HomeMy WebLinkAbout06-05-09 Redevelopment Commission Minutes
SOUTH BEND REDEVELOPMENT COMMISSION
REGULAR MEETING
June 5, 2009
10:00 a.m. 227 West Jefferson Boulevard
Presiding: Marcia I. Jones, President South Bend, Indiana
1. ROLL CALL
Members Present: Ms. Marcia Jones, President
Dr. David Varner, Vice President
Ms. Nancy King, Secretary
Ms. Stephanie Spivey
Members Absent: Mr. Greg Downes
Mr. Donald Alford
Legal Counsel: 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. Tom Price, Mayor’s Office
Dr. Virginia Calvin, Ivy Tech Community College
Mr. Bob Placek, Ivy Tech Community College
Ms. Barbara Duncanson, Ivy Tech Community College
Ms. Moe Miller, Charles Hayes Communications
Mr. John Phair, Holladay Corporation
Mr. Paul Phair, Holladay Corporation
Ms. Rita Kopala
Ms. GlendaRae Hernandez
Ms. Marty Wolfson, Community Forum for Economic Dev
2. APPROVAL OF MINUTES
A. Approval of Minutes of the Regular Meeting of
Friday, May 15, 2009.
CM
Upon a motion by Mr. Varner, seconded by Ms.
OMMISSION APPROVED THE INUTES OF THE
RMF,M15,2009
EGULAR EETING OF RIDAY AY
King and unanimously carried, the Commission
approved the Minutes of the Regular Meeting of
Friday, May 15, 2009.
South Bend Redevelopment Commission
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. 7,998.62 101 N Michigan Exterior
324 AIRPORT AEDA
Concrete & Asphalt Recycling, LLC. 7,226.70 LaSalle Square Lot
Indiana Michigan Power 20.61 420 S. William St.
Baker & Daniels 1,080.00
South Bend Parks Recreation Dept. 2,824.00 Lawn Maintenance
Wightman Petrie 44,167.50 Phase II Environmentals
Indiana Michigan Power 149.02 1010 N Bendix Dr.
Indiana Michigan Power 7.00 501 Wenger St.
DHA 13,770.00 Survey Work
DHA 1,672.00 Survey Work
The Blue Waters Group 12,315.70 MIND Project Area
Meridian Title Corp 556,972.45 Ziolkowski Properties
420 FUND TIF DISTRICT-SBCDA GENERAL
South Bend Parks Recreation Dept. 452.00 Lawn Maintenance
Rose Pest Solution 93.00 LaSalle Hotel Pest Control
225 S. Main St Parking Lot /
Ampco System Parking 2,302.54 121 S. St. Joseph Surface Lot
118 S. William St. (The
Wightman Petrie 1,205.00 Manor)
Sign Designs 685.00 Colfax Landing Site Sign
422 TIF DISTRICT WEST WASHINGTON
South Bend Parks Recreation Dept. 92.00 Lawn Maintenance
Meridian Title Crop 100.00 1045 W. Washington St.
R.E. Pitts & Associates, Inc. 3,350.00 Appraisal Services
Jerome E. Michaels, MAI 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 Impact 51,924.00 Job Training Services
$ 712,351.14
2
South Bend Redevelopment Commission
Regular Meeting –June 5, 2009
3. APPROVAL OF CLAIMS (CONT.)
CC
Upon a motion by Ms. King, seconded by Mr. Varner
OMMISSION APPROVED THE LAIMS
J5,2009,
SUBMITTED UNE AND ORDERED THE
and unanimously carried, the Commission approved the
CHECKS TO BE RELEASED
Claims submitted June 5, 2009, and ordered checks to
be released.
4. COMMUNICATIONS
(1) Communication from Joseph Tillman,
Progressive Urban Industries
To: Marcia Jones
Redevelopment Commission President
To whom it may concern,
I wish to take great exception to your response to
my letter of 5-11-09. You state that the city’s
administration of HUD-funded projects does not
fall under the supervision of the Redevelopment
Commission I believe this assertion to be incorrect
based on the following facts:
1. On the Redevelopment Commission web site it
is stated that the Commission is charged with the
responsibility of examining areas of the city that
are blighted and in need of development.
Generally, these types of funds are HUD funds,
which are subject to the provisions of section 3.
2. Under IC 36-7-14-22.2 whenever property is
granted or sold to the Urban Enterprise
Association that, among other responsibilities, if
the property is demolished or rehabbed the
provisions of CFR 135.1 be enforced.
