HomeMy WebLinkAboutagenda item 2015 0520 rda 02aSOUTH BEND REDEVELOPMENT AUTHORITY
REGULAR MEETING
May?, 2015
8:30 a.m.
1308 County-City Building
227 West Jefferson Boulevard
South Bend, IN 46601
The meeting was called to order at 8:34 a.m.
1.
2.
ROLL CALL
Members Present: Richard Klee, President
Erin Hanig, Secretary-Treasurer
Members Absent: Anthony Fitts, Vice President
Redevelopment Staff: Dave Relos, Associate 11
Tracy Oehler, Recording Secretary
Legal Counsel: Benjamin Dougherty, Legal Department\
Others: John Murphy, City Controller
Jennifer Hockenhull, Assistant City Controller
APPROVAL OF MINUTES
A. Approval of Minutes of the Regular Meeting of March 18, 2015.
Upon a motion by Secretary-Treasurer Hanig, seconded by President
Klee, the vote carried 2-0 (Vice President Fitts absent), the Authority
approved the Minutes of the Regular Meeting of March 18, 2015.
3. NEW BUSINESS
A. Consent and Subordination of Leases for Eddy Street Commons
Parking Garage (Kite Realty Eddy Street Garage, LLC)
Mr. Relos stated the Consent and Subordination of Leases (Consent) is
between the Redevelopment Authority, the Redevelopment Commission,
and Kite Realty Eddy Street Garage, LLC (Kite). The Consent will allow a
Parking Easement Agreement to be entered in to between Kite and the
University of Notre Dame, allowing parking spaces in the Eddy Street
garage to be reserved for the accommodations of customers for the full
service hotel to be constructed at Eddy Street Commons completing the
planned components of Phase I.
As the Redevelopment Authority is party to certain leases with the
Redevelopment Commission and Kite related to the parking garage, the
Authority is being asked to consent to the Parking Easement and make
ITEM: 2.A.
South Bend Redevelopment Authority
Rescheduled Regular Meeting -May 7, 2015
Page 2
the leases subordinate to the Parking Easement. The Parking Easement
will allow an exclusive easement for 285 parking spaces for the hotel and
a non-exclusive easement for vehicular and pedestrian ingress/egress in
the garage.
Upon a motion by Secretary-Treasurer Hanig, seconded by President
Klee, the vote carried 2-0 (Vice President Fitts absent), the Authority
approved the Consent and Subordination of Leases of Eddy Street
Commons Parking Garage with the Redevelopment Authority and Kite
Realty Eddy Street Garage, LLC.
5. ADJOURNMENT
President Klee adjourned the meeting at 8:38 a.m.
Richard Klee, President
South Bend Redevelopment Authority
Erin Hanig, Secretary-Treasurer
South Bend Redevelopment Authority