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REGULAR MEETING OCTOBER 14, 2013 <br /> <br /> <br /> <br /> <br />Councilmember Schey: I think it was the CAFR report, but you know I guess I would appreciate <br />much like Councilmember Henry Davis just expressed, I would appreciate the opportunity to <br />give this a further hearing on October 28, 2013 and schedule a Community Investment <br />Committee Meeting between now and then. Mr. Surak had said that he would be willing to do <br />apparently with Councilmember Davis; Mr. Surak had said that he would be agreeable to that. <br /> <br />Nick Surak: I don’t believe I said that actually. <br /> <br />Councilmember Henry Davis Jr.: You implied it and so. <br /> <br />Council President Dieter asked Councilmember Schey if she had any further questions. <br /> <br />Councilmember Schey well, I will just say that I will close with the City of South Bend certainly <br />has two significant Community Development Corporations that we work with to improve the <br />physical, social and economic conditions of our city’s neighborhoods, the South Bend Heritage <br />Foundation is one, the Near Northwest Neighborhood is another, these are both not-for-profit <br />501c3 organizations that are funded in large part through the support of the Federal Community <br />Development Block Grant Money that the City of South Bend receives from HUD because of <br />our entitlement status. The City of South Bend is considered an entitlement city because of the <br />large number of residents living at or below the poverty level in our City. The reason we just <br /> <br />Council President Dieter: excuse me if you have questions, we can come back to the Council. <br />These are questions for the petitioner now. If you want to make a statement later. <br /> <br />Councilmember Schey: I would like to finish my statement. <br /> <br />Council President Dieter: No, you have to ask a question, you’re making a comment on this. If <br />you have a question fine. <br /> <br />Councilmember Schey: Then I will continue my statement when given the opportunity. <br /> <br />Councilmember Dr. Fred Ferlic: Thank You, no comment. <br /> <br />Councilmember Dr. Varner: The only thing I want to clarify is that the credit is going to the <br />right group. <br /> <br />Council Attorney Kathleen Cekanski-Farrand: Again, we are not dealing with the credits this <br />evening; we are dealing with the tax abatement. <br /> <br />Councilmember Dr. Varner, I’m sorry I misspoke. It’s the right entity. <br /> <br />Council Attorney Kathleen Cekanski-Farrand: Correct, Community Investment did make a <br />review of all the documents as did the Council and the Legal Department. <br /> <br />Councilmember Oliver Davis: You all spoke about a 4%. Is that in a written commitment or is <br />that something that you just shared or where is that 4%. <br /> <br />Nick Surak: That would be part of the tax credit application, if we make that commitment that is <br />a box that we would be checking there and that would be enforced by ICDA. <br /> <br />Councilmember Oliver Davis: You said if you would be making that commitment or are you <br />going to make that commitment. <br /> <br />Nick Surak: Yes, I will make that commitment and we can put that in there. It’s 4% MBE, <br />WBE or VBE, as sub-contractors or suppliers. <br /> <br />Councilmember Oliver Davis: Will there be any need for them make a Memorandum of <br />Understanding, what were you talking about. <br /> <br />19 <br /> <br /> <br />