I am astounded by your efforts to pass this
responsibility on. You should know full well that
the Redevelopment Commission is accountable for
enforcing the law. Please stop passing the buck
concerning your responsibilities and inform the
3
South Bend Redevelopment Commission
Regular Meeting –June 5, 2009
4. COMMUNICATIONS (CONT.)
1. continued…
public of your past, present and future efforts to
comply with the law.
Respectfully,
Joseph Tillman
Progressive Urban Industries
CLC
Mr. Inks noted that staff does not believe the Code
OMMISSIONERS DIRECTED EGAL OUNSEL TO
M.T’
STUDY THE MATTER R ILLMANS LETTER
of Federal Regulations applies to the Commission,
M.T
RAISES AND DRAFT A REPLY TO R ILLMAN
but we believe it is appropriate to refer his letter to
legal counsel and let 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
TOB
There was no Old Business.
HERE WAS NO LD USINESS
6. NEW BUSINESS
A. Tax Abatements
(1) Resolution No. 2588 approving an
application for real property tax deduction
for property known as Lot 2 in the
Portage Prairie area of the Airport
Economic Development Area. (Ontario
Partners)
Mr. Mathia gave the report on the project.
Ontario Partners intends to construct a
$5,000,000 development known 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
4
South Bend Redevelopment Commission
Regular Meeting –June 5, 2009
6. NEW BUSINESS (CONT.)
A. Tax Abatements
(1) 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 currently 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 information to support the tax
abatement petition. The information
provided to date can only support a base
abatement of three years. The petitioners are
requesting a nine-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, 2006. In the
interest of conserving 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 Council meeting to consider
their confirming resolution. At that time
final points will be awarded and the length of
the abatement term 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
5
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 a nine-year abatement term is
approved, the total taxes to be abated during
that term are estimated to be $635,240. Total
taxes to be paid during the nine-year term are
estimated at $723,671. For comparison
purposes, if the term 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, permanent, full or part-time
jobs regarding the building due to the
speculative nature 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, which is a Tax
Increment Allocation Area; therefore, the
petition for real property tax abatement must
6
South Bend Redevelopment Commission
Regular Meeting –June 5, 2009
6. NEW BUSINESS (CONT.)
A. Tax Abatements
(1) continued…
first 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 larger. 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 first year
of the project when taxes are 100% abated,
even abated projects pay more in taxes than a
vacant piece of property.
CRN.2588
Upon a motion by Ms. King, seconded by
OMMISSION APPROVED ESOLUTION O
APPROVING AN APPLICATION FOR REAL
Mr. Varner and unanimously carried, the
PROPERTY TAX DEDUCTION FOR PROPERTY
Commission approved Resolution No. 2588
L2PP
KNOWN AS OT IN THE ORTAGE RAIRIE
approving an application for real property tax
AE
AREA OF THE IRPORT CONOMIC
deduction for property known as Lot 2 in the
DA.(WF
EVELOPMENT REA AGGONER ARM
DLP/OP)
Portage Prairie area of the Airport Economic
EVELOPMENT NTARIO ARTNERS
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 July 2008, the Commission
must, through a deliberate action, direct staff
to prepare the appropriate documentation to
amend a development plan. In the case of an
amendment to the resolution or plan for an
8
South Bend Redevelopment Commission
Regular Meeting –June 5, 2009
6. NEW BUSINESS (CONT.)
C. Airport Economic Development Area
(1) continued…
existing redevelopment project area, the
Commission must determine 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 which 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, streets, 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 incurred
9
South Bend Redevelopment Commission
Regular Meeting –June 5, 2009
6. NEW 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 transferred 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 pressurized tank filling 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 fringe of
Ignition Park for future development.
Area 3 (Ignition Park – South Expansion)
This area is north of Indiana Avenue,
10
South Bend Redevelopment Commission
Regular Meeting –June 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 Corridor. 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 within this area. The
acquisitions within this area would affect
eleven property owners, one of whom has
already 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.
C
Upon a motion by Mr. Varner, seconded by
OMMISSION AUTHORIZED STAFF TO BEGIN THE
PROCESS OF ADDING PROPERTIES IN THE
Mr. King and unanimously carried, the
AEDA
IRPORT CONOMIC EVELOPMENT REA TO
Commission authorized staff to begin the
DP’AL
THE EVELOPMENT LANS CQUISITION IST
process of adding properties in the Airport
Economic Development Area to the
Development Plan’s Acquisition List.
