01-23-17 Council Mintues - Laserfiche WebLink

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REGULAR MEETING JANUARY 23, 2017 Councilmember Oliver Davis made a motion to pass Bill No. 01 -17. Councilmember Dr. David Varner seconded the motion, which carried by a roll call vote of eight (8) ayes. 05 -17 THIRD READING ON AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AUTHORIZING THE CITY OF SOUTH BEND, INDIANA TO ISSUE ITS TAXABLE ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 2017 (EDDY ST. PHASE II) IN THE PRINCIPAL AMOUNT NOT TO EXCEED TWENTY -FIVE MILLION DOLLARS ($25,000,000) AND APPROVING OTHER ACTIONS IN RESPECT THERETO Councilmember Gavin Ferlic made a motion to pass Bill No. 05 -17. Councilmember Regina Williams- Preston seconded the motion, which carried by a roll call vote of eight (8) ayes. 06 -17 THIRD READING ON AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, REAFFIRMING ORDINANCE 10461 -16 FOR CUSTOMERS OUTSIDE THE CITY'S CORPORATE BOUNDARY Councilmember Gavin Ferlic made a motion to pass Bill No. 06 -17. Councilmember Dr. David Varner seconded the motion, which carried by a roll call vote of seven (7) ayes and one (1) nay (Councilmember John Voorde). RESOLUTIONS 17 -03 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 401 E. COLFAX AVE., SOUTH BEND, IN 46617 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (10) TEN YEAR REAL PROPERTY TAX ABATEMENT FOR COMMERCE CENTER DEVELOPMENT, LLC Brian Pawlowski, the Department of Community Investment, with offices on the 10 Floor of the County -City Building, served as presenter of this bill. Mr. Pawlowski stated that there have been no changes to this bill. He stated that the plan was still to split the ten (10) year abatement up into a five (5) year period at one - hundred percent (100 %) and the last five (5) year period at ninety -five percent (95 %). Velvet Canada, Matthews LLC, 401 East Coflax Avenue, South Bend, IN, served on behalf of the petitioner. Ms. Canada stated, Nothing has changed. It is the same project. We would just ask for a favorable recommendation from you. Councilmember Jo M. Broden asked, Has the developer yet provided the City, the Redevelopment Commission, or the Council any feasibility studies to substantiate and/or delineate the parking numbers associated with this project, or the residential mix? Mr. Pawlowski stated that there would be one - hundred and forty-four (144) units and that the developer had not submitted any feasibility studies. Councilmember Broden asked, Any condos included in that? Or is it all apartments? 17