RM 09-30-85 - Laserfiche WebLink

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South Bend edevelopment Commission Rescheduled Regular Meeting - September 30, 1985 7. PROGRESS REPORTS (Cont.) buildinj to Colonial Caterers in May of 1985. The tit Le for the property has not been transferred. It was in the executing of the documen s that the staff realized there was a problem. The documents had not been returned by Colonial. It was upon following up on the documents with Mr. Fedder that the staff was informel that the bidder was unable to proceed with the project and would ask to be released from th it obligations. The staff recommendation is to rescind the award oE the bid to Colonial Caterers for the L. Keen building and ask the other two bidders if they would still be interested in the project. Ms. Aub= stated that it was regretful that ColoniaL Caterers must withdraw their bid because it was a good project. Ms. Auburn further stated that it is the policy of the ConTniss ' on that performance bids not be returneo if a developer withdraws from a bid. Upon a motion made by Ms. Auburn, seconded by Mr. Don ho and unanimously carried, the Commission rescinded award of the bid to ColoniaL Caterers for the L. Keen building, directe3 that the bid bond be forfeited, and that the staff approach the other two bidders to see if they are still interested in the project. Mr. Nimtz noted the regrets of the Commission due to great anticipation about the Colonial Caterer E;' project. The Commission is hopeful that Mr. Rubin will appear again before the Commission based on his good reputation within the co unity. Mrs. Ko ata further reported that Jon Hunt, F. Jay Ni z, Richard Hill, Eugenia Schwartz and some of ers from the City represented the Redevelopment Commission in front of the Local Propert Tax Control Board on September 27, 1985 co cerning the Tax Incremental Financing Bond. The hearing went well and the Local Propert Tax Control Board is going to make a -17-