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6. NEW BUSINESS (Cont'd <br />Mr. L. Glenn Barbe advised this is primarily to re- <br />finance ur existing debt, which will be due the <br />8th of 0 tober. <br />On motion by Mr. Helmen, seconded by Mr. Wiggins, <br />Resolution No. 315 was adopted and unanimously <br />carried. <br />f. Resolution No. 316: This Resolution author- <br />izes the President and Secretary to sign the Contract <br />for Sale of Land to The South Bend Supply Company, <br />324 South ST. Joseph Street, South Bend, Indiana <br />46601,,for Disposition Parcel Nos. 1 and 2, in the <br />amount of $130,249.73, in the Industrial Expansion <br />Project, R =56. <br />Mr. Wiggins moved for adoption of Resolution No. <br />316, seconded by Mr. Helmen, and approved unanimously. <br />g. Certificate of Completion: Authorization was <br />requested for the President and Secretary to execute <br />the Certificate of Completion which conveys Parcel <br />No. 18 -11 to Place and Company, which is in th' La- <br />Salle Park Urban`penewal Project, R -57. Mr:. B.arbe' <br />said thi involves the last of two homes Place and _ <br />Company ias built, which is now completed and in- <br />spected jy our staff. This will give the firm a <br />clear title to sell these properties. <br />On motion by Rev. Williams, seconded.by Mr. Wiggins, <br />the title transfer was authorized and unanimously <br />approved. <br />RESOLUTION NO. 316 <br />APPROVED, INDUSTRIAL <br />EXPANSION PROJECT; <br />R-56 <br />CERTIFICATE OF COMPLETION, <br />APPROVED, PARCEL NO. 18 -11, <br />LASALLE PARK URBAN RENEWAL <br />PROJECT -, R ;5.'7 <br />h. Dption Agreements, R -66: Approval and author THREE C3) OPTION AGREE - <br />ization qas requested for the President to sign three MENTS APPROVED, PARCEL NOS. <br />(3) Opti n Agreements, in the Central Downtown Urban 1 -8, 23 -2 & 25 -3, CENTRAL <br />Renewal 3roject, R -66, for the following parcels: DOWNTOWN URBAN RENEWAL <br />PROJECT, R -66 <br />Parclel No. Addres <br />1 -8 212 N. Michigan St. <br />23 -2 110 E. Western & 400 -404 S. <br />Michigan St. <br />25 -3 432 S. Carroll St. <br />On motio by Mr. Wiggins, seconded by Rev. Willi -ams, <br />the Opti n Agreements for the above - listed parcels <br />were una imously approved. <br />i. Simonds and Simonds: A <br />informal meeting with this firm <br />has been set for Thursday, Sept <br />4:00 P.M., in the Office of the <br />developm nt. <br />firm date for an <br />and the Commission <br />ember 24, 1970, at. <br />Department of Re- <br />-8- <br />SIMONDS AND SIMONDS <br />MEETING SCHEDULED <br />SEPTEMBER 24, 1970 <br />