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South Bend Redevelopment Commission <br />Regular Meeting October 17. ?008 <br />6. NE~~' BUSINESS (CONT.) <br />B. South Bend Central Dcvclopmeut Area <br />(5) continued... <br />Ms..lennings noted that statf is requesting <br />appro~~al of Specifications to include in an <br />Request for Proposal far managanent of <br />Redevelopment Retail Properties. <br />~;pon a motion by Mr. Blake, seconded by Coni~nssiox ~i~rkrni.u i in_ Ri~:oui sr roiz <br />Ms. Icing and unanimously carried, the 1'iz~>i'<i5ai roiz n-t ~~ wren ~r or <br />Commission approved the Requesttur Rt_i~i-~i_i~~i>~~e~i Ri_rnii Paoi~t_irrir_s <br />Proposal l<~r Management of Redevelopment <br />Retail Properties. <br />(6) Authorization to Publish Request for <br />Proposals for Mana;e-nent of <br />Rede~~clopment Retail Properties ~t~ith <br />Receipt of Proposals at 9:00 a.m., <br />December 5, 2008. <br />Upon a motion b~~ Mr. Blake. seconded by <br />Ms. ling and unanimously carried. the <br />Commission authorized publication oCthc <br />Request fbr Proposals for Management of <br />Rcdcvclopment Retail Properties with rc:ecipt <br />of proposals by 9:00 a.m., December ~, ?008. <br />(7) Resolution No. 2515 Setting the Fair Lease <br />~'aluc of Propcrh~ in the South Bcnd <br />Central De~~elopment Area. <br />Ms..lennings noted that two appraisals of the <br />rede~~clopment retail have established an <br />average Lase rate of $ I I .j0 per square t~x>t. <br />Staff recommends approving Resolution <br />No. ?515 setting S I I.50 as the lease rate 1~~r <br />the Master Lcasc. <br />co~inussio~ ,~~ i u~>iziu_u r~tsi_i~~a uo,v or rue <br />Rrcxi srFOiz Nizor~os,~i s roiz Yla~~c~en~rci <br />or Kt-ueve~ornte~ r Rer:v~ Pao~~uz i its ~a'nii <br />RIiC GIPI OP rROPU5:11S [31' 9:U0 ,A.14., <br />Drce~-~ut~z ~_?OOS <br />~;pon a motion by Mr. Blake, seconded by ~~~>w~itssio~ ari~aoveo RGSOLl:Tl0y No. _5I <br />Ms. ling and unaninu~usly carried. the S~-ri i~c~ rue F.viz Le,asr vau eor Pfu»ear~~ <br />Commission uppro~al Resolution No. ?515 ~~ rur So~rii Bi ~i>Cr~snz-v-Devi toi~~,~~i~-~'r <br />~aea <br />17 <br />