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South Bend Redevelopment Commission <br />Regular Meeting - November 03, 2000 <br />6. NEW BUSINESS (CONT.) <br />a. continued... <br />were not given a copy of the letter. Owen has it <br />in his hands now, but that is basically what we <br />said in the letter is that we are asking that the <br />Commission allow us to exercise the take -down <br />at the price and terms that were negotiated two <br />years ago when we purchased this. Then we <br />would immediately put in this parking in this <br />calendar year and would next year break ground <br />on the second building. " <br />Mr. Rock recommended to the Commission that <br />they approve the indemnification and that <br />Mr. Panzica send in a formal application and <br />proposal to appear on the next agenda. <br />1C Upon a motion by Mr. Faccenda, seconded by <br />Mr. Caldwell and unanimously carried, the <br />Commission approved the indemnification <br />agreement for Lot #4, Blackthorn Corporate <br />Park. <br />b. Commission approval requested for an <br />Addendum to Agreement for Lease and <br />Development of Real Property By and <br />Between the South Bend Redevelopment <br />Commission and Studebaker Autoparts Sales <br />Corporation dated January 7, 2000. <br />Mr. Inks noted that the original agreement called <br />for the project to be completed by June 1, 2000. <br />-5- <br />COMMISSION APPROVED THE <br />INDEMNIFICATION AGREEMENT FOR LOT #4, <br />BLACKTHORN CORPORATE PARK <br />