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South Bend Redevelopment Commission <br />Regular Meeting –February 19, 2010 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />B. Airport Economic Development Area <br /> <br />(7) continued… <br /> <br />attached is the value page from both <br />appraisals. The combined appraised value <br />for both parcels is $328,000, which <br />calculates to a 5% difference between the <br />appraised value and the counter offer price. <br /> <br />Because of the close proximity between the <br />appraised value and the counter offer price, <br />staff requests approval to move forward with <br />the acquisition of the Habitat property at 412 <br />E. Sample Street <br /> <br />Ms. Jones thanked the staff for spending the <br />extra time to satisfy the Commission’s <br />questions about the acquisition and relocation <br />process. They learned a lot and will be more <br />confident in future negotiations. <br /> <br />C <br />Upon a motion by Ms. King, seconded by <br />OMMISSION AGREED THAT THE COUNTER <br />OFFER WAS REASONABLE AND DIRECTED STAFF <br />Mr. Downes and unanimously carried the <br />TO MOVE FORWARD WITH ACQUISITION OF THE <br />Commission agreed that the counter offer <br />H312E.SS <br />ABITAT PROPERTY AT AMPLE TREET <br />was reasonable and directed staff to move <br />forward with acquisition of the Habitat <br />property at 312 E. Sample Street. <br /> <br /> <br />E. West Washington-Chapin Development Area <br /> <br /> <br /> <br />There was no business in the West Washington- <br />Chapin Development Area. <br /> <br /> <br /> F. South Side Development Area <br /> <br /> <br /> <br />There was no business in the South Side <br />Development Area. <br /> <br /> <br /> 24 <br /> <br />