RM 07-11-80 - Laserfiche WebLink

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South Bend edevelopment Commission Regular Mee ing - July 11, 1980 4. COMMUNI b. continued.... Mr. Ellison: Yes. The Human Resources Coiwittee will certainly recommend to the City Council the process involved in granting tax abatement. What I am specifically asking is that the way we look at the ordinance; it is eauired of us that we look at particular are es and that is precisely what we did. I sirgly want some guidelines to suggest what we Are to continue to do. S. OLD BUS a. Co ission approval requested to authorize the Executive Director to execute a contract for professional services with Baird & Warner Inc. in connection with the Century Mall Pro'ect. Mr. Ellison: The contract is a revision of the previous contract under which Baird & Warner, for a period of approximately three months, will undertake a number of tasks. Specifically, they will review a variety of existent data and data of a market nature gen rated by Rouse; review the architectural solutions to the mall and to provide some advice to us with respect to aesthetics, operational economics, and other factors. The would do a variety of other functions and for that they would receive compensation at a rate of $3,000 or $4,000 a month or a min fee of $10,000.00. The importance of the Baird & Warner contract is that it is essential that the City and all the various agencies who are involved in trying to co lete the mall project have a retail lessor's expertise involved in the project at this point. In addition, we need to have re- evaluated the economics of the retail portion of the project. Baird & Wanier will provide these services and, in a period of approximately eight to twelve weeks, an indication as to whether, in their opinion, the project as proposed can proceed from an economic viewpoint. The $10,000.00 involved is, in my judgement, not many dollars given the value of the se ice because we have been working on the mall project since 1977 and it has F