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South Bent Redevelopment Commission <br />Regular Meoting - April 12, 1991 <br />CV <br />a. continued... <br />EPT BENKO: 1521 Renfrew. The <br />chase of that, will that be included <br />the current $5 million. <br />KOLATA: We're not purchasing <br />thing at the present time. <br />I realize that, but... <br />KOLATA: Probably not. <br />MR�HE W: Will there be an additional <br />bo issue? <br />MRS. KOLATA: Well, or we'd have to find <br />an additional source of funds. We're <br />still somewhat early in our spending. It <br />woLLId legally be permissible out of our <br />borxi issue, but whether we would have <br />en money in there for additional <br />acciuisition or not, we don't know. <br />BILL LANG: I have a business at 715 S. <br />Midbigan Street. What bothers me is that <br />if we let this thing go in, it gives you <br />the right of condemnation. And what you <br />say at the table today here is one <br />Tieth. What happens two years from now, <br />e tirement, leaving for other <br />yment, or what have you, new <br />tors may have other ideas and we've <br />cat out of the bag, so to speak. <br />Cmi you name some of the advantages that <br />the existing businesses have, what might <br />be done to help them? Most of us have <br />done it on our own without tax <br />tal financing or any type of <br />oulzide help. We've had to do it on our <br />We weren't doing too bad until <br />November of 1988. After that, it was a <br />d slide. Take 518 S. Michigan <br />Street and plant it out there somewhere <br />scp4th in the farmland. It would help <br />ve3tV much. <br />KOLATA: Some of the advantages to <br />ng in the redevelopment area are: 1) <br />-8- <br />