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REDEVELOPMENT COMMISSION MEETING MINUTES NOVEMBER 4, 1977 PAGE FIVE 5. OLD BUSINESS (CONT'D The obligations of Redevelopment and the City are; in the event that the investors submit and bid, and the bid is awarded to the investors Redevelopment is obligated to transfer title to the property by April 1, 1980, a year after the deadline of offering the property for bid. In the event the investors submit a bid to purchase the property and the bid is awarded by Redevelopment, the City and /or Redevelopment will be obligated to construct a parking garage or gara i es adjacent to or above the mall area providing at least 700 parking spaces and that City and /or Redevelopment will be obligated to develop the enclosed pedestrian malls related to the shopping mall. Deta'ls with regard to the parking garage(s) and the pedestrian walk Nays are to be worked out prior to the commencement of construc- tion. Some general provisions are: one, that we recognize the invest- ors signing the agreement may change as to individuals and total number of individuals but that will not in any way affect the vali ity of the letter of credit which we will have. Two, this agreement is the sole agreement and the previous proposal of August 1, 1977 is recinded. Three, the agreement will not be effe tive until it is approved by HUD and the Common Council of the City of South Bend. Once the investors, Redevelopment, and the Mayor on behalf of the civil city have all signed the agreement it must go to the Common Council for their approval. and final approval by HUD Area Office. The Common Council in October basically approved the utline of these provisions. If this goes through we have an exis ing contract and then we apply to HUD for the funds. Mr. Wiggins movedfor the approval of this draft agreement supported by Mr. Donaldson and carried unanimously. The president and secretary are- bth authorized to sign this agreement for and on behalf of the Redevelopment Commission. In further old business, Mr. Nimtz asked Mr. Wiggins to prepare a reso ution regarding Mr. Keith Crighton's services in the Housing Bureau because he had certainly done yeoman work for the City. This reso ution was read into the business of the meeting by Mr. Wiggins: (RESOLUTION 548) "Whereas, many people express concern about the myriad problems of urban blight and decay and the social and economic impact upon the lives of people both individually and as a community and, Whereas, some people demonstrate their concern by personal involvement in the process of seeking solutions and, Whereas, a very few people are both willing and able to bring a degree of dedication and leadership that culminates in real measurable progress enriching the life of the community and, Whereas, it has been the good fortune of the South Bend Department of Redevelopment and the City generally to have enjoyed the services of such a man over a span of time in several leadership capacities.