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South Bend edevelopment Commission <br />Rescheduled Regular Meeting - June 27, 1990 <br />5.9 <br />7. <br />r. <br />Mr <br />Mr. <br />to his <br />Mr. <br />Mr. Cr <br />tenant <br />Mrs. <br />we a <br />does <br />the <br />(Cont.) <br />Kolata explained that Resolution <br />947 authorizes reimbursement for <br />ay spent before bond proceeds are <br />ilable for the same kinds of expenses <br />bond would be used for. <br />a motion by Mr. Combs, seconded by <br />Donoho and unanimously carried, the <br />fission approved Resolution No. 947 <br />Lorizing the reimbursement of the <br />cession and the City for payments of <br />ssary preliminary expenses actually <br />erred preliminary to the issuance of <br />vvelopment District Tax Increment <br />nue Bonds out of the proceeds of the <br />• 94 RES0=CN OF i <br />SOUTH BEND REDEVELOPMENT <br />COMMISSION ADT•- I 1 <br />REIMBURSEMENT OF I COMMISSION <br />• • THE CITY FOR PAYVENTS OF <br />NECESSARY PRELIMINARY EXP <br />ACTUALLY INCURRED -' Ei III /• ' • <br />THE ISSUANCE OF REDEVELOPMENT <br />DISTRICT TAX INCRIH11ENT REVENUE :• I. OUT OF i PROCEEDS OF i <br />BONDS <br />k commented on item 6.1. which PROGRESS REPORT'S <br />as the demolition of the Transwestern <br />. Mr. Cronk is interested in <br />ng the Transwestern building for his <br />business. He has not had a response <br />: indicated that he has a bid to <br />the wooden part of the Transwestern <br />at a reasonable cost. <br />also noted that he has a potential <br />r the remainder of the Transwestern <br />and would like to proceed with <br />n on developing the building. <br />L responded that the contract that <br />to Cole Associates is not for <br />but for writing the demolition <br />ons. She stated that the contract <br />eclude that one or both ends of <br />g will stay up. Cole Associates <br />-33- <br />