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August 31, <br />10:00 a.m. <br />Presiding <br />1. ROLL <br />Legal <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />SPECIAL MEETING <br />1984 1200 County -City Building <br />227 W. Jefferson Boulevard <br />Eficer: Mr. F. Jay Nimtz South Bend, Indiana 46601 <br />President <br />Present: Mr. F. Jay Nimtz, President <br />Mr. Roman J. Piasecki, Assistant Secretary <br />Mr. Michael Doncho, Member <br />Absent: Ms. Paula Auburn, Vice President <br />Mr. A. Peter Donaldson, Secretary <br />Ms. Eugenia Schwartz <br />Redevelopment Staff: Mr. Jon R. Hunt, Executive Director <br />Mrs. Ann Kolata, Executive Deputy Director <br />Mr. Rick Pitts, Econ. Dev. Specialist <br />Ms. Denise Sullivan, Office Manager <br />Bureau bf Housing Staff: <br />Mr. Paul Cornell, Rehab Specialist <br />News Media: Ms. Jeanne Derbeck, South Bend Tribune <br />Ms. Judy Peter, WSBT -TV <br />Mr. Gary Sieber, WNDU -TV <br />Mr. Brent Speraw, WXMG Radio <br />2. New Business <br />a. Comnission approval requested for Resolution <br />No. 716 approving the fair re -use value of <br />land in the Central Downtown Urban Renewal <br />Are &, R -66. <br />Mr. Hunt explained that Resolution No. 716 <br />set3 the fair re -use value of land for <br />DisDosition Parcel 4 -42, 4 -43 and part of 4 -44 <br />together with a parking garage to be <br />con tructed thereon for a total of <br />approximately 109 spaces on two levels. The <br />approximate size of the land is 26,574 square. <br />Re-use valuation is established as an annual <br />lease payment of $28,740, and a purchase <br />option of $912,000 with all lease payments <br />made attributed to the purchase price. The <br />pro sed re -use would be a commercial parking <br />garage to service a development project on <br />Courthouse Square. The Redevelopment <br />Comnission will construct the garage. <br />