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South Bend Redevelopment Commission <br />Regular Meeting - June 6, 1997 <br />6. NEW BUSINESS (CONT.) <br />a. continued.... <br />could be implemented within the trade to <br />inform their clients that the Morris <br />Performing Arts Center renovation <br />project is moving forward. Greg Gizci <br />stated that it's a possibility. <br />Randy Rompola of Baker & Daniels <br />stated that the maximum rental payment <br />is subject to reduction following the bond <br />sale. He also stated that there's enough <br />Economic Development Income Tax <br />available to pay for the bond issue, even <br />if there were no pledges, but pledges have <br />been made and will be used to make the <br />payments. <br />b. Commission approval requested for <br />Resolution No. 1507 authorizing the <br />execution of a lease for certain land <br />and public improvements on behalf of <br />the City of South Bend, Indiana, and <br />regarding other related matters. <br />Upon a motion by Ms. Schwartz, COMMISSION ADOPTED RESOLUTION NO. 1507 <br />seconded by Ms. Auburn and <br />unanimously carried, the Commission <br />adopted Resolution No. 1507. <br />c. Commission approval requested for <br />Certificate of Completion for Storion <br />Group, LLC for property located in <br />the Airport Economic Development <br />Area. <br />Ms. Kolata stated that this property was <br />developed by Jack Young of the Stone <br />H:\ HOME\ CPHIPPS \WPDATA \COMMSN\060697.MIN -13- <br />