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3 5. ICATIONS (Cont'd 2) Is it closer to the requirements than the other two bids? Commissioner Wiggins advised with respect to bids, there was a time set for bids to be received and a cut -off point, so there is no possibility of anyone bidding under the terms of the bid that was advertised. We are now talking about proposals, not bids. 3) Have the conditions of that original bid been changed, or are they still at the original point that they were? Commissioner Wiggins advised the land use has not been changed, and the land use is what it was, as stated in the bid proposal, and that what these gentlemen are proposing is within the scope of the land use requirements. The price also has not been changed. OLO BUSINESS a. Block 6 Status Report, Project Indiana R -66: Mr. Kevin J. Butler, Commission Legal Counsel, gave the following report: "We have had rather extensive negotiations with the St. Joseph River Bend Development Corporation over the past two months, and especially within the past four weeks. We are at a point where we are re- commending to the Commission that they accept the proposal as negotiated between the staff on the one hand and St. Joseph River Bend Development Corporation on the other, and that the staff be authorized to negotiate and prepare a final redevelopment contract for the sale and redevelopment of Disposition Parcel 6 -1 with that group." President Nimtz advised they were in negotiations yesterday for over three hours concerning this matter, and that the Chair con- curs with Mr. Butler's analysis and recommendation, and asked for a motion. Commissioner Wiggins responded, "As one who was not a party to the negotiations, let me raise a point of inquiry. Is it your view- - yours and whoever else was present in these negotiations- -that the matters that caused the concern in the first place, have they now been resolved to your satisfaction ?" Mr. Butler answered in the affirmative and requested Mr. Brownell to respond specifically to that. Mr. Brownell said, "They have agreed that they will withdraw their request to construct a drive -up bank facility and substitute a branch bank at this location and that an application would be made to the state banking authorities requesting permis- sion to operate a branch. They would have drive -up facilities as all other branches do. But that the other point- -the matter of the park - -the stipulation in their bid, that it be made contingent on the Department of Redevelopment developing Disposition Parcel 6 -2 in its entirety, has been withdrawn, and they state we are agree- able to changing the language as long as we are sure that the de- signated land use is for public park. The third item was the matter of time of take -down on Disposition Parcel 6 -1, (D), which is a PARCEL 6 -1 REDEVELOP- MENT PRO- POSAL AC- CEPTED, ST. JOSEPH RIVER BEND DEVELOP- MENT CORP., R -66