Laserfiche WebLink
South Bend <br />Regular Me <br />RM <br />elcgrent Commission. <br />- October 11, 1991 <br />a. conzinuea... <br />acqAre property that's already been <br />acqAred once and resold? If it's owned <br />by le who are involved in the <br />bui ding next door, let them sell it. <br />Why does the City want to get involved in <br />scrrikhincr like that? <br />MR. HUNT: Jim, you said the people who <br />own the building next door own the <br />MR. CRONK: Is that a true statement? The <br />res urant, Senor Kelly's, is not owned <br />by a same people as the lot? <br />MR. HUN!': No. The building that Senor <br />Kel Ly 's was in is owned by a trust, <br />represented by 1st Source Bank. The <br />parmership that is here today owns the <br />parcing lot. The building on the corner <br />is owtied by Allen Schrager. So you have <br />the partnership, Schrager, and then the <br />building that Kelly's was in owned by <br />Tharas Oare Trust, managed by 1st Source <br />What the trust owns includes the <br />nain building (Kelly's), the small <br />building next door, and Coney Island's <br />MR. DAVIS: If you are going to proceed <br />wit this, how soon would we know the <br />offering price? We are concerned because <br />we ve taxes coming up next month and we <br />were in a position to sell the lot and <br />pay the taxes and walk away fran it. <br />Now, this is all disintegrated to the <br />po' t where I guess we're going to have <br />to came up with tax money if this is not <br />settled before the time that we're able <br />to settle the taxes. How long will it <br />take before the Commission makes an offer <br />for the property? <br />NS. MWIER: We're not taking any action <br />here to acquire. At this point, all we <br />are doing is &T ending the Plan and <br />there's nothing in this resolution today <br />ME <br />