Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting — June 17, 2005 <br />Redevelopment Commission offering the <br />land for sale as part of a garage /office retail <br />project. The Board of Public Works has <br />previously taken action to transfer the <br />property to the Commission. Resolution <br />No. 2170 is a matching resolution accepting <br />the property transfer. <br />Upon a motion by Mr. Hunt, seconded by <br />Mr. Downes and unanimously carried the <br />Commission approved Resolution No. 2170 <br />accepting the transfer of real property from <br />the City of South Bend, Indiana. <br />(St. Joseph/Jefferson Garage Office Project) <br />(2) Staff report related to Commercial Lease <br />between the City of South Bend, Indiana <br />and Sit & Knit, A Yarn Cafe, Inc. (129 S. <br />Michigan Street) <br />IL Mr. Williams reported that Jack and Kim <br />Olesker have proposed to open a South Bend <br />version of the "Sit & Knit, A Yarn Cafe, <br />Inc." currently located in New Buffalo, <br />Michigan. The property to be leased is <br />located at 129 S. Michigan Street. The <br />Olesker's have agreed to pay the market rate <br />of $11.50 per square foot and are requesting <br />a five (5) year, three (3) month lease with the <br />first three months to be rent free allowing for <br />the completion of the necessary build out. <br />The build out will be entirely at Lessee <br />expense. The proposed project will <br />complement the downtown area and the <br />Michigan Street Shops. Staff recommends <br />approval. <br />Ms. Regina Emberton, CB Richard Ellis, <br />introduced Mr. Jack Olesker to describe the <br />Sit & Knit business in detail and answer any <br />questions the Commission might have. <br />L <br />COMMISSION APPROVED RESOLUTION NO. 2170 <br />ACCEPTING THE TRANSFER OF REAL PROPERTY <br />FROM THE CITY OF SOUTH BEND, INDIANA. <br />(ST. JOSEPH /JEFFERSON GARAGE OFFICE <br />PROJECT) <br />