05-28-02 Community & Economic Development

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• • Community and Economic Development Committee May 28, 2002 Page 2 Council Member King then called for a presentation on Bill No. 02-47 which is a proposed resolution requesting the City of South Bend Advisory Commission approve a Community Revitalization&Enhancement District(CREED). Ann Kolata made the presentation. She provided a memorandum dated August 22, 2001 (copy attached) which provided background information on the CREED District addressing procedures, taxes collected,definitions,acquisition and disposition of property,and the base period. During Ms. Kolata's presentation she noted that Section II of the proposed resolution is incorrect since it is including language from Bloomington. She stated that she had approved the form of resolution before it was filed,but that it would have to be amended. The Council Attorney requested reference to the filing of committee minutes with the City Clerk's office as well as their membership. Council Member King suggested that the resolution be properly amended by the Administration and heard at the June 10th meeting. Following discussion, Ms. Kolata requested that Bill No. 29-02 be continued until the Council meeting of June 10, 2002. Dr. Varner inquired if the tax levied in a TIF District is part of the frozen levy. Ms. Kolata stated that it is within the frozen levy if they would choose to levy a tax. Bonds would be addressed by the Redevelopment Commission thru a bond. She further noted that a GO bond would be outside of the City's levy. GO bonds may be used as a back-up, but never have been used this way. Ms. Kolata then requested that both Bill No. 02-47 and Bill No. 29-02 be continued until the June 10, 2002 meeting so that she could address then in one Council meeting. Council Member Ujdak made a motion, seconded by Council Member Kirsits that Bill Nos. 02-47 and 29-02 be continued until June 10,2002. The motion passed. Under miscellaneous business, Council Member King noted that the petitioner for Bill No. 02-42 addressing a ten(10) year real property tax abatement request for the property located at 237 North Michigan requested for LaSalle Property Management, Co.,Inc. Mr. Beitzinger then updated the Committee on this item. He noted that he had been in contact with the Petitioner who advised him that the project is being modified and will be delayed. After that discussion, the Petitioner requested that their application for abatement consideration be withdrawn. Following discussion, Council Member King requested the Council Attorney to prepare a resolution which would rescind the declaratory resolution adopted earlier by the Council on this matter. The Council Attorney noted that the proposed confirmatory resolution on this project should be struck at this evening's Council meeting, at the request of the Petitioner.