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Adpk <br />South Bend Redevelopment Commission <br />Regular Meeting - May 20, 1994 <br />6. NEW BUSINESS (Cont.) <br />j. Continued... <br />their interest rates are blended and that is <br />not to the City's advantage. <br />Upon a motion by Mr. Sharp, seconded by <br />Mr. Donoho and unanimously carried, the <br />Commission approved Resolution No. 1258 <br />establishing certain funds and accounts in <br />connection with the Lease dated as of <br />November 1, 1993, between the South <br />Bend Redevelopment Commission and the <br />South Bend Redevelopment Authority <br />relating to the Century Center Project and <br />other related matters. <br />k. Staff Mort on acquisition of property in <br />the Sample -Ewing Development Area. <br />Mrs. Kolata noted that the staff has <br />received one counter offer for property in <br />the Sample -Ewing Development Area. It <br />is from Charles and Esther Marsh for a <br />single family dwelling located at 130 E. <br />Ohio Street. The original purchase offer <br />was for $12,700. The counter offer is <br />$14,500. The staff recommends accepting <br />the counter offer. <br />Upon a motion by Mr. Donoho, seconded <br />by Mr. Sharp and unanimously carried, the <br />Commission accepted the counter offer <br />from Charles and Esther Marsh in the <br />amount of $14,500 for property located at <br />130 E. Ohio Street in the Sample -Ewing <br />Development Area. <br />-19- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1258 ESTABLISHING CERTAIN FUNDS <br />AND ACCOUNTS IN CONNECTION WITH <br />THE LEASE DATED AS OF NOVEMBER 1, <br />1993, BETWEEN THE SOUTH BEND <br />REDEVELOPMENT COMMISSION AND THE <br />SOUTH BEND REDEVELOPMENT <br />AUTHORITY RELATING TO THE CENTURY <br />CENTER PROJECT AND OTHER RELATED <br />MATTERS <br />COMMISSION ACCEPTED THE COUNTER <br />OFFER FROM CHARLES AND ESTHER <br />MARSH IN THE AMOUNT OF $14,500 FOR <br />PROPERTY LOCATED AT 130 E. OHIO <br />STREET IN THE SAMPLE -EWING <br />DEVELOPMENT AREA <br />