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South Bend Redevelopment Commission <br />Regular Meeting -March 19, 2010 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(2) continued... <br />Mr. Relos noted that 531 W. Indiana was <br />added to the AEDA List of Properties to be <br />Acquired last fall. It is atwo-story, three <br />bedroom single-family residence. The owner <br />contacted staff with an interest in selling his <br />property. Resolution No. 2633 sets the value <br />of the property at $30,000, the average of <br />two independent appraisals, and authorizes <br />sending a purchase offer in that amount. <br />Upon a motion by Ms. King, seconded by <br />Mr. Downes and unanimously carl•ied, the <br />Commission approved Resolution No. 2633 <br />related to acquisition of property in the <br />Airport Economic Development Area. (531 <br />W. Indiana) <br />(3) Resolution No. 2665 authorizing the <br />Director of Redevelopment to approve and <br />execute contracts on behalf of the City of <br />South Bend, L>ldiana, Department of <br />Redevelopment related to the Operation <br />and Maintenance of Blackthorn Golf <br />Course (2010) <br />Mr. Inks noted that in the Commission"s <br />management agreement with Kitson & <br />Partners, they are allowed to enter into <br />contracts on behalf of the Commission where <br />the provision allows for cancelation within <br />thirty days. For contracts that do not have <br />that 30-day cancelation clause, the <br />Commission must approve them. Resolution <br />No. 2665 authorizes the Redevelopment <br />Director, Mr. Inks, to approve those <br />contracts, subject to ratification, similar to <br />COMMISSION APPROVED RESOLUTION NO. 2633 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA. (531 <br />W. INDIANA) <br />