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�pQ1I \\ll <br /> � I <br /> j 4,I r,�/ <br /> • ∎�;� ;%'z; City of South Bend <br /> Joseph E. Kernan, Mayor <br /> *1 ,-- 186S <br /> Department of Economic Development <br /> Jon R. Hunt Ann E. Kolata <br /> Executive Director Deputy Executive Director <br /> September 18, 1990 <br /> Members of the Common Council <br /> 4th Floor, County-City Building <br /> South Bend, IN 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 Airport Economic <br /> Development Area. <br /> The lease establishes a maximum semi-annual rental payment of <br /> $900,000. 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 /> V° <br /> Ann E. Kolata <br /> Deputy Executive Director <br /> AEK:ml/f <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 />