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South Bend l cdevelo mcnt Commission <br />Rescheduled Regular Meeting — June 22, 2007 <br />5. OLD BUSINESS (CONY.) <br />B. South. Bend Central Development Area <br />(1) continued... <br />Compensation, B. Shared Parking Lot Fees <br />was revised to make it more clear that <br />maintenance of the lots is to be the first use <br />of those funds; any remaining revenues from <br />the lots may be retained by DT B and used <br />as a management fee. Also, a new Exhibit I <br />was added that outlines the specific <br />responsibilities related to maintenance of the <br />parking lots. Another change was that in <br />Exhibit B there has been a change in the <br />in ur nce requirements on page 17, <br />paragraph 19 to $700,000 for any one person <br />and not less than $5,000,000 for any one <br />incident. The previous levels were $500,000 <br />and $3,000,000. These levels are prescribed <br />by state law. They charge effective January <br />2008 and since this contract will. be in. effect <br />at the beginning of the year, we wanted this <br />contract to, reflect thosc requirements. <br />Mr. Pec l o vsl i asked what Nor. Leone's <br />findings were related to conflict of interest <br />and Conn i- mssion members' po sib on on the <br />T TSB hoard of directors. Mr. Leone <br />responded that two Commission members <br />were serving as board members of DTSB. <br />They have both resigned those positions. <br />Their purported conflict of interest was <br />where there right have been conflicting <br />loyalties rather than ones involving pecuniary <br />interests. Simple resignation from DTSB is <br />sufficient to resolve that issue. <br />Mr. Peczkowski asked if he was sure that is <br />the case under Indiana law. Mr. Peczkowski <br />understood there was a one year minimum <br />16 <br />