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South Bend Ralcyclopmcnt Commission <br />Regular Mccting l~~oycmbcr 7. 200 <br />6. NL~~' BCSINGSS (('ONT.) <br />C. South Bend Central De~~clopment Arcs <br />(7) continued... <br />1~s. Larucnt said that she has had no <br />indication that Mr. Frcidlinc is stalling ~m the <br />project. Quilc the opposite, he is anxious hi <br />nunc ahead. The delay in closing that ryas <br />suggested might be a problem. ~w'e arc tryin~~ <br />to get this pr~~pcrty into his hands. <br />Ms. King asked if the Conunission ~~~ould <br />hayc a buyback clause in the event the <br />project did not nu~~r fbr~yard. !Vls. Laurent <br />responded that staff 1~cls, in any use oi~the <br />buildin~~. it is a natural fit for the parkin~~ lot <br />to belong to the a~yner of the .IMS building. <br />Upon a motion by Mr. Do~yncs, seconded by <br />Mr. Varner and unanimously carried. the <br />Commission approved the sale of 118 V'. <br />Main to John Frcidlinc at 5200,000 and <br />instructed staff to prepare a contract tier sale <br />of land. <br />(8) Resolution No. 2525 approving of the <br />execution of an Addendum to the Second <br />Addendum to Lease beh~~cen the South <br />Bend Rcdc~~elopmcut Commission for the <br />Centur}~ Center Project and establishing <br />certain foods and accounts rclatiu;; to the <br />pa}~ment of the rentals therefore. <br />Mr. lnhs noted that the C~enturv Centu~ bonds <br />tinally sold last ~ycek. so those improvements <br />can finally nun~c t~~r~yard. .As a consa~ucncc <br />of that sale. w~c nosy knu~y ~yhat the actual <br />laisc pa}~ments ~yill bc, so ~yc need to amend <br />the Icase payment schedule that ryas <br />estimated in the Lease. The original <br />Cont~u~su~~ ~rn~oyro riu s,arr~~r 118 N. <br />l~'1 41AlY) IUIIV 1-R17DI_I'~'I -AT x'_(10.000 -LSD <br />i~sru< < i i-u si nrr ro rrii~nizr n ~'o~ nz ~c i <br />r~~iz s Sri ur i ,~~u <br />12 <br />