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South Bend redevelopment Commission <br />Rescheduled Regular Meeting - July 24, 1981 <br />6. NEW BUSINESS (continued) <br />g. Com ission ratification requested for Polity of <br />Man event of Ac aired Propert `for the East'Bank <br />Dev lopment Area. <br />Mrs Kolata stated that we have a similar policy for <br />the Monroe - Sample area, but neglected to come before <br />the Commission to adopt this policy for the East Bank <br />Development Area. It sets down the policies we have <br />when we acquire a property and outlines procedures <br />for collection of rent, refunds, credits, maintenance <br />and service, etc. <br />Mr. Robinson made a motion, seconded by Mr. Donaldson POLICY OF MANAGEMENT OF <br />and unanimously carried, to ratify the Policy of ACQUIRED PROPERTY ADOPTED <br />Management of Acquired Property for the East Bank De- FOR EAST BANK DEVELOPMENT <br />vel pment Area. AREA <br />h. Commission approval requested for amendment'to Polic <br />of'Plana ement�of'Ac wired Pro ert 'for the East'Bank <br />Dev to meat Area. <br />Mrs Kolata asked that the Policy of Management for <br />Acq fired Property in the East Bank Development Area <br />be amended to allow for negotiation of rental rate <br />witf the property user. All leases will have to <br />comq before the Commission for approval. <br />Mr. Cira made a motion, seconded by Ms. Auburn and <br />una imously carried, to amend the Policy of Manage- <br />meni for Acquired Property in the East Bank area to <br />allow for negotiation of rental rate with the property <br />user. <br />i. Commission approval requested for the following leases <br />in the Monroe= Sample Developmment -Area. <br />Mr. McMahon stated that the rental rates reflect either <br />one per cent of the purchase price or, in the case of a <br />rental unit, the previous rental rate. In all cases, <br />the first payment is not due for 60 to 90 days after <br />our agreement is signed. <br />Mr. <br />and <br />leas <br />POLICY OF MANAGEMENT OF <br />ACQUIRED PROPERTY FOR EAST <br />BANK DEVELOPMENT AREA <br />AMENDED TO ALLOW NEGOTIATION <br />OF RENTAL RATE WITH PROPERTY <br />USER <br />)onaldson made a motion, seconded by Mr. Robinson COMMISSION APPROVED LEASES <br />unanimously carried, to approve the following WITH RESIDENTS IN MONROE- <br />?s in the Monroe- Sample Development Area. SAMPLE DEVELOPMENT AREA <br />15 <br />