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Division of Community and Economic Development 1999 Annual Report
REDEVELOPMENT COMMISSION (Continued)
URBAN RENEWAL AREA PROJECTS - Centennial Industrial Park
Background - The Commission funded a $14,500 1998-99 study to enable possible
development of a 45 acre tract north of Centennial Industrial Park Natura} Drain #6 flows through
the area. Because of related stormwater detention issues, the study was required to obtain regulatory
approval from the State prior to any development. The Commission and the Board of Works
committed resources and funds to improve roads within the Park.
Status - The study was completed in late 1999 and forwarded to the Indiana Dept. of Natural
Resources for action. If approved, the Redevelopment Commission may consider amending the
Urban Renewal Area to include the 45 acres and facilitate industrial development as appropriate.
Summit Industrial Park
Summary - The project is targeted at expansion of Summit Industrial Park.
Background - Summit Park Urban Renewal Area was created in 1985. Full construction of
the park was completed in 1986. A l15-acre tract of real estate lies immediately south of Summit
Park and presents an attractive opportunity for inclusion. Both the City and the industrial realty
community have known the need for first-class industrial parks that are ready to market and develop.
Status - Commission staff has met with a local developer to assess amending the Summit
Park Urban Renewal Plan to include this real estate for industrial development. A recommendation
will be made to the Commission in Spring 2000 for Amendment I to the Summit Park VRA.
West Main Street
Summary - The project targets a new bank office building at Main and Calhoun Streets.
Background - Salin Bank was interested in
developing a parking lot at the intersection into its
new main office with drive-through service. The lot
was too small for both the building and its drivethrough.
A strip of land to the west owned by the
110 Corporation was needed. The Commission
helped bring the two parties together. The Commission
procured an appraisal for the eastern 28 feet
of 110 Corporation's real estate. The Commission
succeeded in getting both 110 Corporation and Salin
Bank to accept the appraised value. The Commission
facilitated a three-party agreement by which the
Commission will contribute up to $20,000 in public
improvements to support the new building. streets.
(Courtesy of Salin Bank and MSKTD and Associates,lnc.)
Status - The bank entered into a lease-purchase agreement for the parking lot, acquired the
narrow strip of 110 Corporation's land, and all parties entered into a new three-way agreement.
Construction of the new $1.9 million building is set for the year 2000. ------0----
Page 37
Object Description
| Title | Annual report (1999) |
| Creator | Fort Wayne (Ind.). Community & Economic Development |
| Topic | Economic Development |
| Subject |
Fort Wayne (Ind.). Community & Economic Development--Periodicals City planning--Indiana--Fort Wayne--Periodicals |
| Geographical Coverage | Fort Wayne, Indiana |
| Date of Original | 1999 |
| Time Period | 1900-1999 |
| Source | Print version: Fort Wayne (Ind.). Division of Community & Economic Development. Annual report. 1999 ed. (Fort Wayne, Ind.: Community & Economic Development, 1999, 83 p. |
| Additional Availability | Print version might be available at IPFW Helmke Library. See online catalog. |
| Relation | Continues: Fort Wayne (Ind.). Division of Community Development & Planning. Community development & planning annual report. |
| Rights | Copyright Indiana University-Purdue University Fort Wayne, 2006- . All rights reserved. May not be reproduced without permission. For information regarding reproduction and use see: http://cdm16776.contentdm.oclc.org/cdm/about/collection/p16776coll1/ |
| Date Digitally Created | April 17 2012 |
| Digital Publisher | Walter E. Helmke Library, Indiana University-Purdue University Fort Wayne |
| Digitization Specifications | This pdf file was derived from black and white 400 dpi, 1-bit and grayscale 300 dpi, 8-bit uncompressed TIFF images that were scanned from the originals using a Fujitsu 5750C scanner with Adobe Acrobat 9.0 Professional scanning software. |
| Content Type | Text |
| Digital Format | text/pdf |
| Collection | Fort Wayne Area Government Information |
| Identifier | 30000122013620 |
| File Name | 30000122013620.pdf |
Description
| Title | Page 39 |
| Transcript | Division of Community and Economic Development 1999 Annual Report REDEVELOPMENT COMMISSION (Continued) URBAN RENEWAL AREA PROJECTS - Centennial Industrial Park Background - The Commission funded a $14,500 1998-99 study to enable possible development of a 45 acre tract north of Centennial Industrial Park Natura} Drain #6 flows through the area. Because of related stormwater detention issues, the study was required to obtain regulatory approval from the State prior to any development. The Commission and the Board of Works committed resources and funds to improve roads within the Park. Status - The study was completed in late 1999 and forwarded to the Indiana Dept. of Natural Resources for action. If approved, the Redevelopment Commission may consider amending the Urban Renewal Area to include the 45 acres and facilitate industrial development as appropriate. Summit Industrial Park Summary - The project is targeted at expansion of Summit Industrial Park. Background - Summit Park Urban Renewal Area was created in 1985. Full construction of the park was completed in 1986. A l15-acre tract of real estate lies immediately south of Summit Park and presents an attractive opportunity for inclusion. Both the City and the industrial realty community have known the need for first-class industrial parks that are ready to market and develop. Status - Commission staff has met with a local developer to assess amending the Summit Park Urban Renewal Plan to include this real estate for industrial development. A recommendation will be made to the Commission in Spring 2000 for Amendment I to the Summit Park VRA. West Main Street Summary - The project targets a new bank office building at Main and Calhoun Streets. Background - Salin Bank was interested in developing a parking lot at the intersection into its new main office with drive-through service. The lot was too small for both the building and its drivethrough. A strip of land to the west owned by the 110 Corporation was needed. The Commission helped bring the two parties together. The Commission procured an appraisal for the eastern 28 feet of 110 Corporation's real estate. The Commission succeeded in getting both 110 Corporation and Salin Bank to accept the appraised value. The Commission facilitated a three-party agreement by which the Commission will contribute up to $20,000 in public improvements to support the new building. streets. (Courtesy of Salin Bank and MSKTD and Associates,lnc.) Status - The bank entered into a lease-purchase agreement for the parking lot, acquired the narrow strip of 110 Corporation's land, and all parties entered into a new three-way agreement. Construction of the new $1.9 million building is set for the year 2000. ------0---- Page 37 |
