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South Bend Redevelopment Commission <br /> Regular Meeting—August 9, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> B. South Bend Central Development Area <br /> (1) continued... <br /> whereby the Host Resort transferred the <br /> Marriott hotel to the Jenna Investment Group <br /> which will now be opening a Doubletree <br /> Hotel. In conjunction with that there are two <br /> small post-closing items . We did estoppel <br /> agreements for these particular agreements <br /> pre-closing, but the parties have amended <br /> both of those agreements. The first <br /> amendment relates to the walkway easement. <br /> The fourth amendment relates to the atrium <br /> and some areas outside the facility for <br /> upkeep. The name has been changed from <br /> Host to Jenna. Some ground rules were <br /> established so that if ownership changes with <br /> regard to the hotel or the office building, the <br /> estoppel agreements would institutionalize <br /> and come back before the various parties at <br /> that time. It does not mean that anyone is <br /> contemplating selling anything at this point.; <br /> nor does it change the responsibilities of the <br /> city with regard to any of these agreements; <br /> nor does it change the commitment of 1st <br /> Source Bank which has no relationship to <br /> these agreements. 1st Source Bank has <br /> signed a lease for its space and will be in the <br /> building for the next ten years. <br /> Mr. Nussbaum advised the Commission that <br /> the changes are very routine, very non- <br /> substantive changes to these agreements. <br /> The Board of Public Works has already <br /> signed them. The Century Center Board of <br /> Managers will sign them on August 10. He <br /> asked that the Redevelopment Commission <br /> sign as well. <br /> 9 <br />