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a <br />BUSINESS (Cont'd <br />and hat the plans be subject to the approval of the Urban <br />Desi n Review Committee. Said motion was seconded by Mr. <br />Wade and unanimously carried. <br />7. INEW BUSINESS <br />a. Assignment of Redeveloper's Bid, Disposition RESOLUTION NO. 421 <br />Parcel No. 7 -1: Mr. Kevin J. Butler, Commission Legal ADOPTED, DISPOSITION <br />Counsel, said the Commission has approved the bid proposals PARCEL NO. 7 -1, R -66 <br />submitted by the St. Joseph Bank & Trust Company of South <br />Bend Indiana, as Trustee for Land Trust No. 31- 001935 -1, <br />in C mmission meeting of March 17, 1972. The St. Joseph <br />Bank has assigned its interest and obligations to the Royal <br />Inns of America, Inc. Their letter of intent, dated March <br />15, was filed with the Commission at that time, and <br />Roya Inns was approved as redevelopers for Disposition <br />Parc 1972, <br />1 No. 7 -1. <br />Adop ion of Resolution No. 421, approving the assignment <br />of tie successful bid, authorizing the execution of the <br />Rede elopment Agreement for Disposition of Parcel 7 -1 and <br />the xecution of quit claim deed for the transfer of title <br />ther to, and authorizing the commencement of redevelopment <br />construction in connection with said Disposition Parcel <br />7 -1, in the South Bend Central Downtown Area, Ind. R -66, <br />was requested. Clauses No. 1 through 7 of Resolution No. <br />421 were read by Mr. Taylor. <br />On motion <br />by Mr. Chenney, seconded by Mr. Wiggins, Resolu- <br />tion <br />No. 421 was unanimously adopted. <br />b. Resolution No. 419: This Resolution authorizes <br />RESOLUTION NO. 419 <br />the <br />execution of Redevelopment Agreement for Disposition of <br />ADOPTED, R -57 <br />land <br />and execution of Warranty Deed for transfer of title, <br />for <br />arcel No. 9 -4, conveyed to Bert Karpinski, in amount <br />of $ <br />30.00, and the President and Secretary authorized to <br />exec <br />to documents, R -57. <br />On m <br />)tion by Mr. Chenney, seconded by Mr. Wade, Resolution <br />No. <br />fl9 was unanimously adopted. <br />c. Resolution No. 420: This Resolution authorizes <br />RESOLUTION NO. 420 <br />the <br />filing of an Amendatory Loan and Grant Application for <br />ADOPTED, R -66 <br />Proj <br />ct Indiana R -66. <br />On m tion by Mr. Wiggins, seconded by Mr. Chenney, Resolu- <br />tion No. 420 was unanimously adopted. <br />-7- <br />