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South. Bend Redevelopment Commission <br />Rescheduled Regular Meeting —June 8, 2007 <br />b. NEW BUSINESS (CONT.) <br />C. South Bend Central Development Area <br />1 <br />continued.,.. <br />exceeds three years. It is a more eeonomi.eal <br />way to meet the requirements of the law. <br />Mr. Peczkowski noted that this lease has a <br />three year option to renew. He asked <br />whether the Commission commonly l agrees <br />to renewal options. Mr. Inks responded that <br />it is very common. We are always interested <br />in keeping tenants on a long term basis and <br />providing that optlo .. <br />. pe zkeNws i asked whp.-Aher the cu l-A. <br />rates are locked Ire foir the option years. Mr. <br />Inks responded that the built -in rate increases <br />are in the full lease. <br />Upon a. motion by Mr. Peezkowski, seconded COMMISSION APPROVED TFIF. MEMORANDUM OF <br />by Mr. Blake and unanimously eaiTied, the .EASE WITH DHANWANTARI, INC. (MICHIGAN <br />ommi.ssion approved the Memorandum of T. HOFPS <br />Lease with harata., Inc. (Michigan St. <br />Shops) <br />D. Sample -Ewing Development Area <br />There was no business in the Sample -Ewing <br />Development Area. <br />E. Airport Economic Development Area <br />(1) Commission approval requested for <br />proposal for professional services In the <br />Airport Economic Development .Area. <br />(Title work for Knoblock property <br />acquisition) <br />Mr. Witwer noted that to prepare for <br />