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South Bend Redevelopment Commission <br />Regular Meeting –February 19, 2010 <br /> <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />B. Airport Economic Development Area <br /> <br /> (3) Resolution No. 2653 approving and <br />authorizing the execution of an Addendum <br />to the Master Agency Agreement (Tax <br />Sale Certificate Purchases) <br /> <br />Mr. Inks noted that Resolution No. 2653 has <br />been amended to include the properties from <br />Resolution No. 2654 on the agenda as Item <br />6.B.(4). Resolution No. 2653 addressed <br />properties that were not currently on the <br />Development Plan’s Acquisition Lit. <br />Resolution No. 2654 addressed properties <br />that were already on the Acquisition List. <br />Resolution No. 2653 now contains all the tax <br />sale properties. Item 6.B.(4) will be <br />withdrawn. <br /> <br />Mr. Relos noted that on January 15, 2010, <br />the Commission authorized staff to begin the <br />statutory process of adding parcels to the <br />Airport Economic Development Area. <br />During this process, staff has discovered 24 <br />parcels within this area that are listed for bid <br />at the County Commissioner’s tax sale. In <br />addition to these 24 parcels, there is also one <br />parcel in the South Bend Central <br />Development Area staff feels would be <br />important to acquire for future parking needs, <br />and to facilitate future development <br />opportunities in its block. <br /> <br />Staff believes buying these parcels from the <br />tax sale will be much cheaper than through <br />the normal acquisition process at a later date. <br /> <br />Since these properties are not yet on the <br />acquisition list, staff is asking for an <br />addendum to the Master Agency Agreement <br /> 16 <br /> <br />