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South Bend Redevelopment Commission <br />Regular Meeting -January 20, 2006 <br />6. NEW BUSINESS (CONT.) <br />D. South Bend Central Development Area <br />() continued... <br />monthly rent will be $1,211.25 ($11.40/s$) <br />month. In the fifth year the monthly rent will <br />be $1,453.50. These rates are higher than <br />their current rent. Staff recommends <br />approval. <br />Upon a motion by Mr. King, seconded by <br />Mr. Hojnacki and unanimously carried, the <br />Commission approved the First Amendment <br />to Lease Agreement in the South Bend <br />Central Development Area. (123 S. Michigan <br />St., CORT Furniture Rental) <br />(3) Commission approval requested for First <br />Addendum to Lease in the South Bend <br />Central Development Area. (131 S. <br />Michigan St., David Van Hoey, d/b/al <br />Quizno's Classic Subs) <br />Mr. Williams noted that Quizno's wishes to <br />exercise its option to renew its lease for a <br />four-year term at $1,446.15 per month <br />($11.43/sft). Staff recommends approving <br />the terms of the lease. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. King and unanimously carried, the <br />Commission approved the First Addendum to <br />Lease in the South Bend Central <br />Development Area. (131 S. Michigan St., <br />David Van Hoey, d/b/a/ Quizno's Classic <br />Subs) <br />COMMISSION APPROVED THE FIRST <br />AMENDMENT TO LEASE AGREEMENT IN THE <br />SOUTH BEND CENTRAL DEVELOPMENT AREA. <br />(123 S. MICHIGAN ST., CORT FURNITURE <br />RENTAL) <br />COMMISSION APPROVED THE FIRST ADDENDUM <br />TO LEASE IN THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA. (131 S. MICHIGAN ST., <br />DAVID VAN HOEY, D/B/A/ QUIZNO~S CLASSIC <br />SUB s) <br />26 <br />