No. 1506 approving a proposed lease between the SBRA and the SBRC for certain land and public improvements, approving preliminary plans, speccifications and cost estimates, setting a public hearing (Palais Royale)

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WHEREAS, preliminary plans, specifications and cost estimates for the Project have been filed with the Commission; and WHEREAS, the Commission desires to (i) approve the preliminary plans, specifications and cost estimates for the Project, (ii) approve the proposed Lease, and (iii) authorize the publication of notice of public hearing and conduct a public hearing on the proposed Lease pursuant to IC 36 -7 -14 -25.2; and WHEREAS, after the public hearing, the Commission may adopt a resolution pursuant to IC 36 -7 -14 -25.2 authorizing the execution of the proposed Lease on behalf of the City of South Bend if it finds that the service to be provided throughout the term of the proposed Lease will serve the public purpose of the City of South Bend, is in the best interests of its 16 residents and the lease rental provided for therein is fair and reasonable. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. The Commission hereby approves the preliminary plans, specifications and cost estimates which have been filed with the Commission. 2. The Commission hereby approves the proposed Lease in substantially final form between the Authority and the Commission to be dated as of May 1, 1997. 3. The Commission hereby schedules the public hearing on the proposed Lease to be held on June 6, 1997, at 10:00 a.m., Eastern Standard Time, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana. 4. The Commission hereby authorizes the publication of a notice of public hearing on the proposed Lease pursuant to IC 5 -3 -1. -2-