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_ pUTH \4 <br /> ti' 41 <br /> i /c t '<.:..�/, ; I <br /> i li <br /> 1 fi t :�';`�!4 Z <br /> /A 141;. \ y 1 City of South Bend <br /> //�' (9"'- ,-;i,/,11-'' Joseph E. Kernan, Mayor <br /> lll $� �a}�i <br /> Department of Economic Development <br /> Jon R. Hunt Ann E. Kolata <br /> Executive Director Deputy Executive Director <br /> December 11, 1989 <br /> Members of the Common Council <br /> 4th Floor, County-City Building <br /> South Bend, Indiana 46601 <br /> Dear Council Members: <br /> The attached ordinance approves a lease between the South Bend <br /> Redevelopment Authority and the South Bend Redevelopment Commission <br /> for certain land and public improvements in the South Bend Central <br /> Development Area. <br /> The lease establishes a maximum annual rental payment of <br /> $749, 000. This amount is an estimate and will be lowered after we <br /> receive bids for the construction of the public improvements. The <br /> Commission will use Tax Increment Finance funds to make the lease <br /> payments. <br /> I will be happy to answer any questions you have regarding the <br /> public improvements and the financing and ask your approval of this <br /> Ordinance. <br /> Sincerely, <br /> Ann E. Kolata <br /> Deputy Executive Director <br /> 1200 County-City Building • South Bend, Indiana 46601 • 219/284-9371 Fax 219/284-9892 <br /> Redevelopment Economic Development Housing Rehabilitation Financial & Program Human Rights <br /> Ann Kolata & Business Assistance Kathryn Baumgartner Management Cynthia Love-Bush <br /> 284-9371 Donald Inks 521 Eclipse Place Elizabeth Leonard 284-9355 <br /> 284-9335 284-9475 284-9335 <br />