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RM 10-25-91
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RM 10-25-91
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South Bend edevelopment Commission <br />Regular Mee ing - October 25, 1991 <br />6. <br />(Cont.) <br />f. continued... <br />a <br />own the properties. It calls for <br />redevelopment of the properties according <br />to the plans approved by the Design <br />Review Committee. It is the intent to <br />lease the properties to low and moderate <br />inc me people. <br />Mr. Piasecki declared a conflict of <br />in rest due to his membership on the <br />boa d of the Housing Development <br />Co oration. <br />Ms.1Auburn transferred the chair to Mr. <br />Pia ecki. <br />Upon a motion by Ms. Auburn, seconded by <br />Mr. Combs and unanimously carried, the <br />Commission approved Resolution No. 1023 <br />approving and consenting to the Sub -Lease <br />of Real Property by the City of South <br />Ben , Indiana, to the Housing Development <br />Co oration of St. Joseph County, Inc. <br />Mr. Piasecki voted present. <br />Mr.IPiasecki transferred the chair to Ms. <br />Ms. Manier noted that this is the <br />standard agreement, structured to meet <br />the terms of the proposal by the Tribune <br />for the site. The terms of the agreement <br />include vacation of the alley adjacent to <br />the theater. The proposed closing date <br />is ' anuary 1992. The proposed project <br />completion time is 20 months from January <br />1992. Should the Tribune petition for <br />real and /or personal property tax <br />abatement and should the Commission <br />app ove that abatement, the Commission <br />wou d support the petition before the <br />Co on Council. <br />ME <br />CESSION APPROVED RESOLUTION <br />NO. 1023 APPROVM AMID CONSENITM <br />TO THE SUB -LEASE OF REAL PROPERTY <br />BY THE CITY OF SOUTH BEND, <br />I NDINa, TO THE HOUSING <br />DEVELOFY T!' CORPORATION OF ST. <br />JOSEPH COUNTY, INC. <br />
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