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South [3cnd Rcdc~~clopment Commission <br />Rc~~ul~~r Nicctin~~ -No~~cmbcr 21. ?OOh <br />6. NE~'1' BUSINESS (CONT.) <br />B. South [3cnd Central Development Arcs <br />(1) continued... <br />term tenant and should have been a <br />reasonable request. Mr. Inks indicated that <br />staff had not considered that request, since <br />the lease ~,~-as just renewed fibr fii~~e years. <br />Ms. Jones said she thought the jump from the <br />tirst vcar to the terms of the second year ~~as <br />u large leap and thinks this adjustment is <br />reasonable. 'Vls. Jones suggested ~~~c take a <br />look at the lease each vcar to sec if it needs to <br />be adjusted. <br />Ms. Jones noted that an empty building is not <br />only unsi~~htl~. but it isn~t ~~aying payroll and <br />income lases. Als~~. the cost of tenant <br />impro~ ancnts f~~r a nc~a taunt ~~~uuld far <br />escccd the concessions bein~~ nuuic here. <br />Upon a motion by y~lr. Do~rncs, seconded by <br />'Vls. ]~in~a and tmaninunisly carried the <br />Commission appro~ al the Icisc proposal t~~r <br />1?7 S. Michi~~nn Street. with the additional <br />requirement that the Lease terms be re~ic~red <br />annually. 1LcPccps Rcstaw<uit. ~~ichigan St. <br />Shops) <br />C. Airport Economic Development Area <br />(1) Appointment of members to Board of <br />Directors of the O~sners Association at <br />Blackthorn. (P1~illiam ~lischcl, three <br />~~cars; ~l'illiam Pauzica, one ~~car) <br />Mr. Inks noted that ~~~hile the Conunission <br />remains the lar~~est lando~~~ner at Elackthorn <br />Corporate Park. it appoints all three mcmhcrs <br />Co~~~ussiu~ ni~i~izo~t o i uc rensr i~aoi~osn~ <br />rrnz I'"S.A1icnic,~~sikni.~~~nn ini_ <br />noon ion-~i_ ~tr<x iitr~n,~ i i n:a_i i ui I [..asi_ <br />i iit~is iv_ itr~ n ~~i o ~~~~ ,~u v. (Li[Y~t=ins <br />Rise ~i iz~~~. 11ic nic, ~~ S i. Siio~~sl <br /> <br />