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HomeMy WebLinkAboutRM 10-20-00SOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING October 20, 2000 10:00 a.m. Presiding: Robert W. Hunt, President 1. ROLL CALL Members Present: Members Absent: Legal Counsel: 1308 County -City Building 227 West Jefferson Boulevard South Bend, Indiana Mr. Robert W. Hunt, President Ms. Marcia Jones, Vice - President Mr. Jim Caldwell, Member Mr. Philip J. Faccenda, Secretary Mr. Matt Kahn, Member Ms. Cheryl Greene Redevelopment Staff: Mr. Don Inks, Director Ms. Debi Perkins, Recording Secretary Mr. Owen Rock, Economic Development Specialist Mr. Andy Laurent, Economic Development Specialist Mr. Michael Giulioni, Economic Development Specialist Mr. Robert Case, Economic Development Specialist Ms. Sandy Moran, Economic Development Specialist Mr. Marco Mariani, Economic Development Specialist Others Present: Mr. Tom Gyuriak, GV W Realty, LLC Ms. Carol Gyuriak, GV W Realty, LLC Mr. Dave Coker, Property Owner Mr. Steve Hartz, Value Tool & Engineering, Inc. Mr. Nevin Squeiria, Value Tool & Engineering, Inc. Mr. John Cleaver, Gibbs Wire & Steel Company, Inc. Mr. Philip Panzica, Panzica Development Group Mr. Richard Taylor, Property Owner Ms. Shirley Fulton, Property Owner Mr. Brad Toothaker, CB Richard Ellis -1- South Bend Redevelopment Commission Regular Meeting - October 20, 2000 2. APPROVAL OF MINUTES a. Commission approval of the Minutes of the Special Meeting of October 13, 2000. Upon a motion by Ms. Jones, seconded by Mr. Caldwell and unanimously carried, the Commission approved the Minutes of the Special Meeting of October 13, 2000. 3. CLAIMS COMMISSION APPROVED THE MINUTES OF THE SPECIAL MEETING OF OCTOBER 13, 2000 Redevelopment Commission Claims submitted October 20, 2000 for approval and ratification. 212 CDBG COMMUNITY DEVELOPMENT Thomas General Construction $60.00 H. S. Altman Incorporated $315.00 South Bend Water Works $.51 Boise Cascade Office Products $242.29 South Bend Tribune $89.35 Tri- County News, Inc. $130.92 City Clerk $10.61 324 FUND Kankakee Valley Construction $7,799.04 Meridian Title $82,750.00 414 SAMPLE -EWING FUND Rieth -Riley Construction Co, Inc. $143,463.28 CFH Landscape Services $3,875.50 South Bend Water Works $4,021.72 Hull & Associates, Inc. $228.75 Knapp Environmental Construction Service $56,050.00 Brian Horvath $425.00 Biain Horvath $425.00 Thomas General Construction $100.00 L. L. Geans Construction Co. $4,000.00 420 SBCDA Jerome E. Michaels $2,000.00 R.E. McCloskey & Associates, Inc. $1,500.00 ESI /SER $455.00 -2- South Bend Redevelopment Commission Regular Meeting - October 20, 2000 3. CLAIMS (CONT.) 424 TIF- SBCDA- BUILDING OPERATIONS South Bend Water Works $155.97 C & S Service, Inc. $220.95 CB Richard Ellis South $1,159.44 American Electric Power $856.86 NIPSCO $12.14 619 BLACKTHORN Meadowbrook Golf Group, Inc. $7,450.00 Total All Claims $317,797.33 Upon a motion by Mr. Caldwell, seconded by COMMISSION APPROVED THE CLAIMS Ms. Jones and unanimously carried, the SUBMITTED OCTOBER 20, 2000, AND Commission approved the Claims submitted ORDERED THE CHECKS TO BE RELEASED October 20, 2000, and ordered the checks to be released. 4. COMMUNICATIONS There were no Communications. THERE WERE NO COMMUNICATIONS 5. OLD BUSINESS a. Staff report on acquisition of property in the South Bend Central Development Area. (Crowe Chizek Expansion Acquisition, Part of Parcel C7 -1; Parcel A; Parcel B; Parcel C; and Parts of Parcel C10 -1; Parcel D) Mr. Inks asked that the item be tabled. There THE ITEM WAS TABLED was no objection and the item was tabled. -3- South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS a. Commission approval requested for Resolution No. 1803 approving an application for real property tax deduction for property located at 4411 Quality Drive in the Airport Economic Development Area. (GVW Realty, LLC) Ms. Moran reported that GVW Realty, LLC proposes to build a 32,000 sq. ft. warehouse /distribution facility on approximately 5 acres of land. She stated that the project is estimated to create six (6) new permanent jobs within the first year and maintain thirty -three (33) existing permanent full -time jobs that will generate an annual payroll of $1,067,139. The petitioner has not been granted any previous tax abatements and the project is properly zoned for the proposed project. The property is located in the Airport Economic Development Area which is a Tax Incremental Allocation Area. The project qualifies