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South Bend Redevelopment Commission <br /> Regular Meeting—October 16, 2014 <br /> 6. NEW BUSINESS (CONT.) <br /> B. Public Hearings <br /> (14) continued... <br /> Upon a motion by Mr. Downes, seconded by Ms. Schey and unanimously carried, the <br /> Commission approved Resolution No. 3245. <br /> (15) Consideration of Resolution No. 3246 appropriating and transferring monies for the <br /> purpose of funding certain projects for the fiscal year beginning January 1, 2015 and <br /> ending December 31,2015 (2003 Airport Bond). <br /> Ms. Leonard-Inks noted that Resolution No. 3246 appropriates $5,000.00 from Fund 315 <br /> (Airport 2003 Debt Reserve Fund) <br /> Upon a motion by Mr. Downes, seconded by Ms. Schey and unanimously carried, the <br /> Commission approved Resolution No. 3246. <br /> (16) Consideration of Resolution No. 3247 appropriating and transferring monies for the <br /> purpose of funding certain projects for the fiscal year beginning January 1, 2015 and <br /> ending December 31, 2015 (2003 Downtown Bond). <br /> Ms. Leonard-Inks noted that Resolution No. 3247 appropriates $6,000.00 from Fund 328 <br /> (SBCDA 2003 Debt Reserve Fund). <br /> Upon a motion by Mr. Downes, seconded by Ms. Schey and unanimously carried, the <br /> Commission approved Resolution No. 3247. <br /> C. South Bend Central Development Area <br /> (1) Lease with Tapastrie, LLC (Pt floor tenant space, 103 W. Colfax) <br /> Mr. Zeeb noted that a new restaurant concept has been proposed for 103 W. Colfax, the <br /> first floor retail space in the Palais Royale. The concept was presented to the Commission <br /> on July 10 at which time the Commission authorized staff to prepare a lease based on that <br /> concept. Tapastrie is a new small plate and wine tasting restaurant concept. The proposed <br /> lease with Tapastrie LLC is a 40 month lease with the first four months offered as a <br /> stabilization period. The new tenant plans an extensive nonstructural remodel of the space <br /> to provide the look, feel and atmosphere for the new concept. The proposed rent is $3,481 <br /> per month plus CAM expenses. The lease is planned to begin on November 1, 2014. Staff <br /> requests approval of the lease with Tapastrie LLC. <br /> Ms. Meehan noted that she and her husband are not only business owners downtown (The <br /> Hearth Restaurant), but they live downtown. They had already been talking with a partner <br /> about opening a wine bar in downtown, so when this space in the Palais opened up, they <br /> 8 <br />