6.B.(3) Resolution No. 2653 - Laserfiche WebLink

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6 66) SOUTH B Community & Economic Development',' ^,a 1865 -- 1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 To: Redevelopment Commission From: David Relos, Economic Development Planner Subject: Resolution No. 2653 Tax Sale Properties — Addendum to Master Agency Agreement Date: February 19, 2010 On January 15, 2010, the Commission authorized staff to begin the statutory process of adding parcels to the Airport Economic Development Area. During this process, staff has uncovered 24 parcels that are within this Area that are listed for bid at the County Commissioner's tax sale. In addition to these 24 parcels, there is also one parcel in the South Bend Central Development Area staff feels would be important to acquire for future parking needs. This last parcel is before the Commission today to begin the statutory process to add it to the SBCDA's acquisition list. Staff believes buying these parcels from the tax sale would allow for much lower costs in the acquisition process, thereby saving money in the long run by gaining control of these properties now. Since these properties are not yet on the acquisition list, staff is asking for an addendum to the Master Agency Agreement between the Commission and the Board of Public Works, to allow the Board to purchase these parcels on the Commission's behalf. The Commission would then purchase these properties from the Board once the Area's plan is amended to allow for the acquisition. Staff is currently researching funding sources for these purchases, and this agreement would move forward only if funding is secured. Staff requests approval of Resolution No. 2653, to allow the Board to register and bid on these properties, in a not to exceed total cost of $200,000. What We Do Today Makes A Difference!