for a 3 -year real property tax abatement under the Tax Abatement Ordinance Without abatement, the taxes on the $1,126,000 project would be approximately $167,762. With a three -year abatement, the taxes paid would be approximately $55,921. Therefore, the cost of the abatement is approximately $111,841 over the three -year period. Upon a motion by Ms. Jones, seconded by Mr. Caldwell and unanimously carried, the Commission approved Resolution No. 1803 approving an application for real property tax deduction for property located at 4411 Quality Drive in the Airport Economic Development Area. (GVW Realty, LLC) 10 COMMISSION APPROVED RESOLUTION NO. 1803 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 4411 QUALITY DRIVE IN THE AIRPORT ECONOMIC DEVELOPMENT AREA (GVW REALTY, LLC) South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) b. Commission approval requested for Resolution No. 1804 approving an application for real property tax deduction for properties located at 1904, 1912, 1920, 2004, and 2012 Phillipa St. in the Sample -Ewing Development Area. (Dave Coker) Ms. Moran reported that the petitioner proposes to build five new single family houses that will be approximately 1,000 to 1,200 sq. ft. each. The houses will have three bedrooms and an attached two car garage. She noted that the cost for each new home is estimated to be $80,000, making the total project cost approximately $400,000. The petitioner has previously been granted several 5 year tax abatements. The property is properly zoned for the proposed project. The property is located in the Sample -Ewing Development Area which is a Tax Incremental Allocation Area. The project qualifies for a 5- year residential property tax abatement under the Tax Abatement Ordinance Without abatement, the taxes on the $400,000 project would be $10,842.34. With a five -year abatement, the taxes paid would be approximately $3,614.11. Therefore, the cost of the abatement is approximately $7,228.23 over the five -year period. Upon a motion by Ms. Jones, seconded by Mr. Caldwell and unanimously carried, the Commission approved Resolution No. 1804 approving an application for real property tax deduction for properties located at 1904, 1912, 1920, 2004, and 2012 Phillipa St. in the Sample - Ewing Development Area. (Dave Coker) -5- COMMISSION APPROVED RESOLUTION NO. 1804 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTIES LOCATED AT 1904, 1912, 1920, 2004, AND 2012 PHILLIPA ST. IN THE SAMPLE - EWING DEVELOPMENT AREA (DAVE COKER) South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) c. Commission approval requested for Resolution No. 1800 approving an application for personal property tax deduction for property located at 2629 Foundation Dr. in the Airport Economic Development Area. (Value Tool & Engineering, Inc.) Ms. Moran reported that the petitioner proposes to purchase new manufacturing equipment in order to increase production. She noted that the estimated project cost is approximately $450,000 and it is estimated that this project will create ten (10) new permanent full -time jobs within the first year and will maintain twelve (12) full -time jobs for an annual payroll of $400,000. The petitioner has not been granted any previous tax abatements and that the property is properly zoned for the proposed use. The property is located in the Airport Economic Development Area which is a Tax Incremental Allocation Area. The project qualifies for a 5 -year personal property tax abatement under the Tax Abatement Ordinance Without abatement, the taxes on the $450,000 project would be approximately $43,356. With a five -year abatement, the taxes paid would be approximately $14,839. Therefore, the cost of the abatement is approximately $28,516 over the five -year period. Upon a motion by Mr. Caldwell, seconded by Ms. Jones and unanimously carried, the Commission approved Resolution No. 1800 approving an application for personal property tax deduction for property located at 2629 Foundation Drive in the Airport Economic Development Area. (Value Tool & Engineering, Inc.) Son COMMISSION APPROVED RESOLUTION NO. 1800 APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 2629 FOUNDATION DRIVE IN THE AIRPORT ECONOMIC DEVELOPMENT AREA (VALUE TOOL & ENGINEERING, INC.) South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) d. Commission approval requested for Resolution No. 1801 approving an application for real property tax deduction for property located at 3751 Olive Road in