RM 09-19-75 - Laserfiche WebLink

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5. OLDIBUSINESS (Cont'd paper - processing factory of some sort. They had a take -down time of four years, and they have agreed to reduce that to three, avoid- ing the problem we had with four years, which would require HUD approval. Those are the three (3) points, I believe, that we had and they have all been cleared up by agreement of the proposals." Commissioner Wiggins said that inasmuch as this has been resolved and this brings it within the basic requirements that were esta- blished in the first place he would make the motion, that the only bid which was received for Disposition Parcel 6 -1, Project Indiana R -66, being technically not acceptable and now being rejected, but subsequent negotiations with the redeveloper which submitted the bid - -the St. Joseph River Bend Development Corporation -- having resulted in a satisfactory and acceptable redevelopment proposal for said Parcel 6 -1, said redevelopment proposal is hereby accepted, and the Legal Counsel and Executive Director are directed to negotiate and prepare a contract for the sale and redevelopment of said Parcel 6 -1 to be submitted to the Redevelopment Commission for final approval and execution at the next meeting of the Redevelopment Commission if possible. Said motion was seconded by Mr. Donaldson and carried. President Nimtz added, "Now, I might say to you, gentlemen, after I reviewed this yesterday afternoon, I talked to several other people in this other group. Mr. Cressy is known to them and is highly re- garded by them, and I don't know whether this has got to Mr. Taylor or not, because I didn't get a chance to talk to him last evening, but they would be interested in talking with you, gentlemen, if you would be interested in talking to them." As to whether that had gotten to Mr. Taylor or not, Mr. Taylor said it had not. Commissioner Wiggins further added, "I would like to say, by way of comment to these SSPF gentlemen, that we .certainly appreciate your interest, and this is a very impressive track record that you have presented here. If there is any way that you can be involved in the future development of South Bend, we would certainly welcome you." The question was raised by the news media if the Commission is imply- ing that SSPF, Inc.and St. Joseph River Bend Development group get together, and President Nimtz advised they are not suggesting any combination or anything like that. However, if they have some potential clients, interest, etc., perhaps this group could use them. Request for the dates for start of construction, first take -down, etc., by Ms. Derbeck, Mr. Brownell advised the schedule for the St. Joseph River Bend Development Corporation is: 6 -1 A: Restaurant: 2.11 acres. The take -down is one 1) year from date of contract and 18 months for completion of construction. �9