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South Bend Redevelopment Commission <br />Regular Meeting –March 5, 2010 <br /> <br />6. NEW BUSINESS <br /> <br />D. Airport Economic Development Area <br /> <br />(1) continued… <br /> <br />Ivy Tech: There are four properties in this <br />new area which would be acquired and <br />eventually transferred to Ivy Tech for much <br />needed expansion of classrooms, storage, and <br />parking. Staff has been contacted by two of <br />these property owners, indicating their <br />willingness to work with the Commission <br />once the Plan amendment process is <br />complete. Staff asks that these properties be <br />added in case agreement cannot be reached to <br />acquire properties included for Ivy Tech last <br />year, and is not in addition to those <br />properties. Staff feels having options will <br />enable better negotiations. <br /> <br />These properties consist of: four parcels of <br />the Sinco property on Sample and Ohio; <br />five parcels of the Enyart property on Sample <br />and Ohio; three parcels of the Mason Heating <br />& Air Conditioning property on Sample and <br />Ohio; and one vacant lot on Ohio. <br /> <br />Like last year’s agreement, this would be a <br />joint effort between the Commission and Ivy <br />Tech, with the Commission purchasing the <br />properties and Ivy Tech doing the interior <br />work to turn these buildings into classrooms <br />and / or storage areas. Attached is a letter <br />from Ivy Tech’s Chancellor, detailing their <br />plans for these buildings if acquired. <br /> <br />Redevelopment costs for this area are <br />estimated to be $1.4 million, which include <br />acquisition, relocation, and professional <br />services. <br /> <br /> 34 <br /> <br />