RM 09-27-91 - Laserfiche WebLink

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South Bend Regular Meei 6. NEW BUS: e. coni 7 8 elopment Commission - September 27, 1991 (Cont.) Mrs Kolata noted that there are seven leases, all similar. They are for the sur ace parking lots on Washington between Michigan and St. Joseph Streets; at Main and Western; and Michigan Street, known as the Baer's lot; and for the four storefronts in the State Theatre. The leases are with Center City Associates and the rent is $1.00. Provisions in the leases include that CCA may not sublease the properties without the approval of the Commission and that all lease terms must carry forward in a sublease. The leases provide for 30 -day termination notice. The term of the leases is September 1, 1991 to December 31, 1991, renewable yearly. The leases for the parking lots spell out how the money may be used. A separate document with CCA spe is out how the rent from the State Theatre storefronts may be used. The leases are substantially the same as tho a we have had with CCA for these pro erties in the past. Upoil a motion by Mr. Faccenda, seconded by Mr. Combs and unanimously carried, the Commission separately approved the leases for C4 -3 and C4 -30, C9 -2, C8 -7 and C8 -9, and the four storefronts in the State The tre, all in the South Bend Central Dev lopment Area. Mrs. Ko ata reported that we are optimistic that th demolition of the Transwestern Buildin will resume the week of October 7, 1991. The nex Regular Meeting of the Redevelopment Commiss on is scheduled for October 11, 1991, at 10:0 A.M. -11- COMMISSION APPROVED THE COMMERCIAL LEASES WITH CENTER CITY ASSOCIATES FOR PARCELS C4 -3 AND C4 -30, C9 -2, C8 -7 AND C8 -9 AND THE FOUR STOREFRONTS IN THE STATE THEATER, ALL IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA PROGRESS REPORTS NEXT COMMISSION MEETING