10-23-09 Redevelopment Commission Minutes

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South Bend Redevelopment Commission Rescheduled Regular Meeting –October 23, 2009 6. NEW BUSINESS (CONT.) C. Airport Economic Development Area (1) continued… CRN.2609 Upon a motion by Ms. King, seconded by OMMISSION APPROVED ESOLUTION O RELATED TO ACQUISITION OF PROPERTY IN THE Mr. Downes and unanimously carried, the AEDA. IRPORT CONOMIC EVELOPMENT REA Commission approved Resolution No. 2609 (1508S.T) AYLOR related to acquisition of property in the Airport Economic Development Area. (1508 S. Taylor) (2) Resolution No. 2610 approving and accepting a counter offer for the acquisition of property in the Airport Economic Development Area. (1508 S. Taylor) Mr. Relos noted that the owner of 1508 S. Taylor has submitted a counter offer in the amount of $41,000. This is the amount they paid for the property in 2002 (verified by staff). The owner feels with the improvements and upkeep to the property they have made over the years, that that would be a fair price. Staff recommends approval. In addition, staff requests approval to pay the current tenant $950 in relocation assistance. This amount was arrived at based on the Indiana residential fixed payment schedule, which offers a one time reimbursement to the tenant based on the number of rooms in the residence. CRN.2610 Upon a motion by Ms. King, seconded by OMMISSION APPROVED ESOLUTION O APPROVING AND ACCEPTING A COUNTER OFFER Mr. Downes and unanimously carried, the FOR THE ACQUISITION OF PROPERTY IN THE Commission approved Resolution No. 2610 AEDA. IRPORT CONOMIC EVELOPMENT REA approving and accepting a counter offer for (1508S.T) AYLOR the acquisition of property in the Airport 6