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South Bend Redevelopment Commission <br />Regular Meeting -October 17, 2008 <br />6. NEW BUSINESS (CONT.) <br />B. South Bend Central Development Area <br />(5) continued... <br />Ms. Jennings noted that staff is requesting <br />approval of Specifications to include in an <br />Request for Proposal for management of <br />Redevelopment Retail Properties. <br />Upon a motion by Mr. Blake, seconded by COMMISSION APPROVED THE REQUEST FOR <br />Ms. King and unanimously carried, the PROPOSAL FOR MANAGEMENT OF <br />Commission approved the Request for REDEVELOPMENT RETAILPROPERTIEs <br />Proposal for Management of Redevelopment <br />Retail Properties. <br />(6) Authorization to Publish Request for <br />Proposals for Management of <br />Redevelopment Retail Properties with <br />Receipt of Proposals at 9:00 a.m., <br />December 5, 2008. <br />Upon a motion by Mr. Blake, seconded by COMMISSION AUTHORIZED PUBLICATION of THE <br />Ms. King and unanimously carried, the REQUEST FOR PROPOSALS FOR MANAGEMENT <br />COmmISSIOn authorlZed UbhcatlOn Of the OF REDEVELOPMENT RETAIL PROPERTIES WITH <br />P RECEIPT OF PROPOSALS BY 9:00 A.M., <br />Request for Proposals for Management of DECEMBER 5, 2008 <br />Redevelopment Retail Properties with receipt <br />of proposals by 9:00 a. m., December 5, 2008. <br />(7) Resolution No. 2515 Setting the Fair Lease <br />Value of Property in the South Bend <br />Central Development Area. <br />Ms. Jennings noted that two appraisals of the <br />redevelopment retail have established an <br />average lease rate of $11.50 per square foot. <br />Staff recommends approving Resolution <br />No. 2515 setting $11.50 as the lease rate for <br />the Master Lease. <br />Upon a motion by Mr. Blake, seconded by COMMISSION APPROVED RESOLUTION No. 2515 <br />Ms. King and unanimously carried, the SETTING THE FAIR LEASE VALUE OE PROPERTY <br />COmmisslOn apprOVed ReSOlutlOn NO. 2515 IN THE SOUTH BEND CENTRAL DEVELOPMENT <br />UREA <br />17 <br />