approval of this modification and the new purchase agreements. Upon a motion by Ms. King, seconded by Mr. Varner and unanimously can-ied, the Commission modified the terms of the Purchase Agreement for the Ziolkowski properties and approved a Purchase Agreement with B R C Propel-ties LLC. D. West V1'ashington-Chapin Development Area There was no business in the West Washington- Chapin Development Area. E. South Side Development Area There was no business in the South Side Development Area. F. Northeast Neighborhood Development Area There was no business in the Northeast Neighborhood Development Area. COMMISSION MODIFIED THE TERMS OF THE PURCHASE AGREEMENT FOR THE ZIOLKOWSIU PROPERTIES AND APPROVED A PURCHASE AGREEMENT WITH B c~ C PROPERTIES LLC 16 South Bend Redevelopment Commission Regular Meeting -June 5, 2009 6. NEW BUSINESS (CONT.) G. Douglas Road Economic Development Area There was no business in the Douglas Road Economic Development Area. H. Ratification of Temporary Use Agreement Ms. Jennings noted that Downtown South Bend wishes to facilitate the use of vacant retail space in Redevelopment owned property by downtown businesses that don't have first floor space to participate in the 1'~ Fridays events throughout the summer and fall. Downtown South Bend will manage the use of the space and which businesses use which space. Upon a motion by Mr. Varner, seconded by Ms. King and unanimously calTied, the Commission ratified the Temporary Use Agreement with Downtown South Bend for 1'` Friday events in 2009. Other (1) Proposal from Cro~~'e Horvath to prepare the City of South Bend Tax Increment Financing Neutralization Worksheets. Mr. Inks noted that Crowe Horvath has submitted a proposal to prepare the City of South Bend Tax Increment Financing Neutralization Worksheets, including collecting the necessary data, preparing the worksheets for each TIF area and filing the Y~-orksheets with the Auditor's office. The total cost is not to exceed 520.000 for professional fees and 52,500 for incidental costs related to communication, printing, travel expenses and other similar expenses. CO~4MISSION RATIFIED THE TEMPORARI' USE AGREEMENT WITH DOWNTOWN SOUTH BEND FOR 1~~ FRIDAY' EVENTS IN 2009 17 South Bend Redevelopment Commission Regular Meeting -June 5, ?009 6. NEW BUSINESS (CONT.) I. Other (1) continued... These calculations are necessary every year in which there is a reassessment of all properties. Historically, these calculations were only required once every ten years when a general reassessment was done. However, now these calculations are needed every year, since every year all property values are adjusted for market trending. This calculation adjusts the base assessed value for each TIF area to "neutralize-• the effect of the reassessment. To achieve this neutralization, the base assessed values are adjusted to reflect growth in the county versus the TIF area, and to achieve the amount of tax revenue collected in the prior near plus tax revenue due to new "real ~~rowth-' and tax abatement roll offs. Mr. Inks noted that the Commission has used Crowe for a number of years and find them to be very reliable. Staff recommends approving the proposal. Mr. Vainer asked if the Department of Local Government Finance has its own numbers run and compares them to ours, or simply accepts the numbers we provide. Mr. Inks responded that he is not aware that the DLGF contracts for a separate neutralization accounting. Ms. King suggested that if this is an annual need, we should bid the work out every few years. Mr. Inks agreed. 18 South Bend Redevelopment Crnnmission Regular Meeting -.tune 5, 2009 6. NEW BUSINESS (CONT.) I. Othe-- (1) continued... Upon a motion by Ms. King, seconded by Mr. Varner and unanimously carried, the Commission approved the proposal fi-om Crowe Horwath to prepare the City of South Bend Tax Increment Financing Neutralization Worksheets. 7. PROGRESS REPORTS Ms. Laurent invited Commissioners to a tour of 101 North Michigan, the rehab of the American National Bank building and construction of the adjacent office/residential condo building to take place immediately after today"s meeting. 8. NEXT COMMISSION MEETING The next meeting of the Redevelopment Commission is scheduled for Friday, Jw1e 19, ?009 at 10:00 a.m. 9. ADJOURNMENT There being no further business to come before the Redevelopment Commission, Ms. King made a motion that the meeting be adjourned. Mr. Varner seconded the motion and the meeting was adjourned at 10:50 a.m. Donald E. Inks, Director COMMISSION APPROVED THE PROPOSAL FRO(\4 CROWE NOR~~'ATH TO PREPARE THE CITY OF SOUTH BEND TAX INCREMENT FINANCING NEUTRALIZATION WORKSHEETS PROGRESS REPORTS NEXT COMMISSION MEETING AD.IOURNMENT 19