RM 09-04-92 - Laserfiche WebLink

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",South Bend Redevelopment Commission C.,. Regular Meeting - September 4, 1992 6. NEW BUSINESS (Cont.) f. continued... indemnification, and responsibility on the part of the sublessee. The Redevelopment Authority must also approve this lease. Mrs. Kolata noted that the design of the project was approved by the Design Review Committee several months ago and has gone downstate and received all necessary approvals. We are very pleased with the design of the project. Upon a motion by Ms. Huddleston, seconded by Mr. Donoho and unanimously carried, the Commission approved the Sublease with Monroe Park Associates. g. Commission approval requested for Third Addendum to Lease with South Bend Redevelopment Authority. (SBCDA Public Improvement Project) Mr. Manier explained that the 1990 Lease Rental Revenue Bond included a number of public improvements as the project of that bond. We have made minor adjustments to the accomplishments of that bond and the description of the project in the Lease differs from what was actually done. This Addendum to Lease properly identifies the description of the project. The changes include: 1) removing certain improvements which were not made; 2) removing certain properties in Monroe Park which were not acquired; 3) including certain properties which were purchased for rehabilitation; and 4) adding the design and construction work for the Madison Center Walkway. Mrs. Kolata noted the Addendum lists four properties in Monroe Park which are on the Commission's acquisition list. We expect to authorize purchase offers for at least three of these soon. If we don't make offers on all four, we will need to do another Addendum to remove the fourth property. -10- COMMISSION APPROVED THE SUBLEASE WITH MONROE PARK ASSOCIATES