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South Bend 4ecial edevelopment Commission Emergency Meeting - October 17, 1979 2. NEW BUSINESS (continued) Mr. Butler: I think maybe for purposes of perspective, these requested changes were not unanticipated. I am not surprised at all that they requested them. It is not an unusual situation when you are dealing with or negotiating with a partnership for the partners themselves to be exonerated or exculpated from 1iabil ty. Again, for purposes of perspective, I have been involved in the transaction for about a month and a half. In talking with Mr. Brunner, who has been involved in this project for 2Z years, attorneys who are representing the lender, and the attorneys who are representing the developer RAHN Properties, and of course, the people with First Bank, have all stated that this is one of the most complex transactions that they have ever been involved in. It is extremely complex, and as a result, it is inevitable that some requested changes will occur as the transactions are being constantly structured towards its final form. Ms. Auburn made a motion to approve the above modifications in the lease agreement with RAHN Properties II relative to Disposition Parcels No(s) -1, 4 -31, and 4 -32, seconded by Mr. Robinson, and the motion was unanimously carried. 3. NEXT COMMISSION MEETING The ne t regularly scheduled South Bend Redevelopment Commis ion Meeting will be held on October 19, 1979, at 10: 0 a.m. 4. ADJOURINME There Commis be adj was un at 11 : ieing no further business to come before the ion, Ms. Auburn made a motion that the meeting ,urned, seconded by Mr. Robinson, and the motion .nimously carried. The Meeting was adjourned 'S A.M. CHANGES IN LEASE AGREEMENT WITH RAHN PROPERTIES II APPROVED NEXT COMMISSION MEETING ADJOURNMENT UIXA-T z, President Carl Ellison, Executive Director -7-