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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -October 23, 2009 <br />of property in the Airport Economic <br />Development Area. (1508 S. Taylor) <br />Mr. Relos noted that 1508 S. Taylor was <br />added to the Airport Economic Development <br />Area Acquisition List by Resolution <br />No. 2596 on August 26, 2009. It was added <br />in an effort to clean and clear the southern <br />boundary of Ignition Park, and to help <br />stabilize the Rum Village neighborhood to <br />the south. The Rum Village Neighborhood <br />Association sh•ongly supports the <br />redevelopment of this area on the north side <br />of Indiana Avenue. <br />This particular property is a one story, two <br />bedroom rental house owned by J&W <br />Properties. The property owner would like to <br />participate in the goals of the Commission in <br />its efforts to clean and clear this area, and <br />contacted staff with his interest in selling this <br />property. <br />Resolution No. 2609 sets the acquisition <br />value of the property at $35,750 -this being <br />the average value as determined by two <br />independent appraisals. <br />Upon a motion by Ms. King, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved Resolution No. 2609 <br />related to acquisition of property in the <br />Airport Economic Development Area. (1508 <br />S. Taylor) <br />(2) Resolution No. 2610 approving and <br />accepting a counter offer for the <br />acquisition of property in the Airport <br />Economic Development Area. (1508 S. <br />Taylor) <br />COMMISSION APPROVED RESOLUTION NO. 2609 <br />RELATED TO ACQLUSITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC' DEVELOPMENT AREA. <br />(1SO8 S. TAYLOR <br />Mr. Relos noted that the owner of 1508 S. <br />