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RM 07-16-93
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RM 07-16-93
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South Bend Redevelopment Commission <br />Regular Meeting - July 16, 1993 <br />6. NEW BUSINESS (Cont.) <br />b. continued... <br />up with some creative ways to solve the <br />potential problems. <br />Upon a motion by Mr. Faccenda, <br />seconded by Mr. Piasecki and <br />unanimously carried, the Commission <br />accepted the proposal from Trammell <br />Crow for Disposition Parcels C4 -46 and <br />C4 -65 in the South Bend Central <br />Development Area subject to negotiating <br />the option for parcel C4 -46, securing <br />bond financing for the garage and <br />public plaza, negotiating the design and <br />specifications for the public plaza, and <br />Trammel Crow agreeing to maintain the <br />public plaza. <br />c. Public Hearing on Resolution No. 1171, <br />a Supplemental Appropriation <br />Resolution of the City of South Bend <br />Redevelopment Commission. (South <br />Bend Central Development Area) <br />Mrs. Kolata noted that there are three <br />supplemental appropriation resolutions <br />for consideration today and a public <br />hearing for each. Resolution No. 1171 <br />is for lease payments on three <br />Redevelopment Authority lease rental <br />bonds in the South Bend Central <br />Development Area (St.Joseph/Wayne <br />Street Garage, the Palais Royale, and <br />the 1990 Public Improvement Project). <br />The payments total $945,310. <br />Resolution No. 1173 appropriates <br />$164,000 for lease payments on the <br />-14- <br />COMMISSION APPROVED THE PROPOSAL <br />FROM TRAMMELL CROW FOR DISPOSITION <br />PARCELS C4-46 AND C4-65 IN THE SOUTH <br />BEND CENTRAL DEVELOPMENT AREA <br />SUBJECT TO NEGOTIATING THE OPTION FOR <br />PARCEL C4-46, SECURING BOND FINANCING <br />FOR THE GARAGE AND PUBLIC PLAZA, <br />NEGOTIATING THE DESIGN AND <br />SPECIFICATIONS FOR THE PUBLIC PLAZA, <br />AND TRAMMEL CROW AGREEING TO <br />MAINTAIN THE PUBLIC PLAZA <br />
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