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South B nd Redevelopment Commission <br />Regularl Meeting - May Z, 1980 <br />6. NEWI BUSINESS <br />C. <br />continued... <br />Ms. Derbeck: To put it in a nutshell <br />does this mean that Oscos will be doing <br />business in the mall for awhile? <br />Mr. Cira: Five more years for sure. <br />Mr. Nimtz: I would assume that as <br />long as it is profitable to stay there, <br />they are going to stay there. <br />Mr. Butler: Until the property is <br />ready for demolition. What we are simply <br />talking about now is the revisions of <br />the lease terms. <br />Mr. Cira: Mr. Butler, they did sign a <br />five year lease didn't they? <br />Mr. Butler: They have exercised their <br />five year option. <br />. Derbeck: They signed the lease before <br />a acquired the property? <br />Butler: Yes. Their leases have been <br />effect since 1953 and 1961. <br />Nimtz: We took the property subject <br />the lease, and now we have renegotiated <br />lease. <br />Cira made a motion for the approval, and <br />thorization of signatures, for the amend - <br />nts to the lease agreements between Osco <br />ugs, Inc. and the Department of Redevelop - <br />nt, City of South Bend, seconded by <br />. Donaldson and the motion was unanimously <br />rried. <br />. Robinson made a motion to approve the <br />xture agreement between Osco Drugs, Inc. <br />I the Department of Redevelopment, City of <br />uth Bend, seconded by Mr. Cira, and the <br />Lion was unanimously carried. <br />Mr. Elli on: Items 6d, 6e, and 6f are all related, <br />therefor o, I feel they should be read in order and <br />consider d at one time. <br />-10- <br />MOTION PASSED FOR THE <br />APPROVAL OF AMENDMENTS <br />TO LEASE AGREEMENTS WITH <br />OSCO DRUGS, INC. <br />MOTION PASSED FOR THE <br />APPROVAL OF FIXTURE <br />AGREEMENT WITH OSCO <br />DRUGS, INC. <br />