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RM 06-21-96
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RM 06-21-96
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South Bend Redevelopment Commission <br />Regular Meeting - June 21, 1996 <br />6. NEW BUSINESS (Cont.) <br />1. continued.... <br />December 19, 1995 between The <br />South Bend Redevelopment <br />Commission ( "Commission ") and <br />Midwest Land Company <br />( "Developer ") referred to as the <br />( "Contract "). <br />Mrs. Kolata noted that this is related <br />to the Bowne Printing project that is <br />expected to start construction about <br />August 1, 1996. Midwest Land <br />Company did not originally intend to <br />exercise this option so quickly, but <br />Midwest Land Company felt the land <br />was needed. The Redevelopment <br />Commission would sell the land to <br />Midwest Land Company for $1.00. <br />Upon a motion by Mr. Donoho, <br />seconded by Mr. Hojnacki and <br />unanimously carried, the Commission <br />approved the request from Midwest <br />Land Company, Inc. to exercise <br />Option for Purchase of the "North <br />Adjacent Parcel" described in the <br />Contract for Sale of Land for Private <br />Redevelopment dated December 19, <br />1995 between The South Bend <br />Redevelopment Commission <br />( "Commission ") and Midwest Land <br />Company ( "Developer ") referred to <br />as the ( "Contract "). <br />m. Mrs. Kolata asked that item 6.m. be <br />postponed until the next meeting. <br />m <br />COMMISSION APPROVED THE REQUEST <br />FROM MIDWEST LAND COMPANY, INC. TO <br />EXERCISE OPTION FOR PURCHASE OF THE <br />"NORTH ADJACENT PARCEL" DESCRIBED IN <br />THE CONTRACT FOR SALE OF LAND FOR <br />PRIVATE REDEVELOPMENT DATED <br />DECEMBER 19, 1995 BETWEEN THE SOUTH <br />BEND REDEVELOPMENT COMMISSION <br />( "COMMISSION ") AND MIDWEST LAND <br />COMPANY ( "DEVELOPER ") REFERRED TO <br />AS THE ( "CONTRACT ") <br />
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