the Airport Economic Development Area. (Gibbs Wire & Steel Company, Inc.) Ms. Moran reported that the petitioner intends to build a 167,000 sq. ft. distribution facility on approximately 15 acres. She noted that the project cost is approximately $5.5 million and it is estimated that the project will create 3 to 5 new, permanent full -time jobs within the first year and will maintain 38 existing permanent full -time jobs for an annual payroll of $1,700,000. The petitioner has not been granted any previous tax abatements and the property is properly zoned for the proposed use. The property is located in the Airport Economic Development Area which is a Tax Incremental Allocation Area. The project qualifies for a 10 -year real property tax abatement under the Tax Abatement Ordinance. Without abatement, the taxes on the $5.5 million project would be approximately $2,731,471. With a ten -year abatement, the taxes paid would be approximately $1,379,393. Therefore, the cost of the abatement is approximately $1,352,078 over the ten -year abatement. Upon a motion by Ms. Jones, seconded by Mr. Caldwell and unanimously carried, the Commission approved Resolution No. 1801 approving an application for real property tax deduction for property located at 3751 Olive Road in the Airport Economic Development Area. (Gibbs Wire & Steel Company, Inc.) -7- South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) e. Commission approval requested for Lease Agreement with Le Peep, Inc. of South Bend. (Lease areas 3 & 4 in the Michigan St. Shops) Mr. Giulioni reported that the Commission had previously accepted Le Peep's proposal at its September 15, 2000 meeting and now the lease needs to be signed. He noted that area to be leased is 2,703 sq. ft. and the term of the lease is 6 years and 6 month. Upon a motion by Mr. Caldwell, seconded by COMMISSION APPROVED THE LEASE Ms. Jones and unanimously carried, the AGREEMENT WITH LE PEEP, INC. OF SOUTH BEND (LEASE AREA 3 & 4 IN THE MICHIGAN Commission approved the Lease Agreement with ST. SHOPS) Le Peep, Inc. of South Bend. (Lease area 3 & 4 in the Michigan St. Shops) L Commission approval requested for professional services in the South Bend Central Development Area. (Appraisal services for 101 N. Michigan St., Parcel No. C4 -41) Mr. Giulioni explained that the South Bend Downtown Partnership has identified the property at 101 N. Michigan St., Parcel No. C4- 41 as a high priority redevelopment site for downtown South Bend. He stated that the Partnership recognized that the Commission will need to act as the acquiring body in order to make the project a reality. Mr. Giulioni went on to say the property will need to be appraised so that it may be added to the South Bend Central Development Area Acquisition List. He noted that the staff had received two proposals for the work, one from R.E. McCloskey & Associates, Inc. in the amount of $4,500 and the other one from Im South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) L continued... Jerome E. Michaels in the amount of $4,000. The staff recommends accepting the proposal from Jerome E. Michaels. Upon a motion by Ms. Jones, seconded by Mr. Caldwell and unanimously carried, the Commission approved the proposal from Jerome E. Michaels in the amount of $4,000. (Appraisal services for 101 N. Michigan St., Parcel No. C4- 41) g. Commission approval requested for professional services in the Sample -Ewing Development Area. (Appraisal of Allied Stamping Plant, Studebaker Corridor) Mr. Laurent explained that two appraisals are necessary to estimate the market value of the property. He stated that the staff has received two proposals for the appraisal of the Allied Stamping Plant, one from R.E. Pitts & Associates, Inc. in the amount of $9,500 and the other from Jerome E. Michaels, MAI, in the amount of $10,000. The staff recommends accepting both proposals. Upon a motion by Mr. Caldwell, seconded by Ms. Jones and unanimously carried, the Commission approved the proposal from R. E. Pitts & Associates, Inc in the amount of $9,500 and the proposal from Jerome E. Michaels, MAI, in the amount of $10,000. (Appraisal of Allied Stamping Plant, Studebaker Corridor) In COMMISSION APPROVED THE PROPOSAL FROM JEROME E. MICHAELS IN THE AMOUNT OF $4,000 (APPRAISAL SERVICES FOR 101 N. MICHIGAN ST., PARCEL NO. C441) COMMISSION APPROVED THE PROPOSAL FROM R.E. PITTS & ASSOCIATES IN THE AMOUNT OF $9,500 AND THE PROPOSAL FROM JEROME E. MICHAELS, MAI, IN THE AMOUNT OF $10,000 (APPRAISAL OF