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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 />j. continued... <br />December 21, 1990, as further amended <br />by an Addendum dated as of January <br />29, 1991, and as further amended by an <br />Addendum to Lease dated February 5, <br />1993 between the South Bend <br />Redevelopment Commission and the <br />South Bend Redevelopment Authority. <br />k. Commission approval requested for <br />Resolution No. 1182 aproving the <br />execution of an Addendum to the Lease <br />for the Airport Economic Development <br />Area Taxable and Public Improvement <br />Project. <br />Mrs. Kolata explained that Resolution <br />No. 1182 amends the Lease for the <br />taxable Airport bond by adding a piece <br />of property as a project to be acquired. <br />The property is approximately nineteen <br />acres of land at the U.S. 31 By -pass and <br />the Indiana Toll Road. It is part of the <br />land the Toll Road is acquiring for the <br />construction of the west ramp, but there <br />will be 19.6 acres left over. This <br />refunding of the bond, not only <br />refinances the original bond, but <br />includes money for the acquisition of <br />this parcel. <br />Upon a motion by Mr. Faccenda, COMMISSION APPROVED RESOLUTION NO. <br />seconded by Mr. Sharp and 1182 APPROVING THE EXECUTION OF AN <br />unanimously carried, the Commission ADDENDUM TO THE LEASE FOR THE <br />approved Resolution No. 1182 AIRPORT ECONOMIC DEVELOPMENT AREA <br />TAXABLE AND PUBLIC IMPROVEMENT <br />approving the execution of an PROJECT <br />Addendum to the Lease for the Airport <br />-20- <br />
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