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r� <br />South Bend Redevelopment Commission <br />Special Meeting —January 5, 2001 <br />6. NEW BUSINESS (CONT.) <br />n. continued... <br />then be loaned to Bosch for environmental <br />remediation. We are pledging TIF funds <br />from the AEDA. <br />Upon a motion by Mr. Kahn, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved Resolution No. 1823 <br />pledging tax increment finance revenues for <br />the payment, if necessary, of the <br />environmental remediation revolving loan <br />fund administered by the Indiana <br />Development Finance Authority <br />o. Recission of Addendum to Agreement for <br />the Lease and Development of Real <br />Property by and Between the South Bend <br />Redevelopment Commission and <br />Studebaker Autoparts Sales Corporation <br />Dated January 7, 2000. <br />Ms. Greene explained that the Commission <br />approved the Addendum to Lease <br />Agreement on November 3. It has not yet <br />been signed by SASCO. There are additional <br />negotiations taking place related to a number <br />of issues. The staff recommends rescinding <br />the Addendum. <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Caldwell and unanimously carried, <br />the Commission rescinded the Addendum to <br />Agreement for the Lease and Development <br />of Real Property by and Between the South <br />Bend Redevelopment Commission and <br />Studebaker Autoparts Sales Corporation <br />dated January 7, 2000. <br />p. Commission approval requested for <br />Revised Addendum to Agreement for the <br />Lease and Development of Real Property <br />In <br />COMMISSION APPROVED RESOLUTION NO. <br />1823 PLEDGING TAX INCREMENT FINANCE <br />REVENUES FOR THE PAYMENT, IF NECESSARY, <br />OF THE ENVIRONMENTAL REMEDIATION <br />REVOLVING LOAN FUND ADMINISTERED BY <br />THE INDIANA DEVELOPMENT FINANCE <br />AUTHORITY <br />COMMISSION RESCINDED THE ADDENDUM TO <br />AGREEMENT FOR THE LEASE AND <br />DEVELOPMENT OF REAL PROPERTY BY AND <br />BETWEEN THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AND STUDEBAKER AUTOPARTS <br />SALES CORPORATION DATED JANUARY 7, 2000 <br />