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11-01-02 Redevelopment Commission Minutes
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11-01-02 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br />Regular Meeting— November 1, 2002 <br />�rr <br />6. NEW BUSINESS (CONT.) <br />B. Tax Abatement <br />(2) continued... <br />tax deduction for property located at The <br />Villas at Lake Blackthorn in the Airport <br />Economic Development Area. (South Bend <br />Redevelopment Commission for the benefit <br />of Cooreman Real Estate Group, Inc.) <br />C. South Bend Central Development Area <br />(1) Commission approval requested for the <br />Sixth Amendment to Lease between the <br />City of South Bend, Indiana by the South <br />Bend Redevelopment Commission and <br />American Partners, L.P. (Osco Drug, <br />Inc., S. Michigan Street) <br />Mr. Williams reported that the amendment <br />was reviewed by the Legal Department and <br />is satisfactory as to content. The amendment <br />extends Osco's lease for an additional year, <br />from December 31, 2002 to November 30, <br />2003. The annual amount of the lease <br />remains the same at $48,928. <br />Upon a motion by Mr. Kahn, seconded by <br />Ms. Jones and unanimously carried, the <br />Commission approved the Sixth <br />Amendment to Lease between the City of <br />South Bend, Indiana by the South Bend <br />Redevelopment Commission and American <br />Partners, L.P. (Osco Drug, Inc., S. Michigan <br />Street) <br />(2) Commission approval requested for <br />Amendment to Contract for Purchase and <br />Sale of Real Estate. (1" Source parking <br />lot, Main & Jefferson) <br />18 <br />AREA. (SOUTH BEND REDEVELOPMENT <br />COMMISSION FOR THE BENEFIT OF COOREMAN <br />REAL ESTATE GROUP, INC.) <br />COMMISSION APPROVED THE SIXTH <br />AMENDMENT TO LEASE BETWEEN THE CITY OF <br />SOUTH BEND, INDIANA BY THE SOUTH BEND <br />REDEVELOPMENT COMMISSION AND AMERICAN <br />PARTNERS, L.P. (Osco DRUG, INC., S. <br />MICHIGAN STREET) <br />
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