6E(2) Resolution No. 2688 - Laserfiche WebLink

Home Browse Search

C'' ~" C Z~ ~ • ~ SOUTH BLS;'., O ~'~Q.; ~ ~ j iz~ . ~ \~'~ / Community Economic Development ~~~,~~~a~~ Division of Communit Develo ment ,.`..,__'865 Y p 1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 To: Redevelopment Commission Members D O n Inks , Redevelopment Director From : Jeff V i t t o n ,Community Development Planner S U b j e C t: Agenda Item Request & Staff Report: Addition to Acquisition List - AEDA 921 N. Bendix Date: May 1R. 2010 The attached resolution seeks to add a portion of 921 N. Bendix -property cun-ently owned by Faith Apostolic Temple - to the acquisition list. The purpose of the proposed action is to help support the development of senior housing at LaSalle Square, which the LaSalle Square Area Redevelopment Plan specifically calls for at the site in question. The site is a vacant field between the LaSalle Square Library Branch and commercial properties along Bendix. The Sterling Group, of Mishawaka, in partnership with Memorial Hospital is seeking funds through the Indiana Housing and Community Development Authority (IHCDA) to develop 72 units of rental housing for low and moderate income seniors. The Sterling Group applied for the funding last winter, but due to a very competitive funding cycle they did not receive the necessary funding. The IHCDA ranks potential projects on an objective point system, and distributes the funds to highest scoring applicants in particular set-asides until the funds are exhausted. ICHDA gives additional points to projects that are on land owned by a governmental unit. Therefore, the Redevelopment Commission's acquisition and disposition of the site to the Sterling Group will make the project more competitive for funding in this year applicant pool. Staff requests that the Commission initiate the process to add the property to the acquisition list. Staff s intent is to acquire the property soon after it is added to the acquisition list and begin the disposition process in an expedient manner. If you have any questions, please call me at 289-1066 x 223. What We Do Today Makea A Dl~ference!