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South Bend Redevelopment Commission <br />Regular Meeting –January 21, 2011 <br /> <br />ML&K, an existing business, to continue to <br />serve the downtown business community as <br />well as expand into the growing East Bank <br />Village market. <br /> <br />Staff requests Commission approval of this <br />administrative settlement in a total amount of <br />$340,000 to acquire the 306 W Monroe <br />property and to relocate and resettle <br />Michiana Lock & Key to the new property at <br />621 E Jefferson. <br /> <br />Mr. Varner asked whether this acquisition is <br />necessary for the improvements to Coveleski <br />Park. Mr. Schalliol responded that it is not <br />absolutely necessary. It is a good <br />opportunity to provide additional parking for <br />the Cove and to help an existing business to <br />remain viable and grown. <br /> <br />Mr. Downes said that an important aspect of <br />the business move is its furtherance of the <br />East Bank Village Plan. It fills a vacant <br />building, demolishes another unsightly <br />building, and may jumpstart some activity in <br />the East Bank. <br /> <br />CA <br />Mr. Downes made a motion to approve the <br />OMMISSION APPROVED THE DMINISTRATIVE <br />SML&K(306 <br />ETTLEMENT FOR ICHIANA OCK EY <br />Administrative Settlement for Michiana Lock <br />W.M) <br /> ONROE <br />& Key at 306 W. Monroe. Ms. King <br />seconded the motion. The motion carried on <br />a vote of three in favor. Mr. Varner was <br />opposed. <br /> <br /> <br /> C. Airport Economic Development Area <br /> <br />(1) Extension Addendum to Consulting <br />Agreement by and between the City of <br />South Bend, Department of <br />Redevelopment and Blue Waters Group. <br /> <br />Mr. Price explained that the third phase of <br /> 9 <br /> <br />