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Mr. Fewell asked what the projected completion date is for the nightclub. Mrs. Kolata responded that we expect them to bring their plans in for building department review on August 3rr1. They have applied for State permits. It will not be complete for at least a couple of months. Upon a motion by Mr. Fewell, seconded by Mr. Wroblewski and unanimously carried, the Authority approved the Walkway Construction, Easement and Operating Agreement with Michigan Street Building Partnership. 4. New Business a. Authority authorization to file for tax abatement for retail space in the St. Joseph/Wayne Street Parking Garage. Mrs. Kolata noted that since the users of the retail space in the parking garage will be private users, they will be responsible for property taxes. Catering by Billie, Inc. has leased Retail Space No. 1 and would like to receive three years of tax abatement, for which they qualify. Since the Authority is the c~uner of the space, the Authority must sign the tax abatement application on behalf of Catering by Billie and for Retail Space No. 2. Mr. Fewell asked if the improvements being done in that space right now are for Catering by Billie. Mrs. Kolata responded that the build out is being done in both spaces. We agreed to finish the spaces to a certain level. That work will be paid for from bond proceeds. The same contractor is doing that work as well as the tenant finishes for Catering by Billie, which Billie's will pay for. Upon a motion by Mr. Fewell, seconded by Mr. Wroblewski and unanimously carried, the Authority authorized the filing of a tax abatement application for retail space in the St. Joseph/Wayne Street Parking Garage. b. Authority approval requested for Resolution No. 23, a resolution of the Redevelopment Authority establishing its intent to issue Redevelopment Authority Revenue Bonds and that certain preliminary redevelopment cysts be reimbursed from the proceeds of said bonds. Mrs. Kolata noted that the Redevelopment Commission recently declared the Airport Economic Development Area to be a new economic development area. The Redevelopment Commission is currently issuing a small revenue bond primarily to finance engineering work for road design of public improvements to be constructed in the area. We expect to ask the Redevelopment Authority to issue a lease purchase bond later this year to help fund the construction of the roads. Resolution No. 23 states that the Authority intends to issue that lease purchase bond and, if it does, sc¢ne of that bond money may be used to pay for preliminary, eligible costs associated with development of that area. 'I4ie resolution does not obligate the Authority to issue bonds nor to pay for any particular expenses. ,•