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South Bend Redevelopment Commission <br />Regular Meeting –February 5, 2010 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />C. Airport Economic Development Area <br /> <br />(3) continued… <br /> <br /> part of the Indianapolis case. <br /> <br />Mr. Leone noted that the amount in this <br />settlement is proportionate to the amounts to <br />be gained from the other insurers, based on <br />the number of years they carried coverage <br />and the amount of coverage. <br /> <br />Mrs. Kolata noted that this settlement <br />specifically states that it only releases Chartis <br />from any further Oliver Plow claims, not <br />from any Studebaker claims. <br /> <br />CC <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED THE ONFIDENTIAL <br />SAR <br />ETTLEMENT GREEMENT AND ELEASE WITH <br />Mr. Alford and unanimously carried, the <br />CI <br />HARTIS NSURERS <br />Commission approved the Confidential <br />Settlement Agreement and Release with <br />Chartis Insurers. <br /> <br /> <br />(4) SASCO Lease Extension Request <br /> <br />Mr. Relos noted that on September 18, 2009, <br />the Commission approved the Lease <br />Termination and Settlement Agreement with <br />Teacher’s Credit Union for the old <br />Studebaker Engineering building at the <br />corner of Franklin and Sample, which houses <br />the Studebaker auto parts collection. <br /> <br />This Agreement called for a termination date <br />of February 14, 2010, to allow for the orderly <br />move of the auto parts collection. This move <br />is going very well, but because of the sheer <br />magnitude of the collection, the purchaser of <br />the auto parts has asked for a one month <br />extension to complete the move. <br /> 23 <br /> <br />