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South Bend ]Redevelopment Commission <br />Regular Mee ing - December 11, 1987 <br />6. NEW BUS�NESS (Cont.) <br />b. Continued... <br />Mr. Nimtz noted that there were no <br />remonstrances filed as of 10:00 a.m. <br />There were no additional comments from <br />the public so Mr. Nimtz concluded the <br />Public Hearing for any action the <br />Comnission desires to take. <br />c. Com�ission approval requested for <br />Upo a motion by Ms. Auburn, seconded by <br />Mr. Combs and unanimously carried, the <br />Commission approved Resolution No. 824. <br />Mrs Kolata noted that copies of the plan <br />are available for anyone who is <br />Mr. Piasecki passed on a comment made to <br />him that the plan was good, but the <br />situation should have been corrected <br />years ago and not let deteriorate to <br />tod v's conditions. <br />d. Coinnission approval requested for <br />Amendment to Lease with Center Ci <br />Associates, Inc. for Parcel C9 -1. <br />Mr. Hunt explained that Parcel C9 -1 is <br />the lot immediately north of Inwoods <br />which we are currently leasing to Center <br />Cit17 Associates, who is sub- leasing to <br />Holladay Corporation for parking for One <br />Mic iana Square. <br />Mrs Kolata explained that CCA was given <br />a Uiree year lease with two one year <br />options. Exercising those options, CCA <br />cou d sublet the lot until 1991. The <br />permanent financing for One Michiana <br />Square is being put into place and <br />Holladay Corporation is requesting that <br />the lease be extended to 1992. The <br />amendment today would extend the lease <br />through December, 1990 and then there <br />wou d be two one -year options. <br />W12 <br />COMMISSION APPROVED RESOLUTION NO. 824 <br />