No. 1202 approving of the execution of a lease between the SBRA and the SBRC for certain land and public improvements thereon, and regarding other related matters

Home Browse Search

RESOLUTION NO. 1202 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING OF THE EXECUTION OF A LEASE BETWEEN THE SOUTH BEND REDEVELOPMENT AUTHORITY AND THE SOUTH BEND REDEVELOPMENT COMMISSION FOR CERTAIN LAND AND PUBLIC IMPROVEMENTS THEREON, AND REGARDING OTHER RELATED MATTERS WHEREAS, the South Bend Redevelopment Commission (the "Commission ") on November 15, 1993, held a public hearing on a proposed Lease between the South Bend Redevelopment Authority (the "Authority ") and the Commission for certain land and public improvements located thereon to consist of the Century Center and certain improvements to be constructed thereto and a facility to house the College Football Hall of Fame (the "Project ") to be dated as of November 1, 1993 (the "Lease "), at which all interested parties were provided the opportunity to be heard, after which hearing it adopted Resolution No. 1199 finding that the rental payments to be paid by the Commission pursuant to the Lease are fair and reasonable and that the use of the Project throughout the term of the Lease will serve the public purpose of the City of South Bend and is in the best interests of its residents; and WHEREAS, the Commission in said Resolution No. 1199 ratified and approved action taken by the Secretary of the Commission to transmit to the Common Council of the City of South Bend (the "Common Council ") a copy of said Resolution No. 1199, and to file with said Common Council an approving ordinance; and