RM 11-16-79 - Laserfiche WebLink

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South Bend Redevelopment Commission Regular Me ting November 16, 1979 7. PROGRd S REPORTS a. Mr. Donald B1`andford continues... As indicated earlier _there is some concern about the pro- sp ctive developer purchasing the land and then waiting for thE market to appreciate, I guess in coalition with the Century Mall and then capitalize on that." That is not the in ent of our organization, that could very easily be deter- mined as mentioned earlier in a contract of purchase. In summary, our organization feels it's a very viable pro po al, it would serve the City of 'South Bend very well. Our ap roach is somewhat different, we're definitely going after th Class A market. We'll be in direct competition if you will, with First Bank Bldg., that's our intent. And that ba ically is the timing intent. We want to get going, get th project completed: before our competition,in the "hole" do s. But that's just an interface of the free enterprise sy tem. I think our proposal was.complete, realistically, not only in hard cost but soft cost as well. Because the soft cost-in our proposal is very significant as with any proposal put together. I was hoping that there would have been some questions asked in terms of the proposals, and I'm glad you clarified earlier this morning that it is very we 1, in a sense,.that we were not looking at proposals in the sense of taking them to the bank. I would be willing to entertain any specific questions that any of the Commis - si ners and /or Mr. Miller may have at this point in time. Mr. Nimtz: You understand the same thing I asked Mr, Br demas, if the Commission accepts my recommendation that we postpone this until January that we must reject all bids this morning. Mrs Blandford: Yes, I understand. Mr Nimtz: Commissioner Auburn has a question to put to Ted Wasielwski,'the President of Historic Preservation Commission. Ms Auburn: I understand your interest and intent in try- ing to renegotiate having the Odd Fellows Building put on the Historic Register, but I personally had some concern that I was being threatened to move on an issue before we might be ready. I'd like to know what your future intent is if we accept the proposal that's on the table Are you go ng to use that time to try to pursue getting that build- in put on the Historic Register? -33-