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6. NEW BUSINESS (Cont'd <br />C. Commercial Lease With South Bend Public Transportation <br />Corporation: Commission authorization was requested to <br />enter into Commercial Lease with South Bend Public Transpor- <br />tation Corporation, for use of Disposition Parcel Nos. 4 -65 <br />and 4 -87, as a central bus transfer location, from July 1, <br />1975, to and including December 31, 1975, in amount of $1.00, <br />Indiana Project R -66. <br />We have met with Mr. DuComb and discussed again the possi- <br />bility of the Bus Company building on this property and pur- <br />chasing the land from the Commission and he is going to take <br />it up with the Board. <br />This lease will be for another six months, and Mr. Butler <br />advised unless someone indicates any interest in that property, <br />the Bus Company intends to discuss that and may submit a pro- <br />posal to the Commission. <br />Mr. Donaldson moved for the authorization of the above Com- <br />mercial Lease with the South Bend Public Transportation Corpo- <br />ration from July 1, 1975, to and including December 31, 1975, <br />in amount of $1.00. Motion was seconded by Mr. Wiggins and <br />carried. <br />Legal Counsel will prepare the Commercial Lease. <br />d. Commercial Lease with South Bend Parking Company: Commission <br />authorization was requested to enter into Commercial Lease <br />with the South Bend Parking Company, for use of Disposition <br />Parcel No. 20 -2, located at the southeast corner of inter- <br />section of Wayne and Michigan Streets, for surface parking, <br />on a month -to -month basis, in rental amount of $625.00 per <br />month, beginning July 1, 1975. <br />Mr. Butler advised we have acquired this property through <br />condemnation and we are ready to enter into a lease agree- <br />ment with the South Bend Parking Company. <br />Commissioner Wiggins asked if the rental fee is the same <br />figure they paid the previous owner and if it is Legal <br />Counsel's recommendation we go along that basis, with Mr. <br />Butler answering in the affirmative to both questions. <br />South Bend Parking had previously been leasing this land <br />from First Bank & Trust Company. <br />Mr. Wiggins moved for the authorization of the above Com- <br />mercial Lease with the South Bend Parking Company, on a <br />month -to -month basis, in rental amount of $625.00 per month, <br />commencing July 1, 1975. Motion was seconded by Mr. Donald- <br />son and carried. <br />- 10 - <br />COMMERCIAL <br />LEASE APPROVED <br />WITH SOUTH <br />BEND PUBLIC <br />TRANSPORTATION <br />CORP., R -66 <br />COMMERCIAL <br />LEASE APPROVED <br />WITH SOUTH <br />BEND PARKING <br />COMPANY, R -66 <br />