01-22-01 Community & Economic Development

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tommitt* #aorta Qtommunit3 atO &mimic adtloVmtnt (ommittoz The January 22, 2001 meeting of the Community and Economic Development Committee was called to order by its Vice-Chairperson, Council Member Andrew Ujdak at 5:18 p.m. in the Council Informal Meeting room. Persons in attendance included Council Members Aranowski, Pfeifer, Varner, Ujdak, Kirsits, Coleman, and White; Larry Magliozzi, Cassandra Moran, Michael E. Urbanski, Mr. E. Stanley Foster, Pam Meyer, Marco Mariani, Mary Beth Thompson, Khadijah Muhammad, Nancy Sulok of the&Out) 3httiti Eribun*,and Kathleen Cekanski-Farrand, Council Attorney. Council Member Ujdak noted that the first item on the agenda was to review Bill No. 01-7 which would designate various lots on Oak Place, Evergreen Place, Pine Place, Birth Bend Drive, Palm Place, Anjylla, Anjylla East, Anjylla West, Elm Street, and Walnut Run as residentially distressed areas for purposes of a five (5) year residential real property tax abatement for MADCO Residential, LP2. Cassandra Moran of Community & Economic Development reviewed her report dated January 17, 2001. She noted that the petitioner proposes to build seventy (70) 1,568 square foot three-bedroom rental units which will be used as individual homes. The units will be built on 12.35 acres each costing approximately$ 85,000.00. The total projected cost of the project will be 6,000,000.00. The residents of the units will have the right of first refusal to purchase the units $ e S P upon the expiration of the mandatory holdin g period. The report concluded that the petitioner meets the qualifications for a five (5) year residential tax abatement under § 2-77.1 of the South q OY Bend Municipal Code addressing single family real property tax abatement. Mr. E. Stanley Foster, President and General Partner of MADCO Residential LP2 made the presentation. He noted that he is from Burr Ridge, Illinois, and is attempting to provide affordable housing in the area. He stated that the homes will be detached. He is attempting to qualify for points under Indiana Housing Finance and must comply with IRS Rule 99 and 99-46. He noted that he is currently in negotiations in this area. Several Council Members voiced concern over the proposed project, noting that it was there understanding that the homes must be owner-occupied in order to qualify. Cassandra Moran and Mr. Foster noted that they had had several discussions with Mike Beitzinger about the proper designation and that he noted that this would be the first designation of its kind. Concern remained regarding lease/purchase vs. owner-occupied units as well as the type of construction which would be used. Following discussion, Council Member Varner made a motion, seconded by Council Member Kirsits that Bill No. 01-7 be recommended without recommendation. The motion passed. The Committee then reviewed Bill No. 01-8 which is a five (5) year residential real property tax abatement request for Garden Place LLC for various properties on Garden Terrace, Tealwood Lane and Place Drive. Cassandra Moran reviewed her report dated January 17, 2001 (copy attached) which notes that the petitioner plans to construct 39 detached villas of approximately 1,600-1,800 square feet with a full basement. Each will have three (3) bedrooms and two (2) baths for an average value ranging from $ 165,000 to$ 180,000. The report concluded'that the petitioner meets the