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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 />(7) continued... <br />Setting the Fair Lease Value of Property in <br />the South Bend Central Development Area. <br />(8) Specifications for Master Lease of <br />Redevelopment Retail Properties. <br />Ms. Jennings noted that the Specifications <br />have been designed in a way that releases the <br />Redevelopment Commission from being a <br />direct lesser of the retail space and specifies <br />the same lease terms the Commission <br />currently uses. <br />Upon a motion by Mr. Blake, seconded by <br />Ms. King and unanimously carried, the <br />Commission approved the Specifications for <br />Master Lease of Redevelopment Retail <br />Properties. <br />(9) Authorization to Publish Notice of <br />Intended Lease of Property with <br />publication dates of October 22, 2008 and <br />November 6, 2008 and receipt of bids at <br />9:00 a.m., December 5, 2008. <br />Upon a motion by Mr. Blake, seconded by <br />Ms. King and unanimously carried, the <br />Commission authorized publication of the <br />Notice of Intended Lease of Property with <br />publication dates of October 22, 2008 and <br />November 6, 2008 and receipt of bids at <br />9:00 a.m., December 5, 2008. <br />(10) Resolution No. 2481 related to acquisition <br />of property in the South Bend Central <br />Development Area. (SW corner Wayne & <br />William) <br />18 <br />COMMISSION APPROVED THE SPECIFICATIONS <br />FOR MASTER LEASE OF REDEVELOPMENT <br />RETAIL PROPERTIES <br />COMMISSION AUTHORIZED PUBLICATION OF THE <br />NOTICE OF INTENDED LEASE OF PROPERTY WITH <br />PUBLICATION DATES OF OCTOBER 22, 2008 AND <br />NOVEMBER 6, 2008 AND RECEIPT OF BIDS AT <br />9:00 A.M., DECEMBER 5, 2008 <br />