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06-25-08 Redevelopment Commission Minutes
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06-25-08 Redevelopment Commission Minutes
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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -June 25, 2008 <br />6. NEW BUSINESS (CONT.) <br />F. Northeast Neighborhood Development Area <br />(4) Commission approval requested for <br />Assignment of Interest in Purchase <br />Agreement from the Northeast <br />Neighborhood Revitalization <br />Organization. (1102 Duey) <br />Mr. Schalliol noted that the Northeast <br />Neighborhood Revitalization Organization <br />(NNRO) is the city's agent in acquiring <br />property in this area. They made the deal <br />and signed the Purchase Agreement with the <br />seller. In the Assignment of Interest NNRO <br />assigns its interest in the purchase agreement <br />to the Commission so the Commission can <br />purchase the property. <br />Mr. Leone noted that the Assignment in the <br />Commissioners' packets was an incomplete <br />document. The final version contains a <br />paragraph naming the amount of $10.00 <br />being paid for the Assignment and states that <br />the Commission accepts the Assignment. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Blake and unanimously carried, the <br />Commission accepted the Substitute <br />Assignment of Interest in Purchase <br />Agreement from the Northeast Neighborhood <br />Revitalization Organization. (1102 Duey) <br />G. Douglas Road Economic Development Area <br />There was no business in the Douglas Road <br />Economic Development Area. <br />COMMISSION ACCEPTED THE SUBSTITUTE <br />ASSIGNMENT OF INTEREST IN PURCHASE <br />AGREEMENT FROM THE NORTHEAST <br />NEIGHBORHOOD REVITALIZATION <br />ORGANIZATION. (1102 DUEY~ <br />43 <br />
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