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South Bend Redevelopment Commission <br />Regular Meeting —July 18, 2003 <br />6. NEW BUSINESS <br />F. Airport Economic Development Area <br />(4) continued... <br />Upon a motion by Mr. Faccenda, seconded COMMISSION AUTHORIZED STAFF TO SEND THE <br />by Ms. Jones and unanimously carried, the LETTER OF INTENT TO PURCHASE 23953 BRICK <br />Commission authorized staff to send the ROAD OWNED BY THE GABYS. <br />letter of intent to purchase 23953 Brick <br />Road owned by the Gabys. <br />G. South Bend Medical Services District <br />There was no business in the South Bend THERE WAS NO BUSINESS IN THE SOUTH BEND <br />Central Development Area. CENTRAL DEVELOPMENT AREA. <br />H. West Washington- Chapin Development Area <br />There was no business in the West Washington- THERE WAS NO BUSINESS IN THE WEST <br />Chapin Development urea. WASHINGTON- CHAPIN DEVELOPMENT AREA. <br />I. South Side Development Area <br />(1) Commission approval requested for <br />Resolution No. 1988 pledging certain tax <br />increment revenues to the payment of the <br />City of South Bend, Indiana, Economic <br />-Development Revenue Bonds of 2003, <br />together with interest thereon. (Kite <br />Capital, LLC Project) <br />Ms. Greene explained that this pledge <br />resolution is related to the redevelopment of <br />Scottsdale Mall, to be known as "Erskine <br />Village ". Resolution No. 1988 is a pledge <br />resolution in which the Commission pledges <br />the tax increment generated by the <br />development to support an EDC bond which <br />the developer will purchase. This will be the <br />Commission's public investment in Phase I <br />15 <br />