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South Bend Redevelopment Commission <br />Regular Meeting –December 19, 2008 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />B. South Bend Central Development Area <br /> <br />(1) continued… <br /> <br />Mr. Varner asked if there is a contingency <br />that the property revert back to Mary Coyne <br />if Mr. Freidline does not proceed with the <br />purchase. Ms. Laurent responded that there <br />will be a simultaneous closing. The <br />Commission won’t end up with the property. <br /> <br />CC <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED THE ONTRACT FOR <br />SL(118N.MS.) <br />ALE OF AND AIN T <br />Mr. Varner and unanimously carried, the <br />Commission approved the Contract for Sale <br />of Land (118 N. Main St.) <br /> <br /> <br />(2) Approval to exercise Option to Purchase <br />(118 N. Main St. from Mary Coyne <br />Investments) <br /> <br />Ms. Laurent noted that this is a request to <br />allow staff to exercise the Option to Purchase <br />with Mary Coyne Investments so that the sale <br />can be completed. <br /> <br />C <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION AUTHORIZED STAFF TO EXERCISE <br />OP(118N.MS. <br />THE PTION TO URCHASE AIN T <br />Mr. Varner and unanimously carried, the <br />MCI) <br />FROM ARY OYNE NVESTMENTS <br />Commission authorized staff to exercise the <br />Option to Purchase (118 N. Main St. from <br />Mary Coyne Investments) <br /> <br /> <br />(3) Staff report on Proposals for Management <br />of City of South Bend and Redevelopment <br />Commission Parking Garages. <br /> <br />Ms. Jennings noted that two proposals were <br />received on December 5 for management of <br />the City of South Bend and Redevelopment <br />Commission parking garages, one from <br />Ampco Systems which currently manages the <br /> 10 <br /> <br />