RM 02-01-74 - Laserfiche WebLink

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7. PROGRESS REPORTS (Cont'd c. Avon Theatre Properties: Mr. Ed Bauer submitted a written report in which he advised attorney Joseph Anderson will be drafting the offer to purchase agreement for the property. His clients reside in Detroit and Chicago and need to agree to the terms. It will then be sent to the trustees handling the Avon properties. The paperwork should be completed by early next week. The contractor bids will have to be updated. He hesitated thinking with all of our construction activity in that block he didn't think we wanted additional workers cluttering the Avon Theatre site. We notified him that this would not interfere with the Plaza construction schedules. This is a private transaction. Our involvement is only the recommendations we have made on what is needed to bring the property up to standard. About three months ago we got four bids for this work. Everyone agrees the work should be done. The tenant with the ultimate owners of the property are willing to do the work. The delay has been a matter of get- ting the prospective buyers together for the purchase agreement. AVON THEATRE PROPERTIES d. Sign Committee Report: Ed Bauer advised the Sign Com- SIGN COMMITTEE REPORT mittee met on Thursday, January 24, to review the canopy sign construction proposed for the River Bend Plaza side- walk system. The interior illiminated sign box will be fabricated locally by North American Signs, formerly known as South Bend Neon. The panel face will appear as one continuous piece of metal to be punctuated with tenant names and backed up with white Plexiglas. One continuous fluorescent tube will internally light the tenant names. The canopies will be wired so that addi- tional individual signs can be installed under the canopy perpendicular to the business store fronts. The Sign Committee also reviewed a request from Dan Akin, Clyde E. Williams & Associates, Inc., to remove the pro- jecting signs that are in conflict with the canopy system, which are: Baer's Home Outfitters; Necci Sewing Center; Drumville/Guitarland; Carson Shoes; and Macri Jewelers (revolving clock). Two of the signs are to be removed and stored with the exception of the Macri's clock which is to be re- installed and raised 24 inches. This work will be done by the North American Sign Company and at Redevelopment cost for this project. The Necci and Drumville signs are our property and are to be scrapped. Ed advised he has only received one bid to date and is waiti.ng,for another which has been promised for submission next week. The two stored signs will be reusable when the canopy system goes up for new use. Mr. Bauer re- - 11 -