RD Commission Notes, March 2011
At the February 28 meeting, you were asked to consider nine (9) bundles of parcels that the Department is proposing for disposal. After meeting with appraisers, we have learned that our time frame was not realistic. We had planned to advertise for Requests for Proposals by the end of March, with proposals to be received at the April 25, 2011 Redevelopment Commission meeting. Appraisals for the nine areas will take approximately four - six weeks, which puts the advertising date closer to the end of April. Therefore, proposals will be received at the May 23 Commission meeting and distributed for review. Decisions regarding the submitted proposals will possibly be determined at the July 25th meeting.
This project includes construction of
The soils work, survey and preliminary plans are 100% complete. The environmental report and final plans are in progress.
The pavement has been removed from the northbound lanes of
DLZ is working on right-of-way acquisition.
DLZ is providing engineering services for the construction of
Appraisals of four parcels for the required right-of-way for this project and construction plans are complete. Acquisition of right-of-way is underway.
New asphalt will be placed and landscape restoration will be completed at Chestnut and Russ Streets this spring.
Bids for Phase II of this project will be opened at the Board of Public Works and Safety on March 29. Work includes earthwork, a three-sided precast concrete structure with a span of 32-feet for Juday Creek, curbs, pavement, driveways, sidewalks, storm sewer structures and pipe, sanitary sewer structures, pipe and water main. The cost of construction is estimated at $1,820,000.
Fir Road Expansion, PH. I (Between the
This project includes reconstruction of approximately .38 miles of
This project consists of improvements to
Lawson-Fisher has developed a grading plan for
Advertise for Property Disposition
The Department has three unbuildable vacant lots that we are requesting permission to advertise for sale:
2023 Lincolnway W Site of substandard vacant house that was sold to the Department for $1
If you approve disposition of these lots, they will be appraised and advertised for sale. Bids will be received at the May 23, 2011 Redevelopment Commission meeting. The Commission will have the opportunity to accept or reject any bids. Neighbors next to all three sites have expressed interest in purchasing the lots.
To supplement the tax credits we were awarded for this project, we are applying to Federal Home Loan Bank for $750,000 in Affordable Housing Program funds. This is a forgivable loan that reduces to a zero balance over the course of 15 years, as long as the project remains affordable. The application will be submitted this week; award announcements will be made in July. The completion of the project is not dependent upon this additional funding. We can use TIF funds for any funding gaps that we may have.
Neighborhood Stabilization Program 3 (NSP3) Grant
As previously mentioned, the Indiana Housing and Community Development Authority awarded the City $1.18 million in NSP3 funds. The money is to be used in our original NSP1 target area to mitigate the impact of foreclosed and abandoned properties. We anticipate receiving the contract from IHCDA within the next few weeks, and we will proceed with acquisition activities as soon as it’s executed.
Habitat for Humanity Builds
Habitat for Humanity has excavated foundations for two new houses in our NSP1 target area:
Summer of Service Program
There are now nine churches interested in working on houses for the Summer of Service program. As of today, we have four qualified participants. The addresses are:
1002 Lincolnway East - owner 66 y.o.; $15,289 (37% AMI)
205 E. LaSalle - owner 70 y.o.; $13,932 (34% AMI)
* HAVE THEM SIGN THE APPLICATIONS *
We are working with the City’s Code Enforcement Department to identify more garages and homes that require exterior repairs to bring them up to code.
Spot Blight Elimination
At the March 8, 2011 Commissioner’s Tax Certificate sale, the Department bid on and won the property located at 1724
Sixth and Wells Streets
The three properties at the northeast corner of Sixth and Wells Streets have been replatted into two lots. The parcels will be deeded to Habitat for Humanity of St. Joseph County; Habitat will construct a two-story home on each lot. Construction will begin on the first home in May 2011.
** HAVE THEM SIGN REPLAT **
FIRST TIME HOMEBUYER PROGRAM
We set a goal of constructing five homes in 2011. Working with Horizon Bank and 1st Source Bank, five applicants have been pre-approved for mortgages. Once third party income verifications are received from employers, we can move forward with lot selection. We could break ground on the first home in April.
A meeting was held today with our participating builders: Place Builders, Jeff Moser Homes and The McCollester Group. It was agreed that homes would be built on our existing lots for $130,000 ($5,000 more than in the past two years). The builders will build on the following lots:
Construction agreements for the above properties are presented for your approval.
We have solicited quotes for a privacy fence for the backyard at
ANYTHING BROUGHT BEFORE THE COMMISSION
Release of Mortgage
The First Time Homebuyer at
After the payoff to 1st Source, as well as closing costs, points conceded to the buyer, realtor commission, 2010 and 2011 property taxes, and other costs, there was no cash out. The balance of her forgivable Redevelopment loan had reduced to $16,510.48. Per Federal regulations, we are required to write-off the balance of the loan and release the mortgage.
The next regular meeting of the Redevelopment Commission will be Monday, April 25th, 2011 at 6:30 p. Respectfully Submitted:
Respectfully submitted: Approved:
(Signature on File) (Signature on File)
(Signature on File)
Lory L. Timmer, Community Development Director