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RM 04-21-95
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RM 04-21-95
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South Bend Redevelopment Commission <br />i di gular Meeting - April 21, 1995 <br />6. NEW BUSINESS (Cont.) <br />1. continued ... <br />with Chicago Title Insurance <br />Company. <br />Ms. Manier explained that this Corporate <br />Undertaking is a promise to Chicago <br />Title Insurance which is underwriting the <br />title insurance on some of the property <br />we are acquiring in the Sample -Ewing <br />Development Area. It is a commitment <br />to proceed to completion with one of our <br />condemnations. This is necessary in <br />order for the title insurance company to <br />insure our title so that we can transfer <br />our title to a third party prior to our <br />completing condemnation. It promises <br />5 that we will pay whatever judgement <br />comes from that condemnation. Our title <br />is not perfectly vested until we do that, <br />yet we will be transferring our title prior <br />to that. <br />Upon a motion by Mr. Hunt, seconded <br />by Mr. Donoho and unanimously <br />carried, the Commission approved the <br />Corporate Undertaking with Chicago <br />Title Insurance Company. <br />7. PROGRESS REPORTS <br />Mrs. Kolata reported that the Central High <br />School Apartments is holding its grand opening <br />on April 26. <br />The first public meeting of the Mansur group to <br />discuss downtown planning is scheduled for <br />-19- <br />COMMISSION APPROVED THE CORPORATE <br />UNDERTAKING WITH CHICAGO TITLE <br />INSURANCE COMPANY <br />PROGRESS REPORM <br />
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