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South B�nd Redevelopment Commission <br />Regular Meeting - April 25, 1980 <br />im <br />a. continued... <br />Ms. Derbeck: I was wondering if <br />.ichiana Warehouse was just a local front <br />so that it would not be necessary for them <br />to incorporate in Indiana? <br />Ellison: No. We met all the principals <br />in Michiana Warehouse, and they are real <br />people just as Mr. Kalman is. I am <br />convinced that South Bend Corporation and <br />all its principals are indeed alive and <br />ell. I do think that from our stand- <br />point, as we pursue targets of opportunity, <br />e have to decide along the way how much <br />ressing to do at a point in time. <br />Obviously, there has been a clous hanging <br />over the building with respect to whether <br />or not a real effort would be made to <br />rehabilitate it. Clearly Mayor Parent, <br />since the beginning of the year, has <br />stated his desire to see the building <br />rehabilitated. Today we have actually <br />taken a significant step because the <br />Commission and the Mayor are in concurrence <br />n trying to take the next step. The <br />next step is to execute the standard <br />finding commitments that the Commission <br />would always execute in any real <br />estate transaction. <br />1r. Nimtz: Mr. Ellison, the Mayor is <br />late for an appointment so I want to <br />hank you again Mayor. <br />r. Ellison: Excuse me. <br />. Derbeck: Could you come back in <br />thirty days and say that this couldn't <br />e done? <br />4r. Nimtz: That is correct. <br />. Ellison: At the end of thirty days, <br />theoretically we could try somebody <br />lse or else we could say maybe we can <br />ut public money into it and try to <br />rehabilitate it or try to tear it down. <br />-26- <br />