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South Bend Redevelopment Commission Regular Meeting -July 07, 2000 6. NEW BUSINESS (CONT.) m. continued... ASTM guidelines. He noted that the staff recommends accepting the lowest priced proposal from Heartland Environmental Associates, Inc. Upon a motion by Mr. Caldwell, seconded by Mr. Kahn and unanimously carried, the Commission approved the proposal from Heartland Environmental Associates for $1,100.00 for a Phase I Environmental Assessment of property in the South Bend Central Development Area. (Crescent Ave. Properties) n. Commission approval requested for professional appraisal services in the South Bend Central Development Area. (Crescent Ave. Properties) Mr. Giulioni noted that due to the weather, certified appraisers were unavailable at this time and asked that the item be tabled. o. Staff report on the lease of property in the South Bend Central Development Area. (Michigan St. Shops, Retail Space #2, Precise Audio) Mr. Giulioni stated that Precise Audio has proposed to lease the Michigan St. storefront in the Leighton Garage previously used as the construction office. He stated that the term of the lease is 3 years and 3 months at a graduated lease rate of $9.25 per sq. ft. for the first year, $9.75 per sq. ft. for the second year, and $10.25 per sp. ft. for the third year. In addition, as with previous lease arrangements, 3 months of lease abatement will be provided. Mr. Giulioni noted that the use is appropriate and complements other -10- COMMISSION APPROVED THE PROPOSAL FROM HEARTLAND ENVIRONMENTAL ASSOCIATES FOR $1,100.00 FOR A PHASE I ENVIRONMENTAL ASSESSMENT OF PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA (CRESCENT AVE. PROPERTIES) COMMISSION TABLED ITEM 6N TO THE NEXT MEETING ON JULY 21, 2000