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South Bend Redevelopment Commission <br />Regular Meeting -October 17, 2008 <br />6. NEW BUSINESS (CONT.) <br />C. Airport Economic Development Area <br />(5) continued... <br />on behalf of the Redevelopment Commission <br />for certain engineering studies to be done in <br />the MIND area. There is due diligence that <br />needs to be done as we move to this type of <br />development. <br />Upon a motion by Ms. King, seconded by <br />Mr. Blake and unanimously carried, the <br />Commission approved Resolution No. 2518 <br />approving and authorizing the execution of <br />an Agency Agreement by and between the <br />South Bend Redevelopment Commission and <br />the City of South Bend, Indiana, Board of <br />Public Works relating to the MIND project. <br />B. South Bend Central Development Area <br />(2) Resolution No. 2514 approving and <br />authorizing the execution of an Agency <br />Agreement By and Between the South <br />Bend Redevelopment Commission and the <br />City of South Bend, Indiana, Board of <br />Public Works relating the Management of <br />Parking Garages. <br />Mr. Inks noted that the Commission has <br />certain property management responsibilities <br />in the downtown, including on-street parking, <br />parking garages, retail space, etc. It has been <br />a long time since the Commission has gone <br />out for proposals for management of the <br />parking garages and management of the retail <br />space. In addition, management of the retail <br />is time intensive and does not have the return <br />on investment that other development does. <br />We are looking at a Master Lease of the retail <br />COMMISSION APPROVED RESOLUTION NO. 2518 <br />APPROVING AND AUTHORIZING THE EXECUTION <br />OF AN AGENCY AGREEMENT BY AND BETWEEN <br />THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AND THE CITY OF SOUTH BEND, <br />INDIANA, BOARD OF PUBLIC WORKS RELATING <br />TO THE MIND PROJECT <br />14 <br />