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South Bend Redevelopment Commission <br />IL Regular Meeting— November 16, 2001 <br />6. NEW BUSINESS C <br />( ONT.) <br />D. Sample -Ewing Development Area <br />(2) Continued... <br />agreement. Approval of this proposal also <br />gives the Legal Department authorization to <br />work towards the finalization of the <br />settlement agreement and then file all <br />necessary paperwork with the bankruptcy <br />court. <br />The Legal Department as well as the <br />Redevelopment Staff recommend that the <br />Commission accept the proposal in order to <br />acquire control of the property as quickly as <br />possible. <br />4rw Upon a motion by Mr. Kahn, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved the proposed <br />settlement agreement with Allied Products <br />and authorized the Commission Attorney to <br />prepare and file all necessary documents <br />with the Bankruptcy Court. <br />Mr. Hunt commended the staff for their <br />efforts toward this settlement agreement. <br />(3) Commission approval requested for <br />Resolution No. 1854 establishing certain <br />funds and accounts in connection with the <br />lease dated as of November 12, 2001, <br />between the South Bend Redevelopment <br />Commission and the South Bend <br />Redevelopment Authority relating to the <br />acquisition of certain land and removal of <br />improvements thereon and other related <br />matters. <br />12 <br />COMMISSION APPROVED THE PROPOSED <br />SETTLEMENT AGREEMENT WITH ALLIED <br />PRODUCTS AND AUTHORIZED THE COMMISSION <br />ATTORNEY TO PREPARE AND FILE ALL NECESSARY <br />DOCUMENTS WITH THE BANKRUPTCY COURT. <br />