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South Bend Redevelopment Commission <br />Regular Meeting - October 21, 1994 <br />6. NEW BUSINESS (Cont.) <br />m. continued... <br />to cover the period from September 16, <br />1994 to September 30, 1996. They will be <br />paid $400 per month plus maintenance <br />expenses. The contract is very similar to <br />our previous one with them. <br />Upon a motion by Mr. Donoho, seconded <br />by Mr. Sharp and unanimously carried, the <br />Commission approved the Contract with <br />Real Estate Management Corporation for <br />professional services in the South Bend <br />Central Development Area. (Palais Royale) <br />n. Filing of Resolution No. 1293 amending <br />the Development Plan for the South Bend <br />Central Development Area. <br />Mrs. Kolata explained that Resolution <br />No. 1293 adds a portion of the property <br />known as Central High School to the <br />acquisition list of the South Bend Central <br />Development Area Development Plan. The <br />Public Hearing on the resolution will be held <br />at 10:00 a.m. , November 4, 1994. Central <br />High School was sold by the School <br />Corporation to the Alexander Company for <br />development of an apartment complex. The <br />Commission promised to make site <br />improvements in connection with that <br />project. We thought at that time that the <br />Commission could lease part of the <br />property, but now we have learned that the <br />Commission must own the property in order <br />to make those improvements. <br />-19- <br />COMMISSION APPROVED THE CONTRACT <br />WITH REAL ESTATE MANAGEMENT <br />CORPORATION FOR PROFESSIONAL <br />SERVICES IN THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA. (PALAIS ROYALE) <br />