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South Bend Redevelopment Commission <br />Regular Meeting — December 17, 2004 <br />5. OLD BUSINESS (CONT.) <br />A. South Bend Central Development Area <br />(2) Commission approval requested for <br />Ground Lessor /Commission Estoppel <br />Certificate related to Leighton Plaza in the <br />South Bend Central Development Area. <br />Ms. Greene noted that she has been contacted <br />by the attorney for the Ground Lessee of the <br />Leighton Plaza. Under the terms of Article <br />XIX of the Ground Lease, the Commission is <br />required to issue an estoppel certificate <br />which is an instrument routinely used in <br />commercial transactions. The Estoppel <br />Certificate before the Commission references <br />the various agreements related to the original <br />transaction and sets out the status of any <br />rights or obligations expressed in those <br />documents. It is in a form acceptable to legal <br />counsel and complies with the requirements <br />of Section XIX of the Ground Lease. <br />Upon a motion by Mr. Hunt, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved the Ground <br />Lessor /Commission Estoppel Certificate <br />related to Leighton Plaza in the South Bend <br />Central Development Area. <br />6. NEW BUSINESS <br />A. Public Hearing <br />(1) Public Hearing on Resolution No. 2115 <br />amending Resolution No. 2088 which <br />appropriated monies for the purpose of <br />defraying the expenses of certain local <br />public improvements for the fiscal year <br />beginning January 1, 2004, and ending <br />IL December 31, 2004, including all <br />9 <br />COMMISSION APPROVED THE GROUND <br />LESSOR/COMMISSION ESTOPPEL CERTIFICATE <br />RELATED TO LEIGHTON PLAZA IN THE SOUTH <br />BEND CENTRAL DEVELOPMENT AREA. <br />