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South Bend Redevelopment Commission <br /> Regular Meeting—August 23, 2011 <br /> 5. OLD BUSINESS <br /> There was no Old Business. THERE WAS No OLD BUSINESS <br /> 6. NEW BUSINESS <br /> A. South Bend Central Development Area <br /> (1) Resolution No. 2934 terminating a <br /> Contract for Sale of Land for Private <br /> Development between JeffCourt, Inc. and <br /> the South Bend Redevelopment <br /> Commission dated June 6, 2008, and a <br /> Development Agreement by and between <br /> South Bend Redevelopment Commission <br /> and JeffCourt, Inc. dated June 6, 2008. <br /> Mr. Relos noted that Resolution No. 2934 <br /> terminates a Contract for Sale of Land for <br /> Private Development between JeffCourt, Inc. <br /> and the South Bend Redevelopment <br /> Commission dated June 6, 2008, and a <br /> Development Agreement by and between the <br /> South Bend Redevelopment Commission and <br /> JeffCourt, Inc. dated June 6, 2008. On April <br /> 12, 2011, the Commission authorized <br /> Richard Nussbaum II, Attorney-at-Law, to <br /> prepare notices of default for the Contract for <br /> Sale, First Amendment to the Contract, and <br /> Development Agreement with Jeffcourt, Inc, <br /> for the Commission-owned lot at the <br /> northwest corner of Jefferson and St. Joe <br /> streets. <br /> As part of these agreements, Jeffcourt had <br /> certain obligations, which have not been met. <br /> Because these obligations have not been met, <br /> Jeffcourt is in default of the agreements. The <br /> two most noteworthy defaults are: <br /> • Property was to be closed on by <br /> December 15, 2008. <br /> 4 <br />