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South Bend Redevelopment Commission <br />Regular Meeting -June 16, 2000 <br />6. NEW BUSINESS (CON'T) <br />o. continued... <br />shell. The BDC will not make this decision until <br />their next meeting on July 27, 2000. He noted <br />that Crescent Michiana Properties would like an <br />extension until after the July 27, 2000 meeting. <br />After BDC approval of the loan the company will <br />execute a Contract for a phased take down of the <br />property, or they will take their offer back <br />because of lack of opportunity at this point. <br />Ms. Kolata noted that she was concerned that the <br />Commission was not able to understand all the <br />changes to the proposal and recommended that <br />the Commission could take one of two actions: <br />first, the Commission could take the action to <br />rescind the original proposal because this is a <br />different proposal than was approved or, second, <br />the Commission could table the rescission until <br />the next meeting so that the staff has time to <br />review it. She noted that the staff must have a <br />clear understanding of the new proposal. <br />Mr. Panciza stated that the company would <br />promptly provide a detailed report to the staff <br />outlining the entire concept. <br />Mr. Hunt was in agreement with Ms. Kolata and <br />with no objections from the Commission <br />members, the item was tabled to the <br />July 07, 2000 meeting. <br />p. Commission approval for proposal to hire <br />Hull & Associates to review work done by <br />Envirocorp on Studebaker /Oliver Plow <br />Works in the amount of $750.00. <br />19 <br />COMMISSION TABLED THE REQUEST TO <br />RESCIND APPROVAL OF PURCHASE OF LOT <br />4P IN THE BLACKTHORN CORPORATE PART <br />UNTIL THE JULY 07, 2000 MEETING <br />