ALLIED STAMPING PLANT, STUDEBAKER CORRIDOR) South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) h. Public Hearing on Resolution No. 1795 amending the Sample -Ewing Development Plan. Mr. Inks noted that Resolution No. 1795 was a resolution amending the Sample -Ewing Development Plan by adding several properties to the acquisition list. He noted that all required notices have been published and that no public remonstrances have been filed. Ms. Greene stated that all property owners have been notified, also. Mr. Hunt opened the Public Hearing and asked if there was anyone from the public who wished to speak. There being no one wished to speak, Mr. Hunt closed the Public Hearing, for whatever action the Commission wished to take. i. Commission approval requested for Resolution No. 1795. Upon a motion by Mr. Caldwell, seconded by Ms. Jones and unanimously carried, the Commission approved Resolution No. 1795 amending the Sample -Ewing Development Plan. j. Public Hearing on Resolution No. 1796 expanding the boundaries of the Airport Economic Development Area, expanding the Allocation Area for purposes of Tax Increment financing and amending the Airport Economic Development Area Development Plan. Ms. Greene noted that all required notices have been published, the property owners have been notified, and no public remonstrances have been filed. -10- COMMISSION APPROVED RESOLUTION NO. 1795 South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) j. continued... Mr. Case presented a map that detailed the streets and properties included in the proposed expansion plan. Mr. Hunt opened the Public Hearing for Resolution No. 1796 for anyone who wished to speak. Mr. Hunt asked if there was anyone from the public who wished to address the Commission. Mr. Taylor stated that he had received a letter and was interested if and how his property would be affected. He noted that he was unsure of where the boundaries of the plan were and asked that his property be pointed out to him on the map. Mr. Case pointed out Mr. Taylor's property to him and explained how it would fit into the expansion. There was no one else who wished to speak. Mr. Hunt closed the Public Hearing on Resolution No. 1796, for whatever action the Commission wished to take. L Commission approval requested for Resolution No. 1796. Upon a motion by Ms. Jones, seconded by Mr. Caldwell and unanimously carried, the Commission approved Resolution No. 1796. -11- COMMISSION APPROVED RESOLUTION NO. 1796 South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) 1. Public Hearing on Resolution No. 1798 amending the Airport Economic Development Area Development Plan. Ms. Greene stated that all required notices have been published, that all property owners have been notified, and that no public remonstrances have been filed. Mr. Rock explained that Resolution No. 1798 amends the plan to add the Staszewski property to the acquisition list. Mr. Rock explained that there are five houses along Olive Road that are not part of the TIF area. The City of South Bend has annexed the property into the city limits. He stated that the city has come to an agreement with one property owner to purchase her property. Mr. Hunt opened the Public Hearing on Resolution No. 1798 amending the Airport Economic Development Area Development Plan. He asked if there was anyone from the public who wished to address the Commission. There not being anyone who wished to speak, Mr. Hunt closed the Public Hearing on Resolution No. 1798 for whatever action the Commission wished to take. m. Commission approval requested for Resolution No. 1798. Upon a motion by Ms. Jones, seconded by Mr. Caldwell and unanimously carried, the Commission approved Resolution No. 1798. -12- COMMISSION APPROVED RESOLUTION NO. 1798 South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) n. Commission approval requested for Resolution No. 1799 approving the acquisition of real property in the Airport Economic Development Area. (52738 Olive Rd., James and Melissa Staszewski) Mr. Rock explained that Resolution No. 1799 is for permission from the Commission to purchase property. He noted that the City and the property owners have agreed upon the purchase price of $82,750. Upon a motion by Mr. Caldwell, seconded by Ms. Jones and unanimously carried, the Commission approved Resolution No. 1799 approving the acquisition of real property in the Airport Economic Development Area. (52738 Olive Rd., James and Melissa Staszewski) o. Commission approval