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South Bend Redevelopment Commission <br />Regular Meeting –January 15, 2010 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />D. Airport Economic Development Area <br /> <br />(1) continued… <br /> <br />$342,223 are requested, which includes <br />$57,333 for moving and re-establishment <br />expenses, and $284,890 for the rehabilitation <br />of the building and parking lot (new roof, <br />HVAC, general build out, parking lot <br />overlay). The total cost is $687,223. The <br />building was built in 1970, and is in need of <br />these repairs for the safe operation of <br />Habitat’s ReStore. <br /> <br />Staff feels Habitat moving to this highly <br />visible corner will help stabilize this area and <br />be a positive influence on the surrounding <br />neighborhood. In addition, it will greatly <br />help Ivy Tech, which makes this a win-win <br />situation for everyone. <br /> <br />Ms. King asked if we typically do this much <br />for relocation. Mr. Relos said we do. He <br />gave the relocation of Ziolkowski’s as an <br />example. We need to make a business <br />“whole” when we ask them to relocate for <br />our purposes. <br /> <br />Ms. King asked if we know, or does Habitat <br />know, that $345,000 is what the Kroger store <br />and parking lot are worth. Mr. Relos <br />responded that the Kroger store was on the <br />market for $395,000. Habitat is getting it for <br />$265,000. The price of the parking lot is <br />$80,000, totaling $345,000, hence the <br />counter offer Habitat made for its Sample <br />Street property. <br /> <br />Ms. King asked if anyone did an appraisal on <br />the property. Mr. Pink, Habitat’s real estate <br /> 25 <br /> <br />