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05-08-07 Redevelopment Commission Minutes
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05-08-07 Redevelopment Commission Minutes
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11/2/2012 11:51:44 AM
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5/8/2007
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05-08-07 Redevelopment Commission Agenda
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\Public\Redevelopment Commission\Agendas & Packets\2007
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South Bend Redevelopmcnt Com.missioll. <br />Rescheduled l e lv� ar Meeting - -May , 2007 <br />6. NEW BUSINESS (CO NT.) <br />D. Sample-Ewing Development Area <br />(4) continued... <br />April 25. An Assignment of Lease was <br />produced at that closing from Norfolk <br />Southern to the Redevelopment Commission <br />of a lease with the city's demolition <br />contractor :For the Stamping Plant, J & L <br />1 anauement. Corporation. They are l as] [10 <br />from Norfolk Southern a 20 ft strip of <br />property to have a construetion trailer and <br />stage some equipment, etc. That lease was <br />e scut d on February 1, �. 06— T ;lies IS ('III <br />assicrnment of that lease from i orf011 <br />Soru[tl eM to the city. It 1s a standard <br />landlord-favorable lease_ Staff reeommei -ids <br />approval. <br />Mr. Leone noted that this is not only an <br />assignment of the lease from Norfolk <br />Southem to the Commission, but also an <br />acceptance by the Commission of the <br />Norfolk Southem obligations. Th.erefore, the <br />original lease should be pail of the <br />Commission's record. As Mr. .Laltr nt said, <br />it is a typical landlord-favorable lease. There <br />are no unusual provisions that cause any <br />problems. <br />Upon a motion by Mr. King, seconded by <br />Mr. 'Downes and unanimously carried, the <br />Com issi.on. approved Me Assignment of <br />Lease with J & L Management Corporation <br />frog.. Norfolk Sonthem Railway in the <br />Sample-Ewing Development Area. <br />33 <br />L :ASS= wrni J& L MANAGEMENT <br />' Or PORA]"JON FRo r NORFOLK SOUTHERN <br />AHW, Y IN `ITIE SA PLE -EWIN G <br />DEV 1;1.0PM N'r AREA <br />
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