Laserfiche WebLink
South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -June 23, 2006 <br />6. NEW BUSINESS <br />D. South Bend Central Development Area <br />continue ... <br />Mr. Hojnacki asked if there was enough <br />parking near the site for their uses. Mr. <br />Toothaker indicated they think the project <br />will support one layer of underground <br />parking. <br />Mr. Peterson noted that the Commission's <br />acceptance of the non-binding Letter of <br />Intent would indicate preliminary approval of <br />the project and authorize staff to negotiate a <br />development agreement which would be <br />presented at a future meeting. The <br />development agreement would include the <br />specific terms and conditions of the project <br />and the obligations of each party to which the <br />parties agree. <br />Ms. Jones stated that the project is one of the <br />most exciting things the Commission has <br />seen for that corner and something the <br />Commission has desired for a long time. <br />We' 11 be really excited to help the project <br />move forward. <br />Mr. King stated that he cannot think of any <br />single project that would have more impact <br />on the look of the downtown and how long- <br />time residents feel about the downtown. <br />Seeing the building brought back to <br />prominence as part of this project will be <br />tremendous for the downtown. <br />Upon a motion by Mr. Hojnacki, seconded <br />by Mr. King and unanimously carried the <br />Commission acknowledged receipt of the <br />Letter of Intent related to 101 North <br />COMMISSION ACKNOWLEDGED RECEIPT OF THE <br />LETTER OF INTENT RELATED TO I ~ I NORTH <br />MICHIGAN ST. REPRESENTING A BASIC <br />AGREEMENT THAT IS ACCEPTABLE TO BOTH THE <br />PARTIES THAT WILL SERVE AS A FOUNDATION <br />12 <br />