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South Bend <br />Regular Meg <br />6. NEW BUI <br />b. coi <br />C. <br />elopment Commission <br />- December 8, 1989 <br />(Cont-) <br />Mrs. Kolata noted that Resolution No. 901 <br />authorizes the President and Secretary of <br />the Commission to execute the lease in <br />substantially the form presented at this <br />meeting with such changes in form or <br />substance as the President or Vice <br />President shall approve. <br />Mrs. Kolata noted that the rental <br />pa is that the Commission would make <br />to the Redevelopment Authority would not <br />ex $749,000 per year, that they would <br />begin day the project is completed, <br />or July 31, 1991, whichever is later and <br />continue through the term of the lease. <br />The Secretary is directed to transmit to <br />the Common Council a copy of this <br />resolution and to file an ordinance <br />approving the lease. The President, Vice <br />President and Secretary are authorized to <br />file a petition for approval of the lease <br />with the State Board of Tax Commissioners <br />after the passage of the ordinance by the <br />Commbn Council. <br />Mrs. Kolata reminded the Commission that <br />the figures in the lease, including the <br />lease payment, are based on high <br />estimates and we hope to come back with <br />lower costs and a lower lease payment. <br />Upon a motion by Mr. Donoho, seconded by <br />Mr. Piasecki and unanimously carried, the <br />Commission approved Resolution No. 901 <br />authorizing the execution of a lease for <br />certain land and public improvements on <br />beh4f of the City of South Bend and <br />regatdinq other related matters. <br />-10- <br />COMMISSION APPROVED RESOLUTION <br />NO. 901 AUTHORIZING THE EXECUTION <br />OF A LEASE FOR CERTAIN LAND AND <br />PUBLIC IMPROVEMENTS ON BEHALF OF <br />THE CITY OF SOUTH BEND AND <br />REGARDING OTHER MATTERS <br />