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South Bend Redevelopment Commission <br />Regular Meeting -April 18, 2008 <br /> Commission <br /> Role in Contract Staff <br />Property Description Transaction Contractor Service Provided Amount Member <br />Triangle, Ph. 2 Acquisition Meridian Title Title Searches $1,600.00 Schalliol <br />(16 parcels) <br />6. NEW BUSINESS (CONT.) <br />H. Ratification of Service Contracts <br />Upon a motion by Mr. King, seconded by Mr. <br />Varner and unanimously carried, the Commission <br />ratified the service contract listed below. <br />7. PROGRESS REPORTS <br />Mr. Inks reported on the Eddy Street Commons project. PROGRESS REPORTS <br />There is a tentative closing date the end of April on the <br />land transaction between the University of Notre Dame <br />and Kite Development. On Apri130 we expect the <br />Redevelopment Authority to enter into a lease with the <br />Commission for the land under the parking garage. <br />Then at the Commission's May 2 meeting we expect to <br />accept the easements from Kite necessary to proceed <br />with construction of the parking garage. After that, the <br />city can award construction contracts and begin <br />construction of the garage. <br />Mr. Inks also reported that the Board of Public Works <br />approved a contract with Umbaugh & Associates to look <br />at the effect of recent state legislation on the revenues of <br />the city, including TIF revenues. Their report should be <br />ready for review in a month or so. <br />8. NEXT COMMISSION MEETING <br />13 <br />