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South Bend Redevelopment Commission <br />Regular Meeting -May 19, 2006 <br />6. NEW BUSINESS (CONT.) <br />F. Airport Economic Development Area <br />continue ... <br />Marathon were very one-sided and would not <br />work for the developer or the city. The hotel <br />development lost momentum with the <br />September 11 attack. Now the developer is <br />ready to move forward and he approached <br />the city again for a solution to the pipeline. <br />The documents have subsequently been <br />rewritten so they are acceptable to all parties. <br />Upon a motion by Mr. Hojnacki, seconded <br />by Mr. King and unanimously carried, the <br />Commission approved the Marathon <br />Settlement Agreement and authorized <br />execution of the Development Agreement for <br />lot 3A in Blackthorn Corporate Park. <br />(7) Commission approval requested for <br />Resolution No. 2246 approving a form of <br />development agreement with JF+A <br />Properties, Ltd./CII&P and County <br />Mayo/SB,LLC and other related matters. <br />(Blackthorn Corporate Park Lot 3A) <br />Mr. Peterson noted that this is related to the <br />development of the hotel site. Back in 2001 <br />the process was started for resolution of the <br />Marathon pipeline issue. Resolution <br />No. 2246 approves the standard form of <br />development agreement authorizing the <br />Legal department to negotiate and finalize a <br />development agreement which will be <br />brought back to the Commission for final <br />approval at the June 2 meeting. This allows <br />the city to move forward with utility <br />improvements on a guarantee with the <br />developer that he either complete the <br />development or reimburse the city for the <br />COMMISSION APPROVED THE MARATHON <br />SETTLEMENT AGREEMENT AND EXECUTION OF <br />THE DEVELOPMENT AGREEMENT FOR LOT 3A IN <br />BLACKTHORN CORPORATE PARK <br />28 <br />