RM 01-18-74 - Laserfiche WebLink

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6. NEW BUSINESS (Cont'd) The cther item is the understanding and intent of the parties that it is in the public interest to provide at least one central transfer point for 'bus passengers within the down- town business area. If the Lessee determines that the subject premises are appropriate as one such transfer point, it is the understanding and intent of the parties to work towards a per anent development of the grade level of the premises as a per anent bus transfer point for the downtown business area. As soon as this Commercial Lease is executed, the South Bend Public Transportation Corporation will pay for the above im- prove ents, as approved in their meeting. On motion by Mr. Wiggins, seconded by Rev. Williams and unani- MOUS4 carried, the Commercial Lease with the South Bend Public Trans ortation Corporation was authbrized, as noted above, for execu ion. 1. Agreement with South Bend Public Library: Authori- zatiol for the execution of an Agreement with the South Bend Publi Library was requested to mutually agree pursuant to the p ovisions of Section 3 of Article I of the Contract for S le of Land for Redevelopment by a Public Body entered into etween the parties hereto on September 21, 1973, the Grantor shall deliver to the Grantee the deed and possession of the Property which is the subject of said Contract and described in Schedule A, as Disposition Parcel No. 8 -17, containing 10,943.67 square feet. The sale price of this land as $79,888.79. The South Bend Public Library has five years to begin con- struction and seven years to complete. They will need to receive approval from the Urban Design Committee for the building concept and then before the Redevelopment Com- missioners for approval. On motion by Rev. Williams, seconded by Mr. Wade and unani- mously carried, the above Agreement was approved with the South Bend Public Library and the President and Secretary authorized to execute. e. Quit -Claim Deed for Disposition Parcel No. 8 -17: Authorization was requested for the execution of the Quit -Claim Deed, for the above, on or before March 1, 1974, for Disposition Parcel No. 8 -17, R -66. This d cument was prepared by our Legal Counsel and approv 1 was requested for the President and Secretary to exe ute. On mo 9 on by Rev. Williams, seconded by Mr. Wade and unani- mously carried, the above Quit -Claim Deed was approved for execution. - 11 - SOUTH BEND PUBLIC LIBRARY AGREEMENT AUTHORIZED, R -66 QUIT- CLAIM DEED, DISPOSITION PARCEL NO. 8 -17, R -66