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South Bend edevelopment Commission <br />Rescheduled Regular Meeting - June 17, 1988 <br />6. NEW BUSTNESS (Cont.) <br />c. Continued— <br />Mrs. Kolata explained that this is the <br />property on which the parking facility is <br />to be constructed. According to the <br />terms of the Commission's lease with <br />South Bend Parking Company, there is no <br />specified time required for Notice of <br />Termination. However, we intend to <br />require them to vacate by July 15, paying <br />one half month's rent for July l through <br />Jul 15. <br />Upon <br />a motion by Mr. Combs, seconded by <br />Mr. <br />Donoho and unanimously carried, the <br />Co <br />ssion authorizing the staff to send <br />Notice <br />of Termination of Lease to South <br />Bend <br />Parking Company requiring that South <br />Bend <br />Parking vacate the property by 5:00 <br />p.m. <br />on July 15, 1988. <br />d. Ado <br />tion of Resolution No. 848, a <br />res <br />lution of the South Bend <br />Redevelopment <br />Commission approving <br />modifications <br />to and execution of a Lease <br />between <br />the South Bend Redevelopment <br />Authority <br />and the South Bend <br />Redevelopment <br />Commission for the Stanley <br />Coveleski <br />Regional Stadium and regarding <br />othe <br />related matters. <br />Mrs. Kolata explained that Resolution No. <br />848 is similar to Resolution No. 846 <br />pertaining to the lease for the parking <br />facility. The lease for Stanley <br />Cove eski Regional Stadium has been <br />approved by the South Bend Common <br />Council, the Local Property Tax Control <br />Board and the State Board of Tax <br />ConmLssioners. The resolution modifies <br />the Lease, approves the modified lease, <br />and authorizes publication of notice of <br />execution and approval of the lease in <br />the Tri-County News and South Bend <br />Tribime on June 17. The lease amount is <br />still set at the maximum $1,000,000 per <br />year until the interest rate of the bonds <br />is khown. <br />-5- <br />COMMISSION AUTHORIZED STAFF TO <br />SEND NOTICE OF TERMINATION OF <br />LEASE TO SOUTH BEND PARKING CO. <br />