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South Bend Redevelopment Commission <br />Regular Meeting -November 6, 2009 <br />6. NEW BUSINESS (CONT.) <br />C. Airport Economic Development Area <br />(1) Resolution No. 2612 related to acquisition <br />of property in the Airport Economic <br />Development Area (525 W. Indiana Ave.) <br />Mr. Relos noted that 525 W. Indiana Avenue <br />was added to the Airport Economic <br />Development Area Acquisition List by <br />Resolution No. 2596 on August 26, 2009. It <br />was added in an effort to clean and clear the <br />southern boundary of Ignition Park, and to <br />help stabilize the Rum Village neighborhood <br />to the south. The Rum Village <br />Neighborhood Association strongly supports <br />the redevelopment of this area on the north <br />side of Indiana Avenue. <br />This particular property is a 1,250 square <br />foot, two story, four bedroom house. It has a <br />two car detached garage, full basement, and <br />is on an extra deep lot with a fenced in back <br />yard. It is owned by Jean Winten•owd. <br />Resolution No. 2612 sets the acquisition <br />value of the property at $6,600, which is the <br />average value as determined by two <br />independent appraisals. <br />Ms. Jones asked what our intent is for the <br />property. Mr. Relos responded that staff <br />intends to demolish it. <br />Ms. Jones inquired about the whether the <br />home owner has found another place to live <br />with that relatively small amount of money. <br />Mr. Relos responded that she is an older <br />woman who already rotates between her <br />home and living with nearby children. He <br />believes she will simply move in with one of <br />her children. <br />9 <br />