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ESM 10-17-79
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ESM 10-17-79
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South Bend 4ecial edevelopment Commission <br />Emergency Meeting - October 17, 1979 <br />1. (continued)... <br />th m of this emergency meeting; <br />2. By posting a copy of the notice of this <br />em rgency meeting at the main entrance of <br />th principal office of the Redevelopment <br />Commission; and <br />3. By telephoning all news media which have <br />fi ed written requests for notice of <br />meetings with the Redevelopment Commission <br />to inform them of this meeting. <br />The resident concluded that the meeting had been <br />duly callel in accordance with the rules of the Redevelopment <br />Commission and Indiana Code 5- 14 -1.5 and ordered a copy of the <br />notice fil d with the records of the Redevelopment Commission. <br />2. NEW BUSINESS <br />Mr. E1 ison: The Redevelopment Commission held a special <br />meetin on September 27, 1979, during which Resolution <br />#592 w s passed authorizing the execution of a Lease <br />Agreem nt with RAHN Properties II relative to Disposition <br />Parcel No(s) 4 -1, 4 -31, and 4 -32 in IND. R -66. <br />At thar meeting, Mr. Butler read the provisions of the <br />lease agreement between the Department and RAHN <br />Properties II. The Commission approved the lease <br />and al owed Legal Counsel certain latitude to refine <br />the do ument, but indicated that should a change of <br />substa tial nature be necessary, that change would need <br />Commis ion approval. Based on the apparent need for <br />such a proval, an emergency meeting was called for <br />today. <br />Mr. Bu ler: The developers, RAHN Properties II, a <br />partne ship comprised of two general partnerships, <br />AETNA nsurance Casualty Company, and a number of <br />indivi uals, have requested certain changes to the <br />Lease greement. Today's meeting has been called <br />to dis uss those changes as the closing is scheduled <br />for to orrow (October 18, 1979) and Friday, (October 19, 1979) <br />in Chi ago. A number of the changes are simply formal <br />change;, but since we are meeting, we might as <br />well a prove those as well as the substantial <br />change . <br />-2- <br />DISCUSSIONS HELD CON- <br />CERNING LEASE AGREE- <br />MENT CHANGES WITH <br />RAHN PROPERTIES II <br />
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