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South BE <br />Regular <br />6. NEW <br />e. <br />f. <br />nd Redevelopment <br />Commission <br />Meeting <br />- June 12, 1987 <br />BUSI <br />SS (Cont.) <br />Continued... <br />by fire. <br />Mr. Gay is investing almos <br />$32,000 <br />of his own funds in the <br />rehabilitation. <br />The after rehab vale <br />the <br />roperty is $23,800 and Mr. Gay ] <br />been <br />cautioned regarding the <br />over <br />investment. <br />Upon <br />a motion by Ms. Auburn, seconder <br />Mr, <br />Piasecki and unanimously carried <br />Commission <br />approved the bid and loan <br />connection <br />with the Rental Rehab Pro, <br />Commission <br />approval requested for an <br />amendment <br />to the South Bend Central <br />Deve <br />o ent Area Design Guidelines. <br />Mr. <br />Hunt explained that the amendmen <br />a new <br />section covering sign guideline <br />for <br />the South Bend Central Developme: <br />Area <br />Ms. <br />Matthews explained that the inte: <br />the <br />idelines is to insure that sig <br />will <br />be compatible with and ccmpleme: <br />the <br />buildings, as well as to insure <br />level <br />of consistency, clarity and ba; <br />simplicity <br />throughout the downtown. <br />Mr. <br />Hunt noted that the guidelines w. <br />not <br />be imposed on existing signs, bu <br />any <br />new signs to be put up. He also <br />pointed <br />out that as an incentive to , <br />by the <br />guidelines, a requirement for <br />six imd <br />ten year tax abatements for <br />improvements <br />or new building in the <br />downtown, <br />a business must receive De <br />Review <br />approval. <br />Upon <br />a motion by Ms. Auburn, seconder <br />Mr. <br />Piasecki and unanimously carried <br />Commission <br />approved the amendment to <br />South <br />Bend Central Development Area <br />Desi <br />Guidelines. <br />Comm <br />ssion approval requested for an <br />a re <br />nent concerning the location of <br />four <br />dial post clock within the lst <br />Source <br />Center. <br />-7- <br />ie of <br />ias <br />i by COMMISSION A BID AND LOAN IN <br />the CONNECTION WITH THE RENTAL REHAB <br />in PROGRAM <br />jram. <br />is <br />�s <br />it <br />it of <br />is <br />it <br />i <br />;ic <br />_1l <br />on <br />abide <br />the <br />;ign <br />i by COMMISSION APPROVED THE AMENDMENT <br />the TO THE SOUTH BEND CENTRAL DEVELOP - <br />the MENT AREA DESIGN GUIDELINES <br />