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6 C , 41) <br />To: Redevelopment Commission <br />From: Debrah Jennings, Property Manager <br />Subject: Early Lease Termination of Spark Design Studios, LLC <br />Date: July 26, 2011 <br />Spark Design Studios entered into a three -year lease with the Redevelopment Commission in 2009. <br />In April of 2011, Spark Design concluded they were no longer able to operate their business. Therefore, they <br />are request an early lease termination from the Redevelopment Commission. <br />Pursuant to the Redevelopment Commission's new Policy on Early Lease Termination, Spark Design meets all <br />of the requirements. The owner has also agreed they do not intend to relocate their business in another space <br />in the South Bend Central Development Area for one year after the execution of this agreement. <br />Staff recommends approval <br />H: \WPDATA \correct memo.doc <br />