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South Bend R development Commission <br />Regular Meeting July 11, 1980 <br />S. OLD BUS <br />a. conzanuea..... <br />Mr. ira: Mr. Ellison, I have one question <br />on t is contract. This is for three <br />mont s for a minimun of $10,000. Now, say <br />the mall does go through, is this contract <br />good for the mall after it is being built <br />for their advice or do we have to sign <br />anot er contract with them thereafter, and <br />how nuch would that be? Will they get a <br />flat percentage for the total cost of the <br />mall. <br />Mr. Ellison: Whey they get into actual <br />leasing, they will of course want a flat <br />percentage of the leases they bring in. <br />It is frankly the hope and expectation <br />that Baird & Warner might possibly function <br />as a leasing agent for whatever private <br />developer or investor group might <br />actually be involved in the retail portion <br />of the project. If there may be the <br />need for additional services or if we do <br />experience difficulties along the way and <br />find that it has to be carried with the <br />public sector continuing to play a lead <br />role, we then in fact would need to <br />invest some additional dollars. The <br />problem with economic development <br />is that you never know today everything <br />you have to do tomorrow. <br />Mr. Robinson made a motion to approve <br />and authorize the Executive Director to <br />execute a contract for professional <br />services with Baird F Warner, Inc. in <br />connection with the Century Mall <br />project, and that the President and <br />Sec etary be authorized to enter into <br />that agreement, seconded by Mr. Cira, and <br />the motion was unanimously carried. <br />13 <br />COMMISSION APPROVAL <br />GRANTED FOR EXECUTIVE <br />DIRECTOR TO EXECUTE A <br />CONTRACT FOR PROFESSIONAL <br />SERVICES WITH BAIRD & <br />WARNER, INC. IN CONNECTION <br />WITH THE CENTURY MALL <br />PROJECT <br />