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South Bend I Redevelopment Commission <br />Regular Me ting - September 9, 1988 <br />6. NEW UINESS (Cont.) <br />e. continued... <br />d. <br />be asking for an extension to the <br />In ustrial Revenue Bonds from the <br />Eccncmic Development Commission. <br />Kolata explained that the request <br />is to extend the Start Construction <br />data from September 15th to December <br />231d. She indicated that Can Am feels <br />confident that they will have a firm <br />ccnmitment, without contingencies, <br />within one week and they will then <br />close on the extension of the Bonds. <br />If they don't extend the Bonds by <br />September 15th this contract is <br />ted and the land will be <br />available for other development. <br />Mr. Nimtz thanked Ms. Weber for her <br />caamitment to the project and <br />re0omme.nded that the Commission <br />ap a the Amendment. <br />U a motion by Ms. Auburn, seconded <br />by . Piasecki, the Commission <br />app oved the Third Amendment to <br />Co ct for Sale of Land for Private <br />Dev a0pMent for Parcel E1 -1 in the <br />Souph Bend Central Development Area. <br />Mrs. Kolata noted that in preparation <br />for accepting proposals for the sale <br />of a Transwestern Building, the <br />Camnission needs to address the <br />environmental issues. Three proposals <br />havo been received to conduct an <br />envixonmental assessment. <br />Mr. Pocius noted that there are two <br />being proposed for the <br />env' onmental assessment: (1) <br />assessment of the Transwestern <br />Building site itself and (2) <br />-7- <br />• f I • "' • � 1 t1' � <br />1�1 �. ICI • • • - • <br />IAND FOR PRI= DEVELOPMENT FOR <br />PARCEL E1-1 IN THE SOUTH BEND <br />DEVELOPMENT <br />