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04-15-02 Redevelopment Commission Minutes
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04-15-02 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br />Special Meeting —April 15, 2002 <br />6. NEW BUSINESS (CONT.) <br />B. Sample -Ewing Development Area <br />(6) continued... <br />Mr. Schalliol advised that we have <br />received the 10% guarantee from AJW <br />South Bend Realty Corp. in the form of a <br />Treasurer's check. <br />Upon a motion by Mr. Kahn, seconded <br />by Ms. Jones and unanimously carried, <br />the Commission accepted the bid from <br />AJW South Bend Realty Corp. for 70.95 <br />acres of property. (Corner of Sample <br />and Olive) <br />() Commission approval requested for <br />Escrow Agreement with AJW South <br />IL Bend Realty Corp. <br />Ms. Greene advised that item 6.13.7. <br />contemplates an escrow agreement <br />which was captured in the original <br />Memorandum of Understanding with <br />TJX, Companies, Inc., and also captured <br />within the context of the purchase <br />agreement that is to be negotiated with <br />AJW South Bend Realty Corp. with <br />respect to the disposition of property. <br />Ms. Greene noted that item 6.B.7. <br />required no action by the Commission, <br />and requested it be deleted. <br />The Commission deleted Item 6.13.7. <br />(8) Commission approval requested for <br />Contract For Sale in the Sample - <br />Ewing Development Area. <br />14 <br />COMMISSION ACCEPTED THE BID FROM AJW <br />SOUTH BEND REALTY CORP. FOR 70.95 ACRES <br />OF PROPERTY. (CORNER OF SAMPLE AND OLIVE) <br />COMMISSION DELETED ITEM 6.B.7. <br />
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