05-28-19 Community Investment - Laserfiche WebLink

Home Browse Search

®CITY OF SOUTH BEND I OFFICE OF THE CLERK Amy Varga, 52356 Windermere Court, stated, I'm here representing Centier Bank and I just wanted to speak positively on behalf of the project. We have provided a loan commitment and it's approved. We are targeted to close June 15. We are just finishing up our due diligence and are working through the final items to get to the closing table. We are just looking forward to supporting this. It has to be collaborative effort between the City,the private funding and the RDA to make it all work. We are just trying to figure out who goes first (1St). Of course, everyone's expectations at the beginning were to have a Martin's but, unfortunately, that was out of anyone's control. This is where we are today and how do we resolve it so that we can continue to move forward? But,we are very excited about the project and working with the City. We think it's going to be great for the town and we are targeted to have a closing here very shortly. Committeemember Broden stated, Before you close, please, with regard to the agreement itself, not to go back into it all, but there are some responsibilities of the Redevelopment Commission. I'm sorry, I'm part-time. I would have red-lined this if I could have. I would like to provide this into the record (which is available in the City Clerk's Office), with the Department and Mr. Matthews'as well with just,again,trying to get a sense of where we are at on this overall and make sure the record is very specific with regard to what drove some of our earlier decisions from Redevelopment standpoint and also from Council. There should be enough copies for everybody. There are some questions in there related to reporting requirements, etcetera, that I think are important. When you are working with a development agreement, on both sides, everybody uses that as your base document for the enticing conversation. So, I appreciate the content pursing this addendum that we are going to do. I guess I also want to get some clarity off line as well for the benefit of the Council with regard to other investments that were tucked in. I thought I understood that they were the River Race Flats and the East Bank Flats. You know, bring everybody up to date and how those relate in terms of timing and delivery. Thanks. With no further business, Committee Chair Ferlic adjourned the Community Investment Committee meeting at 4:33 p.m. Respectfully Submitted, Gavin Ferlic, Committee Chair EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 455 County-City Building 227W.Jefferson Bvid South Bend,Indiana 46601 p 574.235.9221 f574.235.9173 TTD574.235.5567 wwwsouthbendin.gov 14