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RM 09-04-92
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RM 09-04-92
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",South Bend Redevelopment Commission <br />C.,. <br />Regular Meeting - September 4, 1992 <br />6. NEW BUSINESS (Cont.) <br />f. continued... <br />indemnification, and responsibility on <br />the part of the sublessee. The <br />Redevelopment Authority must also approve <br />this lease. <br />Mrs. Kolata noted that the design of the <br />project was approved by the Design Review <br />Committee several months ago and has gone <br />downstate and received all necessary <br />approvals. We are very pleased with the <br />design of the project. <br />Upon a motion by Ms. Huddleston, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission approved the Sublease with <br />Monroe Park Associates. <br />g. Commission approval requested for Third <br />Addendum to Lease with South Bend <br />Redevelopment Authority. (SBCDA Public <br />Improvement Project) <br />Mr. Manier explained that the 1990 Lease <br />Rental Revenue Bond included a number of <br />public improvements as the project of <br />that bond. We have made minor <br />adjustments to the accomplishments of <br />that bond and the description of the <br />project in the Lease differs from what <br />was actually done. This Addendum to <br />Lease properly identifies the description <br />of the project. The changes include: 1) <br />removing certain improvements which were <br />not made; 2) removing certain properties <br />in Monroe Park which were not acquired; <br />3) including certain properties which <br />were purchased for rehabilitation; and 4) <br />adding the design and construction work <br />for the Madison Center Walkway. <br />Mrs. Kolata noted the Addendum lists four <br />properties in Monroe Park which are on <br />the Commission's acquisition list. We <br />expect to authorize purchase offers for <br />at least three of these soon. If we <br />don't make offers on all four, we will <br />need to do another Addendum to remove the <br />fourth property. <br />-10- <br />COMMISSION APPROVED THE SUBLEASE <br />WITH MONROE PARK ASSOCIATES <br />
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