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Council Member Voorde noted that when American Sign wanted <br /> to make a substantial financial investment in the community <br /> that they looked at the Studebaker Corridor. Unfortunately <br /> because of the bifurcated ownership, there investment was <br /> ultimately made in the Airport Industrial Park. He also <br /> questioned what marketing tools would be used and whether a <br /> private developer was under consideration. The Mayor stated <br /> that marketing and private developers were under <br /> consideration, however, no decision had been made. Ann <br /> Kolata noted that the Monroe Park area was sold out in a two <br /> year period, however, the downtown area has progressed much <br /> more slowly. She noted that commercial brokers and real <br /> estate commissions were being discussed, however, no <br /> decision had been made. <br /> Council Member Soderberg questioned whether the Bordon <br /> Building should be on the demolition list. He questioned <br /> whether it was possible to restore the building. THe Mayor <br /> noted that it was purchased for $15, 000. 00 earlier this year <br /> and it is believed to be incompatible. Council Member <br /> Soderberg also noted that in light of the Studebaker closing <br /> a more diversified business community has resulted <br /> throughout the City. <br /> Council Member Niezgodski questioned the Police Credit Union <br /> situation. He specifically asked why the problems <br /> associated with its current location were not foreseen. He <br /> noted that Mr. David Norris helped the Police Credit Union <br /> representatives throughout the process. Mr. Hunt stated <br /> that once the decision to locate in that area was made, that <br /> the City did not stand in their way. He stated that he <br /> believes that it was a bad location and is not an <br /> inappropriate use, however, is in an inappropriate location. <br /> Mr. Hunt further noted that alternative locations are being <br /> recommended with a 1/2 acreage parcel being under <br /> consideration. <br /> Council Member Duda stated that the potential for jobs in <br /> the Studebaker Corridor is of paramount concern to her. She <br /> questioned whether covering the Transwestern Building with <br /> an exterior facade is a possibility. She also questioned <br /> whether help would be possible for both the exterior and/or <br /> the interior. <br /> Mayor Kernan noted that the interior of the Standard Surplus <br /> Building is currently very functional and it meets the needs <br /> set forth by Jeff Newman. He stated that general obligation <br /> bond monies would not be used for either exterior or <br /> interior systems. He stated that monies through the BDC or <br /> other possible entities like that would be those <br /> recommended. The only dollars from the General Obligation <br /> Bond which could be made available would deal with the <br /> Human Resources and Economic Developement Commitee Cont'd page 3 <br />