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South Bend Redevelopment Commission <br />Regular Meeting - July 2, 1998 <br />6. NEW BUSINESS (CONT.) <br />Area. (Dreisbach site) <br />h. Commission approval requested for <br />Resolution No. 1620 approving the <br />transfer of title to certain real property <br />owned by the South Bend <br />Redevelopment Authority to the <br />Redevelopment Commission, <br />authorizing the subsequent transfer of <br />said real property and certain actions <br />related thereto. <br />Mrs. Kolata stated that this resolution is <br />for two acres of land in the Blackthorn <br />Corporate Park. She also stated that <br />when the Commission accepted the <br />proposal for construction of the Holy <br />Cross Health Systems building, the <br />developer had the right to purchase an <br />additional two acres of land. This is that <br />additional two acres of land. <br />The Redevelopment Authority would <br />transfer ownership of the land to the <br />Redevelopment Commission, and the <br />Redevelopment Commission would <br />defease the bonds to the land, so that the <br />Commission would be in a position to <br />sell the property to the developer, if the <br />developer should decide to move forward <br />on the additional two acres. <br />Upon a motion Mr. Blake, seconded by <br />Ms. Schwartz and unanimously carried, <br />the Commission adopted Resolution <br />No. 1620 approving the transfer of title to <br />certain real property owned by the South <br />Bend Redevelopment Authority to the <br />HAWPDATATOMMSM070298.MIN -14- <br />