Tuesday, June 19, 2007

Comin' Down

Demolitions for Harrison Square to begin soon
http://www.fortwayne.com/mld/newssentinel/17387028.htm

"The Fort Wayne Redevelopment Commission, through the city’s department of purchasing, issued a formal request Monday for bids to demolish approximately 50 properties within the boundaries of Harrison Square. "

"The demolitions will be done in five phases and include the removal of all buildings, basements, vegetation and pavement. Phase 1 will consist of Belmont Beverage and Bill’s Palace; Phase 5 should be completed by Oct. 1."

"The commission also approved and ratified the acquisition of almost $7.8 million in residential and commercial property for the project, including $185,000 for two residential properties that haven’t closed."

"At a public hearing prior to the meeting, the commissioners heard from two people in favor of a lease agreement between the Redevelopment Commission and the Fort Wayne Redevelopment Authority regarding a bond that will help finance all aspects of the project except for the condo and retail portions and the hotel. They will be privately funded."

"The bond has a property tax backer as a last possible way to repay the debt, though the city does not anticipate using that method, Leatherman said. The local government finance board will ask the city to show that revenue from the project will make that unnecessary. He said the city is using the property tax backer only to get a lower interest rate."

From the City's website:

BID AND CONTRACT DOCUMENTS
ITB #2678
HARRISON SQUARE
DEMOLITION PROJECT


"There will be a mandatory pre-bid meeting on June 28, 2007 at 9:00 a.m. in the 4th floor Conference Room of the City-County Building.

Bids will be due by 11:00 a.m. on July 6, 2007 in the Purchasing Department Conference Room 350.

Bids will be opened, read aloud, and given to the Redevelopment Commission where they will be discussed by the Commission at a public meeting in Room 810 City-County Building on July 9, 2007. No bids will be accepted after the deadline time and date."

CITY OF FORT WAYNE
STATE OF INDIANA
EXECUTIVE ORDER 90-01

1 comments:

Richard said...

cmljlSo is phase 2 of the overall project happening already since phase 2 of demolition is the site of phase 2 Harrison Square?