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South Bend Redevelopment Commission <br />Regular Meeting — April 15, 2005 <br />6. NEW BUSINESS (CONT.) <br />G. West Washington- Chapin Development Area <br />There was no business in the West Washington - <br />Chapin Development Area. <br />H. South Side Development Area <br />(1) Commission approval requested for <br />Amended and Restated Development <br />Agreement related to the Erskine Village <br />Project <br />Ms. Greene noted that the Commission <br />previously entered into a Development <br />Agreement with Kite Development related to <br />the Erskine Village site. Schottenstein and <br />Kimco are now partners with Kite and the <br />three entities have formed a partnership <br />known as KSK Scottsdale Mall LLP. This <br />Amended and Restated Development <br />Agreement presented to the Commission for <br />approval recognizes the changed name for <br />the Developer to "KSK Scottsdalle Mall <br />LLP ". In addition, the Amended and <br />Restated Development Agreement is revised <br />to reflect changes in the financing structure <br />of the transaction including revisions to <br />reflect the change in the type of revenue <br />bonds from Tax Increment Revenue Bonds <br />to Economic Development Revenue Bonds. <br />The bonds sale is expected to close on or <br />around April 19, 2005.The scope of the <br />Project and the cost of the Project have not <br />changed from the original Development <br />Agreement. <br />C, 14 <br />THERE WAS NO BUSINESS IN THE WEST <br />WASHINGTON- CHAPIN DEVELOPMENT AREA. <br />