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South Bend Redevelopment Commission Regular Meeting – November 10, 2022 <br />Commissioner Wax clarified that these ideas are not set just ideas for somebody <br />assuming they meet zoning requirements. He appreciates the great project ideas. <br /> <br />Mr. Corcoran states that is correct. These principles are usually urban design <br />principles. Questions such as how does the site get loaded, where do the trucks <br />go? Where do the cars go, is there a parking lot? Should the building be closer to <br />the street or further back? Or in the case of the Birdsell mansion, just to the south <br />of it, we wanted one of the side s that normally you would not have thought about <br />being nice to be developed much nicer. In the future you could potentially see a <br />little place developing around there. But there are hundreds of ways that the sites <br />could be developed. <br /> <br />Secretary Warner commented that this is a great idea. A database of city <br />properties for sale and marketing the properties and providing potential investment <br />opportunities shows that the city is an interested partner. This is a great proactive <br />step. <br /> <br />Mr. Corcoran stated that some of these are great sites; this is a way to gain <br />interest in the properties and see what comes of it. <br /> <br />Secretary Warner stated that developers like projects that get put on their radar. <br /> <br />Councilmember Rachel Tomas Morgan @ 114 Chapin Street commented that she <br />is excited about the development of the RFP and thanked Community Investment <br />for pushing these properties. They have remained vacant for decades. Providing <br />RFP’s and seeing what developers are interested in and what the market looks <br />like is a real positive step forward for our city. <br /> <br />Upon a motion by Secretary Warner, seconded by Commissioner Sallie, the <br />motion carried unanimously, the Commission approved Resolution No. 3562 <br />(Scatter Site RFP RWDA & WWDA) submitted on Thursday, November 10, <br />2022. <br /> <br />3. Resolution No. 3563 (South Bend RDC Additional Appropriation Resolution) <br />Mr. Bauer presented Resolution No. 3563 (South Bend RDC Additional <br />Appropriation Resolution). This is an additional appropriation coming before you <br />related to a previous resolution about the issuance of an economic development <br />loan through the EDC statute and this request would just appropriate the $2.7M <br />out of River West TIF district to be used to fund that loan. The loan was approved <br />through the Economic Development Commission yesterday. The next step is for it <br />to go before the Common Council for their approval or for their consideration. <br />There is one item to note, the Commissions previous resolution allowed us to <br />negotiate through the terms of the loan agreement and have final terms. The only <br />change was a clarification in the loan agreement; that the $15.4M was definitively <br />conditional. In private investment was conditional for the forgiveness. There was a <br />lack of clarity in the original agreement we shared with you and that language has <br />been tightened up. This was the only significant change in the loan agreement <br />from the previous meeting. <br />