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South Bend Redevelopment Commission <br />Meeting - June 7, 1996 <br />6. NEW BUSINESS (Cont.) <br />h. continued.... <br />Upon a motion by Mr. Donoho, <br />seconded by Mr. Hojnacki and <br />unanimously carried, the Commission <br />approved the Residential Lease <br />Agreement in the Sample -Ewing <br />Development Area. (Violet Frison) <br />i. Commission approval requested for a <br />lease with Burkhart Advertising in the <br />Sample -Ewing Development Area. <br />(Billboard at 1304 S. Michigan) <br />Mr. Hunt noted that this billboard is <br />located in the area for the new Ivy Tech <br />development. Ms. Manier explained <br />that rather than relocate the billboard at <br />this time, the City agreed to enter into a <br />lease with Burkhart for six years with a <br />decreasing premium to be paid by the <br />Commission, if the lease is terminated <br />prior to the end of the six year term. <br />The City will be able to cancel the lease <br />at any time. <br />Upon a motion by Mr. Hojnacki, <br />seconded by Mr. Donoho and <br />unanimously carried, the Commission <br />approved the lease with Burkhart <br />Advertising in the Sample Ewing <br />Development Area. (Billboard at 1304 <br />S. Michigan) <br />7. PROGRESS REPORTS <br />Mr. Hunt reported that the Blackthorn <br />Corporate Park is successfully underway with <br />the construction of four office buildings. <br />Nephrology will break ground on Monday, <br />June 10, 1996. <br />-7- <br />COMMISSION APPROVED THE RESIDENTIAL <br />LEASE AGREEMENT IN THE SAMPLE -EWING <br />DEVELOPMENT AREA (VIOLET FRISON) <br />COMMISSION APPROVED THE LEASE WITH <br />BURKHART ADVERTISING IN THE SAMPLE - <br />EWING DEVELOPMENT AREA. (BILLBOARD <br />AT 1304 S. MICHIGAN) <br />