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South Bend Redevelopment Commission <br />Regular Meeting -February 16, 2007 <br />6. NEW BUSINESS (CONT.) <br />C. South Bend Central Development Area <br />continue ... <br />Works to direct the restoration work on the <br />exterior on the Commission's behalf. <br />Ms. Greene noted that this has been a <br />somewhat complex project. The <br />Commission is accepting as consideration a <br />facade conservation easement in an historic <br />building. The terms of the Contract for Sale <br />of Land have not been finalized, but Staff <br />desires to move the project along as <br />expeditiously as possible. The Commission <br />is being asked to approve the form of the two <br />agreements with the understanding that final <br />negotiations as to the exact terms are yet to <br />be completed. That will allow the developer <br />to move forward as quickly as possible <br />assuming that the Commission's standard <br />form of agreement is acceptable. However, <br />if there are material changes to the <br />documents, staff would be required to bring <br />the documents back to the Commission for <br />approval of the changes. <br />Upon a motion by Mr. King, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved the form of Contract <br />for Sale of Land for Private Development. <br />(101 N. Michigan St.) and instructed Staff to <br />complete negotiation of the final form of <br />agreement consistent with Developer's <br />proposal which was previously approved by <br />the Commission. <br />COMMISSION APPROVED THE FORM OF <br />CONTRACT FOR SALE OF LAND FOR PRIVATE <br />DEVELOPMENT. (I ~ I N. MICHIGAN ST.) AND <br />INSTRUCTED STAFF TO COMPLETE NEGOTIATION <br />OF THE FINAL FORM OF AGREEMENT CONSISTENT <br />WITH DEVELOPER' S PROPOSAL WHICH WAS <br />PREVIOUSLY APPROVED BY THE COMMISSION. <br />13 <br />