requested for professional services in the Airport Economic Development Area. (Appraisal update, Bosch Braking System Corp.) Mr. Case explained that if Bosch is to be put on the acquisition list, there must be two appraisals done to determine the fair market value of the property. He noted that the staff has received two proposals, one from R.E. Pitts & Associates, Inc. and the other from David A Waszak. Both proposals are in the amount of $3,500. The staff recommends accepting both proposals. Upon a motion by Mr. Caldwell, seconded by Ms. Jones and unanimously carried, the Commission accepted the proposals from R.E. Pitts and David A. Waszak for professional services in the Airport Economic Development Area. (Appraisal update, Bosch Braking System Corp.) -13- COMMISSION APPROVED RESOLUTION NO. 1799 APPROVING THE ACQUISITION OF REAL PROPERTY IN THE AIRPORT ECONOMIC DEVELOPMENT AREA (52738 OLIVE RD., JAMES AND MELISSA STASZEWSKI) COMMISSION APPROVED BOTH PROPOSALS FOR PROFESSIONAL SERVICES IN THE AIRPORT ECONOMIC DEVELOPMENT AREA (APPRAISAL UPDATE, BOSCH BRAKING SYSTEM CORP.) South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) p. Commission approval requested to rescind the purchase agreement and return earnest money for property located on William Richardson Court in the Toll Road Industrial Park. (The Holladay Group) Mr. Inks explained that the staff had received a letter from the Holladay Group requesting to withdraw their offer to purchase land adjacent to Tech Data. He noted that the letter also stated that the contract expired some time ago and The Holladay Group requests a return of the $9,600 earnest money that was paid to the City. Upon a motion by Mr. Caldwell, seconded by Ms. Jones and unanimously carried, the Commission approved the rescission of the purchase agreement and authorized the return of the earnest money for property located on William Richardson Court in the Toll Road Industrial Park. (The Holladay Group) q. Commission approval requested for Loan and Grant in connection with the Affordable Loan Program for property located at 1013 Altgeld. (Susann Schultz) Mr. Inks noted that the loan and grant is for home improvement. He stated that the loan portion amount is $6,650 and the grant portion amount is $1,588.40. Upon a motion by Ms. Jones, seconded by Mr. Caldwell and unanimously carried, the Commission approved the Loan and Grant in connection with the Affordable Loan Program for property located at 1013 Altgeld. (Susann Schultz) -14- COMMISSION APPROVED THE REQUEST TO RESCIND THE PURCHASE AGREEMENT AND RETURN EARNEST MONEY FOR PROPERTY LOCATED ON WILLIAM RICHARDSON COURT IN THE TOLL ROAD INDUSTRIAL PARK (THE HOLLADAY GROUP) COMMISSION APPROVED THE LOAN AND GRANT IN CONNECTION WITH THE AFFORDABLE LOAN PROGRAM FOR PROPERTY LOCATED AT 1013 ALTGELD (SUSANN SCHULTZ) South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) r. Commission approval requested for professional services in the South Bend Central Development Area. (Construction drawings for the Morris Civic Fountain) Mr. Giulioni explained that before the repair project can move forward, construction drawings must be completed. He noted that the staff has received a proposal from Wesco Fountains, Inc. to produce the construction drawings in the amount of $2,775. Upon a motion by Mr. Caldwell, seconded by Ms. Jones and unanimously carried, the Commission approved the request for professional services in the South Bend Central Development Area. (Construction drawings for the Morris Civic Fountain) s. Commission approval requested for the Execution of Right of Entry for property owned by AEP in the Sample -Ewing Development Area. (New jail site) Ms. Greene explained that the existing Right of Entry agreement with Indiana - Michigan Power (formally AEP) expires at the end of October and the jail construction crew still needs access to the property. She noted that St. Joseph County and Indiana - Michigan Power have already signed the agreement. Upon a motion by Ms. Jones, seconded by Mr. Caldwell and unanimously carried, the Commission approved the Execution of Right of Entry for property owned by AEP in the Sample - Ewing Development Area. (New jail site) -15- COMMISSION APPROVED THE REQUEST FOR PROFESSIONAL SERVICES IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA (CONSTRUCTION DRAWINGS FOR THE MORRIS CIVIC FOUNTAIN) COMMISSION APPROVED THE EXECUTION OF RIGHT OF ENTRY FOR PROPERTY OWNED BY AEP IN THE SAMPLE -EWING DEVELOPMENT AREA (NEW