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South Bend Redevelopment Commission <br />Regular Meeting -0ctober 2, 2009 <br />3. APPROVAL OF CLAIMS (CONT.) <br />Upon a motion by Mr. Downes, seconded by Mr. Alford <br />and unanimously carried, the Commission approved the <br />Claims submitted October 2, 2009, and ordered checks <br />to be released. <br />4. COMMUNICATIONS <br />There were no Communications. <br />5. OLD BUSINESS <br />A. Airport Economic Development Area <br />(1) Lease Termination Agreement (SASCO) <br />Mr. Inks noted that since the last meeting <br />several things have occurred. <br />1. Commissioners may have misunderstood <br />his response to a question about when they <br />city last received a payment from SASCO. <br />Mr. Inks responded to what he thought was a <br />question about the Redevelopment Loan <br />payments and said "not since 2001." Mr. <br />Inks later heard that some Commissioners <br />thought his response concerned the Lease. <br />Accordingly, staff has supplied a listing of <br />payments and dates to our Legal Dept. <br />showing all payments due have been <br />received. There is no payment default on the <br />Lease. <br />TCU has submitted a letter exercising the <br />first 5 year renewal option. <br />3. TCU has info>7ned us they have a signed <br />agreement for the sale of the Studebaker <br />Parts Inventory and related assets. <br />COMMISSION APPROVED THE CLAIMS <br />SUBMITTED OCTOBER Z, 2009, AND ORDERED <br />THE CHECKS TO BE RELEASED <br />THERE WERE NO COMMUNICATIONS <br />