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South Bend Redevelopment Commission <br />Regular Meeting -February 8, 2011 <br />(1) Landlord's Estoppel Certificate <br />(Certificate of Ground Lease terms and <br />tenant's conduct at 100 N. Michigan St.) <br />Mr. Inks noted that the owner of the 1 S` <br />Source Center is seeking financing. As a <br />requirement of that financing the <br />Commission has been asked to sign this <br />document. It does not impinge at all on any <br />of the Commission's rights related to the <br />property. <br />Mr. Meteiver further explained that an <br />Estoppel is a certificate by the Commission <br />that the circumstances that are listed <br />throughout the Commission's Ground Lease <br />are true and correct and we are estopped <br />from denying that any of these circumstances <br />or facts are true if and when the bank has <br />cause to foreclose. <br />Upon a motion by Mr. Downes, seconded by <br />Ms. King and unanimously carried, the <br />Commission approved the Landlord's <br />Estoppel Certificate (Certificate of Ground <br />Lease terms and tenant's conduct at 100 N. <br />Michigan St.) <br />F. Airport Economic Development Area <br />(1) Resolution No. 2840 related to acquisition <br />of property in the Airport Economic <br />Development Area. (Tax sale properties <br />709 W. Indiana and 1527 S. Kemble) <br />Mr. Relos noted that on May 21, 2010, the <br />Commission approved Confirming <br />Resolution No. 2668, which added various <br />properties to the acquisition list of the <br />Airport Economic Development Area. Two <br />of these properties are now up for sale at the <br />COMMISSION APPROVED THE LANDLORD'S <br />ESTOPPEL CERTIFICATE (CERTIFICATE OF <br />GROUND LEASE TERMS AND TENANT'S CONDUCT <br />AT 100 N. MICHIGAN ST.) <br />21 <br />