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South Bend Redevelopment Commission <br />Regular Meeting — August 19, 2005 <br />6. NEW BUSINESS (CONT.) <br />C. South Bend Central Development Area <br />(1) continued... <br />Ms. Laurent noted that Resolution No. 2179 <br />sets the Fair Market Rent for 117 S. <br />Michigan Street at $10.50 per square foot. <br />That computes to $2,096.50 per month. <br />Upon a motion by Mr. Hojnacki, seconded <br />by Mr. King and unanimously carried, the <br />Commission approved Resolution No. 2179 <br />setting the Fair Market Rent for property <br />located at 117 S. Michigan St. (former Esprit <br />Decor space in the Michigan Street Shops) <br />COMMISSION APPROVED RESOLUTION NO. 2179 <br />SETTING THE FAIR MARKET RENT FOR <br />PROPERTY LOCATED AT 117 S. MICHIGAN ST. <br />(FORMER ESPRIT DECOR SPACE IN THE <br />MICHIGAN STREET SHOPS) <br />(2) Commission authorization requested to <br />publish Notice of Intended Lease of <br />Property with publication dates of August <br />26 and September 2, 2005 and receipt of <br />bids on September 16, 2005 at 10:00 a.m. <br />(117 S. Michigan St.) <br />Upon a motion by Mr. King, seconded by <br />COMMISSION AUTHORIZED PUBLICATION IN THE <br />Mr. Hojnacki and unanimously carried, the <br />SOUTH BEND TRIBUNE AND TRI- COUNTY NEWS <br />Commission authorized publication in the <br />OF THE NOTICE OF INTENDED LEASE OF <br />South Bend Tribune and Tri- County News of <br />PROPERTY FOR 117 S. MICHIGAN STREET WITH <br />PUBLICATION DATES OF AUGUST 26 AND <br />the Notice of Intended Lease of Property for <br />SEPTEMBER 2, 2005 AND RECEIPT OF BIDS ON <br />117 S. Michigan Street with publication dates <br />SEPTEMBER 16, 2005 AT 10:00 A.M. <br />of August 26 and September 2, 2005 and <br />receipt of bids on September 16, 2005 at <br />10:00 a.m. <br />(3) Commission authorization requested to <br />use Commission owned property in the <br />South Bend Central Development Area for <br />Art Beat on September 15, 2005. <br />Ms. Laurent noted that the City of South <br />Bend and Downtown South Bend, Inc. are <br />12 <br />