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04-04-03 Redevelopment Commission Minutes
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04-04-03 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br />Regular Meeting —April 4, 2003 <br />6. NEW BUSINESS (CONT.) <br />B. South Bend Central Development Area <br />(continued...) <br />(2) Commission approval requested for <br />Letter of Agreement - Addendum #3 to <br />Letter of Agreement Dated August 22, <br />2001 between the City of South Bend and <br />Lehman & Lehman, Inc. (East Bank <br />Planning Project) <br />Mr. Mathia reported that since September <br />2001, Lehman & Lehman has been assisting <br />the City on various development activities <br />and projects on the East Bank including an <br />overall master development plan for the <br />area. The original scope of work for the <br />projects haas been modified as the work <br />progressed. The size of the project area has <br />been enlarged and the number of tasks <br />increased. The work has been complicated <br />by the announcement that the St. Joseph <br />Regional Medical Center plans to move <br />from the area and recent sizable acquisition <br />of additional East Bank properties by <br />Madison Center. The original Letter of <br />Agreement was approved by the <br />Commission on September 7, 2001 in the <br />amount of $20,000. The Agreement was <br />amended on December 21, 2001 and <br />September 27, 2002 and total funding was <br />increased to $70,000. At present, $1,678 <br />remains unexpended under the agreement. <br />To carry out the additional activities and to <br />complete the development plans, it is <br />necessary to extend the agreement to <br />August 31, 2003 and increase the level of <br />funding by $42,000 to a new total of <br />$112,000. Staff recommends approval of <br />the third addendum. <br />t, 9 <br />
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