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REGULAR MEETING JUNE 26, 2017 <br /> elevator, for example, we didn't anticipate that that was going to need to be replaced. We <br /> thought, last year about this time when we were budgeting, that we had enough money to repair a <br /> couple of the small mechanical items in there. It turned out the whole elevator needed to be <br /> overhauled. So, we didn't anticipate that. Same thing with the marquee. Mr. Perri explained that <br /> they did not anticipate that the video board used in the marquee was no longer being <br /> manufactured. He stated, So, these things got bumped up in the priority list. The particular fund <br /> that we are requesting use from is generated by a dollar ($1)per ticket surcharge, so this is <br /> money that has been sitting in the Morris account for these purposes, in general. But you will see <br /> in our budget process the anticipated five (5) year capital plans for all of our properties. <br /> This being the time heretofore set for the Public Hearing on the above bill, proponents and <br /> opponents were given an opportunity to be heard. <br /> Those from the public wishing to speak in favor of this bill: <br /> Lisa DeBerry, 505 Kenmore Street, South Bend, IN, stated that she is in favor of the bill but she, <br /> as well as other members of the Financial Committee, would like to see the bill postponed until <br /> there is more information regarding how the "100 Houses, 500 Families" marketing study will be <br /> performed. <br /> Marty Wolfson, 809 Park Avenue, South Bend, IN, stated, I would just like to reemphasize some <br /> of the comments that were made this afternoon about getting clarification in working with the <br /> City to understand how much is this going to cost and who is going to do it, but what would be <br /> the parameters of this study? What is going to be investigated? I think it is very crucial to work <br /> closely not only with the 2nd District representative, which would be essential, and not only with <br /> the members of the committee who are interested in this, but also the people who are involved in <br /> exciting community project to create one-hundred 100 homes for five-hundred 500 <br /> this very e g ty p � ( ) ( ) <br /> families. Mr. Wolfson cited a 2013 study of the downtown housing market, which investigated <br /> interest in apartments and homes from people who made over $50,000 a year, emphasizing that <br /> this current study's methodology needed to be clarified by those conducting it. <br /> Anne Mannix, 724 West Washington Street, South Bend, IN, stated, I have been working on the <br /> 100 Houses, 500 Families initiative, and I don't have any big issues about the market study, but <br /> we do have a lot of citizen involvement and we have about forty (40)volunteers working on this. <br /> It's not your usual thing where the City kind of does it and everybody says, "Okay." So, if we <br /> can postpone it, it will give us a little time to work it through all of our committees, and we <br /> would also like to come and talk to the Councilmembers that are interested so we can share our <br /> map in the impact districts. We are very grateful for the City support. <br /> There were none from the public wishing to speak in opposition to this bill. <br /> Councilmember Williams-Preston stated, I know that this bill is really about a lot of different <br /> allocations and, given that this particular one out of the Department of Community Investment is <br /> particularly related to a project that was originated within the community, I think it's very <br /> important that, every step of the way, we are working with the community in making decisions. <br /> Councilmember Williams-Preston stated that she would make a motion to pull this item from the <br /> bill so as to consider it at a later date. <br /> Councilmember Broden asked Mr. Murphy, How would that impact the balance of the request if <br /> we were to single that out? Is that a two (2) week process, or is it a four (4) week process? <br /> Mr. Murphy responded, I think there are different options, but I think what Councilmember <br /> Preston was talking about is that the remaining part of the bill would be passed tonight and that <br /> this part would be considered in two (2) weeks. <br /> Councilmember Broden asked, So it can be considered in two (2) weeks? We don't have to wait <br /> for four (4)? <br /> Mr. Murphy responded, Well, I guess I'm not sure about that. But I think the balance of the bill <br /> could be passed tonight. <br /> 10 <br />