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South Bend Redevelopment Commission <br />Regular Meeting - November 7, 1997 <br />6. NEW BUSINESS (CONT.) <br />k. continued.... <br />Mrs. Kolata stated that this easement is <br />located on an outlot, and the easement is <br />related to the Bowne Printing Company <br />project. <br />Upon a motion by Mr. Donoho, seconded <br />by Ms. Auburn and carried, the <br />Commission approved the easement with <br />Indiana Michigan Power Company for <br />property located in the Airport Economic <br />Development Area. Ms. Schwartz <br />abstained. <br />1. Commission approval requested for <br />Extension of the Commercial Lease for <br />Office Interiors in the Palais Royale <br />building. <br />Mrs. Kolata stated that this extension will <br />extend Office Interiors' lease from <br />October 1996 to October 1998 and <br />provides one renewal option of two years <br />with a ten percent increase at that time. <br />Upon a motion by Mr. Donoho, seconded <br />by Ms. Auburn and carried, the <br />Commission approved the Extension of <br />the Commercial Lease for Office Interiors <br />in the Palais Royale building. Ms. <br />Schwartz abstained. <br />7. PROGRESS REPORTS <br />Mrs. Kolata reported that the interchange <br />located at the Bypass and Nimtz Parkway <br />opened on Monday, November 3, 1997. <br />Awk <br />H:\ HOME\ CPHIPPS \WPDATA \COMMSN\110797.MIN -18- <br />COMMISSION APPROVED THE EASEMENT WITH <br />INDIANA MICHIGAN POWER COMPANY FOR <br />PROPERTY LOCATED IN THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA <br />COMMISSION APPROVED THE EXTENSION OF THE <br />COMMERCIAL LEASE FOR OFFICE INTERIORS IN <br />THE PALAIS ROYALE BUILDING <br />