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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -June 25, 2008 <br />6. NEW BUSINESS (CONT.) <br />B. South Bend Central Development Area <br />(5) continued... <br />$600,000. We had been thinking there might <br />be some available downtown TIF money that <br />we could put toward this. We have since <br />determined that that is very unlikely. We are <br />going to proceed with a smaller lease amount <br />to be paid off with hoteUmotel tax funds <br />only, to do the capital improvements at <br />Century Center. <br />Mr. Rompola noted that the Lease also rolls <br />the remnants of a bond issue into the new <br />bond. That earlier bond was for <br />improvements at Century Center; however, <br />the project description was very general. <br />Upon a motion by Mr. Downes, seconded by <br />Dr. Varner and unanimously carried, the <br />Commission approved Resolution No. 2466 <br />approving a modification to a Second <br />Addendum to Lease for certain public <br />improvements and regarding other related <br />matters. (Capital improvements at Century <br />Center) <br />C. Airport Economic Development Area <br />(1) Commission authorization requested to <br />submit Certified Technology Park <br />Technology Development Grant Fund <br />Application. <br />Item 6.C.(1) was tabled to the July 18, 2008 <br />meeting. <br />COMMISSION APPROVED RESOLUTION NO. 2466 <br />APPROVING A MODIFICATION TO A SECOND <br />ADDENDUM TO LEASE FOR CERTAIN PUBLIC <br />IMPROVEMENTS AND REGARDING OTHER <br />RELATED MATTERS. (CAPITAL IMPROVEMENTS <br />AT CENTURY CENTER <br />ITEM 6.C.(1~ WAS TABLED UNTIL THE JULY 18, <br />2008 MEETING <br />39 <br />