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South B�nd Redevelopment Commission <br />Regular Meeting - May 2, 1980 <br />6. NEW (BUSINESS <br />d,e,l & f -- Mr. Ellison continues... <br />situations in which the department <br />was selling land on a time sales <br />basis. We are asking you today to <br />rescind one resolution. I believe <br />it was passed at the last meeting. <br />The rescission request results from <br />additional negotiations with the <br />parties involved in the Ardmore - <br />LaSalle Church of Christ and the <br />Minority Encouragement & Counseling <br />Services Association, Inc., all of <br />which are one and the same. We believe <br />that this is the last time the <br />Commission will have to consider resolutions <br />regarding any of these parcels as this <br />should make this transaction final. <br />Approval of items 6d, 6e, and 6f will <br />finally clear up our most difficult <br />time sales arrangement. <br />Ms. Auburn: Are item 6e and 6f <br />tied in together at all? Are we just <br />processing them at the same time? <br />Mr. Ellison: No. In effect we are <br />going to receive full control of all <br />the parcels listed in 6d and all <br />the parcels listed in 6f. Then, we <br />are going to turn around and resale <br />part of the parcels in 6d (15 -10 <br />thru 15 -13). Based on payments made <br />to us, the Ardmore - LaSalle Church will <br />acquire parcels noted at item 6e <br />outright. Therefore, we will no longer <br />have a time sales arrangement to <br />worry about. <br />Ms. Auburn: Does this Minority <br />Encouragement Inc. still exist; is <br />it still a corporation? <br />Mr. Ellison: To the best of my <br />knowledge, yes. It is a state <br />chartered non - profit organization. <br />-12- <br />