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South Bend Redevelopment Commission <br />Regular Meeting - November 5, 1999 <br />6. NEW BUSINESS (CONT.) <br />d. Opening of Bids received relative to <br />property in the South Bend Central <br />Development Area. (Senor Kelly's Lot) <br />Mrs. Kolata stated that there was one Bid <br />submitted for the former Senor Kelly's Lot. <br />Mrs. Kolata opened and read the Bid. <br />The Bid received is from South Bend <br />Heritage Foundation. The proposed <br />purchase price is SIO, and a performance <br />guaranty was submitted. The proposed <br />project consists of a 17, 000 sf addition to <br />the former American Trust Bank building <br />and construction of a parking lot. There <br />will be 35, 000 sf of modern, retail office <br />space in the former American Bank building <br />and the proposed new building. <br />South Bend Heritage Foundation presented <br />colored renderings and a site plan of the <br />proposed project to the Commission for its <br />consideration. <br />Ms. Jones made a motion to reject the Bid <br />from South Bend Heritage Foundation <br />because it did not meet the minimum <br />purchase price requirement. The motion <br />was seconded by Mr. Donoho and <br />unanimously carried. Mrs. Kolata returned <br />the $1 performance guaranty to Mr. Gibney <br />of South Bend Heritage Foundation. <br />-11- <br />