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South Bend Redevelopment Commission <br />Regular Meeting –December 28, 2010 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />A. Public Hearing <br /> <br />(1) continued… <br /> <br />st <br />Mr. Inks noted that acquisition of the 1 <br />st <br />Source/Marriott parking garage will retain 1 <br />Source and its corporate offices in the <br />downtown. They employ 595 people in <br />South Bend. It would also retain an upscale <br />hotel at the site. The hotel currently employs <br />100 people. There are also several tenants in <br />the building that would be positively <br />impacted by this project. We estimate that as <br />many as 300 additional jobs would be <br />retained in those tenant offices. The building <br />itself will receive $14M of new investment. <br /> <br />PHRN.2833 <br />Mr. Varner opened the Public Hearing for <br />UBLIC EARING ON ESOLUTION O <br />whoever wished to speak regarding <br />Resolution No. 2833. There was no one who <br />wished to speak. Mr. Varner closed the <br />Public Hearing for whatever action the <br />Commission wished to take. <br /> <br /> <br />(2) Consideration of Resolution No. 2833. <br /> <br />CR.2833 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION NO <br />DP <br />AMENDING THE EVELOPMENT LAN FOR THE <br />Ms. King and unanimously carried, the <br />SBCDA <br />OUTH END ENTRAL EVELOPMENT REA <br />Commission approved Resolution no. 2833 <br />AND ADDING INTERESTS IN ONE OR MORE <br />amending the Development Plan for the <br />LP <br />PARCELS TO THE IST OF ARCELS TO BE <br />South Bend Central Development Area and <br />A <br />CQUIRED <br />adding interests in one or more parcels to the <br />List of Parcels to be Acquired. <br /> <br /> <br /> B. South Bend Central Development Area <br /> <br />(1) Staff report on acquisition of property in <br />the South Bend Central Development <br />st <br />Area. (1 Source/Host Parking Garage) <br /> <br /> 3 <br /> <br />