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South Bend Redevelopment Commission <br />Regular Meeting - May 6, 1994 <br />k. Commission approval requested for <br />Agreement to Lease and Sublease with <br />Central High School Associates Limited <br />Partnership in the South Bend Central <br />Development Area. (Central High School) <br />Ms. Manier explained items 6.k., 61, and <br />6.m. Items 6.k. and 6.1. are related to the <br />lease of a portion of the Central High School <br />site to the Redevelopment Commission by <br />Central High School Associates (The <br />Alexander Corporation) for the purpose of <br />the Commission making infrastructure <br />improvements. It is necessary for the <br />project's completion that we participate in <br />this way. After we make the improvements <br />we will then sublease the site back to <br />Central High School Associates for their <br />operation, management and control. The <br />documents have been prepared, but were not <br />present at the meeting. <br />Mrs. Kolata noted that the nature of the <br />improvements will be things like sidewalks, <br />curbs, landscaping, parking lot <br />improvements, etc. In the Contract for Sale <br />of Land we committed to spending $300,000 <br />on public improvements associated with the <br />project. We will stop when the cost has <br />reached $300,000. They will pick up <br />whatever cannot be accomplished within our <br />$300,000 budget. <br />Upon a motion by Mr. Piasecki, seconded <br />by Mr. Sharp and unanimously carried, the <br />Commission approved the Agreement to <br />Lease and Sublease with Central High <br />School Associates Limited Partnership in the <br />6. NEW BUSINESS (Cont.) <br />-12- <br />COMMISSION APPROVED THE AGREEMENT <br />TO LEASE AND SUBLEASE WITH CENTRAL <br />HIGH SCHOOL ASSOCIATES LIMITED <br />PARTNERSHIP IN THE SOUTH BEND <br />CENTRAL DEVELOPMENT AREA (CENTRAL <br />HIGH SCHOOL) <br />