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COMMISSIONERS' REGULAR MEETING Page 6 Fridav, December 3, 1976 6.(b) Cbntinued- and execution of Quit Claim Deed for transfer of title thereto, Parcel N2 of 22 -30 and 22 -31, LaSalle Park Project Indiana R -57, to August Cogdell for the sum ;of $602.00. c. Commission approval requested for Lease between the City of South Bend Depart rent of Redevelopment and the South Bend Public Transportation Corporation, a municipal corporation, for the period of January 1, 1977 to and including June 30, 1977, for the premises described as Disposition Parcels 65 and 87 of the Central Downtown Renewal Project IN R- 66 ... said premises to be used as a central bus transfer location... rent for said premises to be the sum of On and no /100 Dollars ($1.00). Mr. C. Wayne Brownell explained that this is the lease with the bus company for the next six months and in this one we have put a pro- vision for terminating the lease on ninety days written notice and also provided for the making of soil borings and other tests during the term of the lease. . Nimtz stated that Mr. Brownell has been Working with Rick Hunt, the itroller of the bus company and we understand that the lease is reeable with them, is that right Mr. Brownell? . Brownell indicated that that is his understanding. Mr. Nimtz stated that he has had no communication from Mr. Lobdell or Mr. Ducomb on this but he presumes the lease will meet with their approval. He also indicated that it was his understanding that Mr. Hunt would like the lease approval at this Commission meeting so they may take it before their board on December 13th. Ms. Janet Allen inquired as to why we negotiate a six months lease, rather than a longer term. The Chair said we are hoping someone will come along who desires to develop this area and since they are agree- able to bringing the lease up every six months, we have no objection to it. Mr. Lindstaedt asked if there has been any indication by business or industry of their interest in acquiring this property at this time. He also asked if we should have to move the bus company out of there at some point in time, has there been any thought about where they would relocate. f bi Brownell stated that the answer to both questions was "yes ". question of where the bus company shall be moved has been studied well over six months. The Chair stated that we have had in- ries concerning this property, that is why we put the "soil borings" in this lease.