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South Bend Redevelopment Commission <br />Regular Meeting - July 16, 1999 <br />6. NEW BUSINESS (CONT.) <br />z. continued... <br />Mrs. Kolata stated that the building will be <br />one -story on the front and a two -story on <br />the back because the land slopes. <br />Mr. Rock stated that the construction of <br />the road also includes the grading of the <br />wetland. <br />Mrs. Kolata stated that a time schedule for <br />construction of a second building on the <br />site and its acceptable square footage need <br />to be submitted by JB Investment, LLC . <br />Upon a motion by Ms. Schwartz, seconded <br />by Mr. Faccenda and unanimously carried, <br />the Commission accepted the proposal <br />from JB Investment, LLC for the 2.54 acre <br />lot in the Airport Economic Development <br />Area, subject to receiving the required 10 <br />percent performance guarantee, the time <br />schedule for construction of the second <br />building on the site and its acceptable <br />square footage from JB Investment, LLC. <br />Staff report on disposition of property <br />in the Airport Economic Development <br />Area. <br />Robert Case, Economic Development <br />Specialist, stated that a proposal was <br />received from Rollins Truck Leasing <br />Corporation to purchase 6.77 acres of land <br />in the U.S. 31 Industrial Park Subdivision <br />for $216,640. <br />HAWPDATATOMMSM071699 Minutes.wpd -30- <br />COMMISSION ACCEPTED THE PROPOSAL FROM JB <br />INVESTMENT, LLC FOR THE 2.54 ACRE LOT IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA, <br />SUBJECT TO RECEIVING THE REQUIRED 10 <br />PERCENT PERFORMANCE GUARANTEE, THE TIME <br />SCHEDULE FOR CONSTRUCTION OF THE SECOND <br />BUILDING ON THE SITE AND ITS ACCEPTABLE <br />SQUARE FOOTAGE FROM JB INVESTMENT, LLC <br />