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RM 06-25-99
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RM 06-25-99
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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting - June 25, 1999 <br />6. NEW BUSINESS (CONT.) <br />g. continued... <br />which, the Redevelopment <br />Commission, through the Lease with <br />the Redevelopment Authority, would <br />pay off the Section 108 Loan. <br />Ms. Schwartz stated that the word <br />"installments" on page 1 of the <br />Addendum needs to be inserted. <br />Upon a motion by Mr. Blake, seconded <br />by Mr. Faccenda and unanimously <br />carried, the Commission approved the <br />amendment to the Addendum to insert <br />the word "installments" on page 1 of <br />the Addendum. <br />Upon a motion by Mr. Faccenda, <br />seconded by Mr. Blake and <br />unanimously carried, the Commission <br />adopted Resolution No. 1694 <br />Approving a Modification to and <br />Reducing the Annual Rentals on the <br />Lease for the Downtown Property <br />Acquisition Project and Approving the <br />Execution of an Addendum to the <br />Lease. <br />h. Commission approval requested for <br />Resolution No. 1695 setting the Fair <br />Re -Use Value of Property in the <br />Sample -Ewing Development Area. <br />(Disposition Parcel 5) <br />HAWPDATATOMMSM062599.MIN 17 <br />COMMISSION ADOPTED RESOLUTION NO. 1694 <br />APPROVING A MODIFICATION TO AND REDUCING <br />THE ANNUAL RENTALS ON THE LEASE FOR THE <br />DOWNTOWN PROPERTY ACQUISITION PROJECT <br />AND APPROVING THE EXECUTION OF AN <br />ADDENDUM TO THE LEASE <br />
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