01-09-17 Council Minutes - Laserfiche WebLink

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REGULAR MEETING JANUARY 9, 2017 developmental plan. She stressed the importance of working closely with the Administration as well as the neighborhood associations. Councilmember Jo M. Broden stated this should direct or at least inform Council's decisions regarding budget, infrastructure, investments, redevelopment, etc. She stated that she concurred one - hundred percent (100 %) with Councilmember White. Councilmember Davis stated that the proposed bill had been sent out to Community Investment, the Administration, and the Area Plan Commission to make sure that everyone was on the same page. No one from the public wished to speak in favor of or opposition to the bill. Interim Council Attorney Aladean De Rose pointed out a grammatical error in the title of the bill. Councilmember Gavin Ferlic made a motion to amend the title of Bill No. 16 -90 and Councilmember Karen White seconded, which carried by a voice vote of eight (8) ayes. Councilmember Randy Kelly made motion to accept Substitute Bill No. 16 -90 and Councilmember Jo M. Broden seconded, which carried by a roll call vote of eight (8) ayes. 17 -02 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 401 E. COLFAX AVE., SOUTH BEND, IN 46617 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (10) TEN YEAR REAL PROPERTY TAX ABATEMENT FOR COMMERCE CENTER DEVELOPMENT, LLC Councilmember Gavin Ferlic, Chair of the Community Investment Committee, reported that they met this afternoon and send this bill forward with a favorable recommendation. Aaron Kobb, Director of Economic Resources, Department of Community Investment with offices on the 14th Floor of the County -City Building, served as presenter of this bill. Mr. Kobb stated that this was a petition for a ten (10) year real property tax abatement. The petitioner is planning a project of $35,000,000 in total investment of a new mixed -use building and parking garage adjacent to the current Commerce Center site. The project will result in approximately $385,000 in tax revenue over the life of the tax abatement, and after the phase -in of the abatement is complete, the project will generate an approximated $626,000 annually in real estate taxes. Velvet Canada, 401 East Colfax Avenue, South Bend, IN, served as petitioner of the bill. Ms. Canada stated that she was a designer for Matthews, LLC. She explained that the project had gone from a height of twelve (12) stories to a height of nine (9) stories, or one - hundred and seventy (170) feet to one - hundred and twenty -seven (127) feet. More space along the East Race would be given to the public. The parking garage would still accommodate those employed in the offices of the Commerce Center, those residing in the apartment units of the project, and patrons of the grocery store and pharmacy. Councilmember Davis asked, Could you emphasize what it comes down to —the job situation? Ms. Canada responded that there would be eighty -four (84) jobs offered by the project, including those working in the apartments, in the grocery store, and in maintenance of the building through Matthews LLC. Those of the public wishing to speak in favor of the bill: 7