11
South Bend Redevelopment Commission
Regular Meeting –June 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 Commission’s 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 owned 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 Commission activities
involved with this property would include
acquisition, demolition, site prep and
marketing for redevelopment.
Located on the Coveleski Park proposed
12
South Bend Redevelopment Commission
Regular Meeting –June 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 former
Gates Toyota Sales lot and sales building, the
current Gates service center, the former
Schilling’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 Schilling’s building, would allow for a
large percentage of the area to be acquired in
the event that a large format user were to be
interested in an urban location. The only
other large format site (3.2 acres) is the
former Studebaker Museum block between
Lafayette and Main as compared to the 5.8
acre development site that could be
13
South Bend Redevelopment Commission
Regular Meeting –June 5, 2009
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.
C
Upon a motion by Mr. Varner, seconded by
OMMISSION AUTHORIZED STAFF TO BEGIN THE
S
PROCESS OF ADDING PROPERTIES IN THE OUTH
Mr. King and unanimously carried, the
BCDA
END ENTRAL EVELOPMENT REA TO THE
Commission authorized staff to begin the
DP’AL
EVELOPMENT LANS CQUISITION IST
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
14
South Bend Redevelopment Commission
Regular Meeting –June 5, 2009
6. NEW BUSINESS (CONT.)
B. South Bend Central Development Area
(2) continued…
withdrawn.
C6.C.(2).
Upon a motion by Mr. Varner, seconded by
OMMISSION WITHDREW ITEM
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.
Today we’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 $588,780 for everything
except the parcel at the southeast corner of
Franklin and Sample. The parcel at Franklin
and Sample will be transferred to B & C
15
South Bend Redevelopment Commission
Regular 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 corner of Franklin and Sample and
the $320,020 previously directed to the site
land value will be added to the relocation
value of $900,000. Staff requests approval of
this modification and the new purchase
agreements.
C
Upon a motion by Ms. King, seconded by
OMMISSION MODIFIED THE TERMS OF THE
PAZ
URCHASE GREEMENT FOR THE IOLKOWSKI
Mr. Varner and unanimously carried, the
P
PROPERTIES AND APPROVED A URCHASE
Commission modified the terms of the
AB&CPLLC
GREEMENT WITH ROPERTIES
Purchase Agreement for the Ziolkowski
properties and approved a Purchase
Agreement with B & C Properties LLC.
D. West Washington-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.
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
st
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.
CTU
Upon a motion by Mr. Varner, seconded by Ms.
OMMISSION RATIFIED THE EMPORARY SE
ADSB
GREEMENT WITH OWNTOWN OUTH END
King and unanimously carried, the Commission
1F2009
ST
FOR RIDAY EVENTS IN
ratified the Temporary Use Agreement with
st
Downtown South Bend for 1 Friday events in
2009.
I. Other
(1) Proposal from Crowe Horwath to prepare
the City of South Bend Tax Increment
Financing Neutralization Worksheets.
Mr. Inks noted that Crowe Horwath 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
worksheets with the Auditor’s office. The
total cost is not to exceed $20,000 for
professional fees and $2,500 for incidental
costs related to communication, printing,
travel expenses and other similar expenses.
17
South Bend Redevelopment Commission
Regular Meeting –June 5, 2009
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
year plus tax revenue due to new “real
growth” 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. Varner 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 Commission
Regular Meeting –June 5, 2009
6. NEW BUSINESS (CONT.)
I. Other
(1) continued…
C
Upon a motion by Ms. King, seconded by
OMMISSION APPROVED THE PROPOSAL FROM
CHC
ROWE ORWATH TO PREPARE THE ITY OF
Mr. Varner and unanimously carried, the
SBTIF
OUTH END AX NCREMENT INANCING
Commission approved the proposal from
NW
EUTRALIZATION ORKSHEETS
Crowe Horwath to prepare the City of South
Bend Tax Increment Financing
Neutralization Worksheets.
7. PROGRESS REPORTS
PR
Ms. Laurent invited Commissioners to a tour of 101
ROGRESS EPORTS
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
NCM
The next meeting of the Redevelopment Commission is
EXT OMMISSION EETING
scheduled for Friday, June 19, 2009 at 10:00 a.m.
9. ADJOURNMENT
A
There being no further business to come before the
DJOURNMENT
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.
19