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South Bend Redevelopment Commission <br />Regular Meeting -August 1, 2008 <br />5. OLD BUSINESS (CONT.) <br />A. Airport Economic Development Area <br />(1) continued... <br />Mr. Inks noted that staff is continuing to have <br />discussions with IEDC and to make progress, <br />but we're not ready to move forward with the <br />grant application yet. He asked that it be <br />tabled until the August 15 meeting. <br />Ms. Jones asked whether IDEC is the holdup. <br />Mr. Inks responded that the city has been <br />presented with some options and we're trying <br />to figure out which way we should go. The <br />grant request is being reviewed at the same <br />time IEDC reviews the application. IEDC is <br />structuring it as they review it. <br />Mr. Varner asked whether the choices affect <br />the timeline, or the distribution of the dollars. <br />Mr. Inks said it could affect either one. <br />That's what staff is trying to weigh. <br />Upon a motion by Mr. King, seconded by COMMISSION TASEED ITEM 5.A(1) <br />Mr. Blake and unanimously carried, the <br />Commission tabled Item S.A(1). <br />6. NEW BUSINESS <br />A. South Bend Central Development Area <br />(1) Commission approval requested for <br />Resolution No. 2480 approving the fair <br />market value of property in the South <br />Bend Central Development Area (118 N. <br />Main Street, JMS Parking Lot) <br />Ms. Laurent noted that on June 3, the <br />Commission approved an option agreement <br />for purchase of 118 N. Main St., the surface <br />4 <br />