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SOUTH BEND REDEVELOPMENT COMMISSION
SPECIAL MEETING
June 28, 1996
10:00 a.m.
Presiding: Paula N. Auburn
President
1. ROLL CALL
Members Present:
Members Absent:
Legal Counsel:
Redevelopment Staff:
Media:
Others:
2. NEW BUSINESS
a. Commission approval requested for
Contract for Sale of Land with
Sycamore Knoll, Inc. in the Airport
Economic Development Area.
Mrs. Manier noted that this agreement is
an addendum to the proposal from
Sycamore Knoll, Inc. that was accepted
by the Redevelopment Commission a few
months ago. The Redevelopment staff
has been working with Robert Gonderman
since that time to refine the exact
obligations of each of the parties. Ms.
1308 County -City Building
227 W. Jefferson Boulevard
South Bend, Indiana
Ms. Paula N. Auburn, President
Mr. Robert W. Hunt, Vice - President
Mr. William P. Hojnacki, Secretary
Mr. Michael Donoho
Mr. Philip J. Faccenda
Ms. Jenny Pitts Manier
Mrs. Ann Kolata, Director
Mr. James Riggs, Economic Development Specialist
Ms. Vangelean Binion, Recording Secretary
Mr. Don Porter, South Bend Tribune
Mr. Robert Gonderman, Sycamore Knoll, Inc.
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South Bend Redevelopment Commission
Regular Meeting - June 28, 1996
Manier explained that there were a few
changes made since the original proposal.
Mrs. Manier noted that the purchase price
for Tract One, which is the southern
portion of Lot 1, is $25,000/an acre and
the parcel is approximately 3.78 acres in
size. Sycamore Knoll, Inc. proposes to
construct an event center on that parcel
and potentially, if the market conditions
are favorable, they plan to construct an
office building as well. The event center
is expected to be a catering facility for
businesses to rent receptions, or
programs. Mr. Gonderman hopes to have
some satellite communication system
installed to facilitate teleconferencing.
Mrs. Manier noted that the
Redevelopment Commission will be
facilitating the development by
contributing to the construction of a drive
that will allow access off of Nimtz and
Mayflower Road and will bring utilities to
the property. The agreement also
concerns the northern portion of Lot 1,
which Mr. Gonderman has the right to
purchase sometime within the next five
years in order to build an office building
on that parcel of land.
Mrs. Manier noted that there is an
exculator clause in the contract, that the
price goes up after three years and again
after four years, from $25,000 to
$30,000, then $35,000 an acre. The
agreement sets forth the obligations of the
parties with respect to the development of
the second tract.
Mr. Gonderman explained that Sycamore
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South Bend Redevelopment Commission
Regular Meeting - June 28, 1996
Knoll, Inc. expects is to have possession
of the building itself in early November
to put together a couple of functions just
for the community to help test the
facility. They plan to start business in
early December.
Upon a motion by Mr. Donoho, seconded
by Mr. Hojnacki and unanimously
carried, the Commission approved the
Contract for Sale of Land with Sycamore
Knoll, Inc. in the Airport Economic
Development Area.
7. PROGRESS REPORTS
Mrs. Kolata noted that Design Packaging
grand opening was yesterday and it is a
lovely building.
8. NEXT CONEMSSION MEETING:
The next Meeting of the Redevelopment
Commission is scheduled for Wednesday,
July 3, 1996 at 10:00 a.m. This is a
rescheduled meeting, taking the place of the
meeting originally scheduled for July 5th.
9. ADJOURNMENT
There being no further business to come
before the Redevelopment Commission, Ms.
Auburn made a motion that the meeting be
adjourned. Mr. Donoho seconded the motion
and the special meeting was adjourned at
10:15 .
Paula N. Auburn, President
Icle
COMMISSION APPROVED THE CONTRACT FOR
SALE OF LAND WITH SYCAMORE KNOLL, INC.
IN THE AIRPORT ECONOMIC DEVELOPMENT
AREA
NEXT COMMISSION MEETING - JULY 3T14
Ann E. Kolata, Director