06-12-00 Council Meeting Minutes

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REGULAR MEETING JUNE 12, 2000 Ms. Kolata explained that each of these grant applications is going to the United States Department of Housing and Urban Development applying for funds from two (2) separate pools of funds. Funds are available for brownsfields and for economic development. The grants are being applied for the Oliver Plow Works site in the Studebaker Corridor. Each of these grant applications is for eight hundred thousand dollars ($800,000.00) in order to begin this project which is the acquisition and demolition of the Oliver Plow Works. Negotiations are currently underway to acquire the property. If the eight hundred thousand dollar ($800,000.00) is granted, this money cannot actually be used for the project costs. The rules ofthe program are that they must be used in conjunction with a Section 108 Loan. Should the grants be approved the Department will come back to the Council for a Section 108 Loan for the acquisition, demolition and site preparation in order that this project can move forward. She noted that these grant applications are due June 13, 2000. A Public Hearing was held on the Resolutions at this time. There was no one present wishing to speak to the Council either in favor of or in opposition to these Resolutions. Councilmember Ujdak inquired of Ms. Kolata if she would identify the largest single taxpayer in this tax incremental financing district. She advised that it was the New Energy Ethanol Plant. Councilmember Uj dak further inquired if the question about the assessed value of that property has been resolved. Ms. Kolata explained that when the property was sold several years ago the value of the personal property decreased and the increments in that area decreased correspondingly. However, a repayment schedule has been worked out. Councilmember Aranowski made a motion to adopt Resolution No. 2886 -00. Councilmember Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of seven (7) ayes. Additionally, Councilmember Kelly made a motion to adopt Resolution No. 2887- 00. Councilmember Varner seconded the motion which carried and the Resolution was adopted by a roll call vote of seven (7) ayes. BILL NO. 00-67 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO SUBMIT TO INDIANA DEVELOPMENT FINANCE AUTHORITY AN APPLICATION FOR A BROWNFIELDS REVOLVING LOW - INTEREST LOAN Ms. Ann Kolata, Director, Department ofRedevelopment.1200 County -City Building, South Bend, Indiana, asked that the Council continue this Resolution indefinitely as the City is limited in the amount of money they can borrow from this fund. They are working on another project and they want to see how that impacts the City's ability to borrow from this fund. Therefore, Councilmember Varner made a motion to continue this Resolution indefinitely. Councilmember King seconded the motion which carried by a voice vote of seven (7) ayes. BILLS - FIRST READING BILL NO. 47-00 FIRST READING ON A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, ANNEXING TO AND BRINGING WITHIN THE CITY LIMITS OF SOUTH BEND, INDIANA, CERTAIN LAND IN CENTRE TOWNSHIP CONTIGUOUS THEREWITH; SYLVIA R. HOUSER REVOCABLE TRUST This bill had first reading. Councilmember Varner made a motion to refer this bill to the Zoning and Annexation Committee and set it for Public Hearing on August 28, 2000 and Third Reading on October 9, 2000. Councilmember King seconded the motion which carried by a voice vote of seven (7) ayes.