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South Bend Redevelopment Commission <br />Regular Meeting - March 19, 1993 <br />6. NEW BUSINESS (Cont.) <br />k. continued... <br />may be necessary to sell some of the first <br />pieces at less. As the area begins to develop <br />the price should go up. The going rate at <br />Edison Lakes is between $75,000 to <br />$100,000 per acre. <br />Upon a motion by Mr. Donoho, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved Resolution No. 1147 <br />approving declaration of Protective and <br />Restrictive Covenants of the Blackthom <br />Corporate Center and Blackthorn Corporate <br />Center Development Guidelines. <br />1. Commission approval requested for <br />Development Agreement for the Blackthorn <br />Corporate Center in the Airport Economic <br />Development Area. <br />Upon a motion by Mr. Sharp, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved the Development <br />Agreement with Venterra, Inc., for the <br />Blackthom Corporate Center in the Airport <br />Economic Development Area. <br />m. Commission approval requested for <br />Resolution No. 1148 setting the Fair Re -use <br />Value of Land in the Aitvort Economic <br />Development Area. (Blackthorn Corporate <br />Center Lots 1, 2, and 4) <br />-20- <br />COMMISSION APPROVED RESOLUTION NO. <br />1147 APPROVING DECLARATION OF <br />PROTECTIVE AND RESTRICTIVE <br />COVENANTS OF THE BLACKTHRON <br />CORPORATE CENTER AND BLACKTHORN <br />CORPORATE CENTER DEVELOPMENT <br />GUIDELINES <br />COMMISSION APPROVED THE <br />DEVELOPMENT AGREEMENT WITH <br />VENTERRA, INC., FOR THE BLACKTHORN <br />CORPORATE CENTER IN THE AIRPORT <br />ECONOMIC DEVELOPMENT AREA <br />