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South Bend Redevelopment Commission <br />Regular Meeting —March 27, 2012 <br />6. NEW BUSINESS (CONT.) <br />G. Other <br />(2) continued... <br />with CBRE and knew it could give us a hand <br />immediately. <br />Mr. Davis asked what CBRE's track record <br />was. Mr. Inks responded that in this case <br />staff needed CBRE to lend its expertise as <br />real estate professionals to put together an <br />offer for a property. The type of business <br />does not come into play in terms of the offer. <br />Staff needed CBRE's expertise to obtain <br />estimates for build -out of tenant <br />improvements to satisfy the needs of the <br />potential tenant. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Davis and unanimously carried, the <br />Commission approved the Leasing <br />Agreement with CBRE/Bradley for <br />Commission -owned properties (130/202 E. <br />Sample and 329 S Lafayette). <br />B. Airport Economic Development Area <br />(5) Memorandum of Understanding with <br />Union Station Properties for the <br />Renaissance District, Phase I. <br />Mr. Relos noted that at the Commission <br />meeting on March 13, the South Bend <br />Redevelopment Commission unanimously <br />approved a five point terms agreement <br />relative to the first Phase of the Renaissance <br />District Project proposed for the southern end <br />of the central business district. The action <br />requested by staff at that meeting was <br />Commission approval of the terms that <br />16 <br />COMMISSION APPROVED THE LEASING <br />AGREEMENT WITH CBRE /BRADLEY FOR <br />COMMISSION -OWNED PROPERTIES (130/202 E. <br />SAMPLE AND 329 S LAFAYETTE). <br />