Laserfiche WebLink
Redevelopment Commission Meeting <br />Regular Meeting — August 20, 2004 <br />the Commission has an outstanding <br />obligation for compensation. The Agreement <br />before the Commission provides that in lieu <br />of a payment of funds due to the School <br />Corporation for that property, the <br />Commission will provide the School <br />Corporation with credit toward parking in the <br />Wayne Street Garage. The details of that <br />arrangement still need to be worked out to <br />satisfy the State Board of Accounts. <br />Approval of the two agenda items before the <br />Commission should be subject to final <br />confirmation from legal counsel as to the <br />mechanics of that portion of the transaction. <br />Ms. Jones asked Ms. Greene to explain the <br />intent of each of the documents. Ms. Greene <br />noted that item 6.C.(4) is the purchase and <br />sale agreement with the current owner of the <br />Century Building which includes the terms <br />and conditions for acquisition of that <br />property. The purchase agreement is <br />assignable to the School Corporation or to an <br />entity to be designated. <br />Item 6.C.(3) is an agreement between the <br />Commission and School Corporation as to <br />how the overall relocation project will be <br />completed and spells out the respective <br />obligations of the School Corporation and the <br />Commission in accomplishing the Relocation <br />Project. <br />Ms. Jones indicated that she also would like <br />to go on record as being extremely concerned <br />about the carrying charges of the <br />Administration Building. She would like to <br />see a history of utility and maintenance costs <br />for the Administration Building. She's very <br />uncomfortable with the decision to acquire it <br />without knowing the costs, especially with <br />the looming historic preservation issue. She <br />G <br />