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South Bend Redevelopment Commission <br />Special Meeting - January 23, 1998 <br />6. NEW BUSINESS (CONT.) <br />g. continued.... <br />Upon a motion by Ms. Auburn, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission approved the Elevator <br />Easement for Memorial Hospital of South <br />Bend, Inc. <br />h. Commission approval requested for <br />Groundlease, Development Agreement, <br />Easements and Miscellaneous <br />documents for property located in the <br />South Bend Central Development <br />Area. (Multi- Employer Trust) <br />Mrs. Kolata stated that the original <br />contract was with Trammell Crow who <br />was acting on behalf of the Multi - <br />Employer Property Trust. <br />Anne Bruneel stated that the Amended <br />and Restated Agreement will be between <br />the Commission and Riggs Bank and <br />Company, which is a pension investment <br />firm. <br />Mrs. Kolata stated that Riggs Bank and <br />Company proposes to build a 60,000 sf <br />building with four stories. The project <br />completion date is anticipated for April <br />1999. <br />Anne Bruneel stated that at the time of <br />closing, the Commission will refund <br />Trammell Crows' performance guarantee <br />in the amount of $7,546 and it will be <br />replaced with a performance guarantee <br />from the Multi- Employer Property Trust. <br />F:\ HOME\ CPHIPPS \WPDATA \COMMSN\012398.MIN -13- <br />COMMISSION APPROVED THE ELEVATOR <br />EASEMENT FOR MEMORIAL HOSPITAL OF SOUTH <br />BEND, INC. <br />