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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -November 2, 2007 <br />6. NEW BUSINESS <br />B. South Bend Central Development Area <br />(1) continued... <br />revenues is very tough. Again, my caveat to <br />this whole thing, and Hardie said last time <br />that this looks to be very business friendly. <br />My point is that the other businesses that are <br />competing with LePeep. We are choosing a <br />particular member, just because they happen <br />to be our tenant, in order to give them an <br />unfair advantage. I'm sure that if LePeeps <br />left, that breakfast business would be <br />appreciated by their competitors. It's adog- <br />eat-dog world. Doing this shows a particular <br />favoritism and is public interference in the <br />workings of business economics. If you <br />owned a business and you learned that your <br />neighbor was forgiven $21,000 of their debt, <br />had their rent cut in half, had their total rent <br />readjusted, you would be jealous of their <br />situation. The city should not be using public <br />funds to create unfair advantage. <br />Mr. Downes stated that the city is being a <br />responsible landlord in order to retain a <br />valuable tenant which also is good for the <br />downtown economy. We don't have any <br />control over the rent that other restaurants <br />pay or don't pay. <br />Mr. King reminded the Commissioners that <br />the terms of this lease have already been <br />agreed to on October 19. The staff has now <br />put them into a standard lease form so that <br />we can move forward. <br />Mr. Peczkowski claimed that the original <br />lease seen by the Commission did not include <br />$4.60 per square foot. So this is substantially <br />63 <br />