Approving the intention of the Mayor, acting through the Department of Redevelopment, to enter into an agreement with the American City Corporation

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RESOLUTION NO. G S09 • 9 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND APPROVING THE INTENTION OF THE MAYOR, ACTING THROUGH THE DEPARTMENT OF REDEVELOPMENT, TO ENTER INTO AN AGREEMENT WITH THE AMERICAN CITY CORPORATION FOR THE PURPOSE OF PERFORMING A MARKET STUDY IN CONJUNCTION WITH THE CENTURY MALL PROJECT WHEREAS, the Common Council of the City of South Bend recognizes the importance of achieving the highest and best use of land located within the Central Business District; and, WHEREAS, the Common Council has previously articulated its support of an urban renewal project known locally as "Century Mall;" and, WHEREAS, the Common Council recognizes and agrees there exists a need to perform a market analysis in connection with the Century Mall Project. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend that: SECTION I. The intention of the Mayor, acting through the Department of Redevelopment, to enter into an agreement with the American City Corporation for the purpose of performing a market study in connection with the Century Mall Project is hereby approved. SECTION II. The intention of the St. Joseph Bank and Trust Company to fund one -half of the cost of the market study is hereby recognized and commended as this action represents yet another example of the formation of a creative public sector /private sector partnership which will greatly benefit the citizens of our community. SECTION III. This from and after its passage by Mayor. PRESENTED /) -C. - �),R NOT APPROVED ADOPTED , / - & - > f/ resolution shall be in full force and effect the Common Council and its approval by the 6 � - Z- -P" Lit� a-e� Member o6rthe Common Council RI signed only to provide an opportunity _ _ lic �__ ,ion and Council acticn on the issue. FILED IN CLERY S OFFICE NOv 11978 Irene Gammo, CITY CLERK, SOUTH MEND, ENO.