JAIL SITE) South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) t. Commission approval requested for professional services in the Sample -Ewing Development Area. (Title Polices for the Oliver Plow Works and South Bend Stamping Plant) Mr. Laurent explained that preliminary title work needs to be done for all of the properties that have recently been added to the requisition list. He stated that the staff has received two proposals, one from Meridian Title Corporation in the amount of $500 and the other one from Metropolitan Title Company in the amount of $1,000. The staff recommends accepting the proposal from Meridian Title Corporation. Upon a motion by Mr. Caldwell, seconded by Ms. Jones and unanimously carried, the Commission approved the proposal from Meridian Title Corporation for professional services in the Sample -Ewing Development Area. (Title Policies for the Oliver Plow Works and South Bend Stamping Plant) u. Commission approval requested for Resolution No. 1802 approving the transfer of real property to the City of South Bend, Indiana. Mr. Mariani explained that Resolution No. 1802 is part of the on -going partnership with American Home Dreams. He stated that the resolution transfers nine (9) properties along Broadway St. at the intersection of St. Joseph and Marietta Sts. to the Board of Public Works for the eventual transfer to American Home Dreams, so that these sites can be developed for new housing. -16- COMMISSION APPROVED THE PROPOSAL FROM MERIDIAN TITLE CORPORATION FOR PROFESSIONAL SERVICES IN THE SAMPLE - EWING DEVELOPMENT AREA (TITLE POLICIES FOR THE OLIVER PLOW WORKS AND SOUTH BEND STAMPING PLANT) South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) u. continued... Mr. Mariani noted that the Board of Public Works will be selling the properties to American Home Dreams for the sum of $1.00 as part of the agreement. Mr. Hunt noted for the record that Mr. Jon Hunt serves on the Board of American Home Dreams. Upon a motion by Ms. Jones, seconded by Mr. Caldwell and unanimously carried, the Commission approved Resolution No. 1802 approving the transfer of real property to the City of South Bend, Indiana. v. Receipt of Bids for the Palais Royale Retail Space. Mr. Giulioni reported that today was the deadline for bids for the Palais Royale retail space and as of today, no bids have been received. He noted that if anyone submits a bid within the next 30 days to lease the property as it was offered, it will be considered. Thereafter, the staff may negotiate the terms directly with anyone interested in the property. There was no Commission action required. w. Commission approval requested for a thirty (30) day Lease Extension. ( Billie's Catering) Ms. Greene explained that she had received a fax from Billie's Catering, asking to withdraw her notice of termination of her lease. She stated that the lease expires on October 31, 2000 and the letter asked the Commission to extend the lease for thirty (30) days to allow the leasee to enter into a discussion with a potential purchaser for -17- COMMISSION APPROVED RESOLUTION NO. 1802 APPROVING THE TRANSFER OF REAL PROPERTY TO THE CITY OF SOUTH BEND, INDIANA THERE WAS NO COMMISSION ACTION REQUIRED South Bend Redevelopment Commission Regular Meeting - October 20, 2000 6. NEW BUSINESS (CONT.) w. continued... the business. Ms. Greene also noted that the extension would give the Commission time to see if the potential purchaser would be acceptable as a tenant. Upon a motion by Ms. Jones, seconded by Mr. Caldwell and unanimously carried, the Commission accepted the withdrawal of the notice of termination of the lease agreement and approved the thirty (30) day Lease Extension (Billie's Catering) 7. PROGRESS REPORTS Mr. Giulioni presented an example of the sign that was designed especially for the tenants of the Michigan Street shops that will hang above the entrance to their business. 8. NEXT COMMISSION MEETING The next Regular Meeting of the Redevelopment Commission is scheduled for November 3, 2000, at 10:00 a.m. 9. ADJOURNMENT There being no further business to come before the Redevelopment Commission, Ms. Jones made a motion that the meeting be adjourned. Mr. Caldwell seconded the motion and the meeting was adjourned at 11:03 a.m. -18- COMMISSION ACCEPTED THE WITHDRAWAL OF THE NOTICE OF TERMINATION OF THE LEASE AGREEMENT AND APPROVED THE THIRTY (30) DAY LEASE EXTENSION (BILLIE'S CATERING) PROGRESS REPORTS NEXT COMMISSION MEETING ADJOURNMENT D nald E. Inks, Director