04-12-10 Council Agenda & Packet

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Mr. I3erek Dieter Mar. I7, 1.0 Page 3 process is complete. Staff asks that these properties be added in case agreement cannot be reached to acquire properties included for Ivy `T'ech fast year, and is not in addition to those properties. Staff feels having options will enable better negotiations. These properties consist of: ~ Four parcels of the Since property on Sample and Ohio 1~ive parcels ofthe Enyart property on Sample and Ohio ~ ~ Three parcels of the Mason Beating ~c Air Conditioning property on Sample and Ohio ® ®ne vacant lot on ®hio 1/ike last year's agreement, this would be a joint effort between the Commission and Ivy T;.ch, with the Commission purchasing the properties and Ivy Tech doing the interior work to turn these buildings into classrooms and / or storage areas. Attached is a letter from Ivy Tech's Chancellor, detailing their plans far these buildings if acquired. Estimated redevelopment costs fo~• this area are estimated to be ~ 1.4 million, which includes acquisition, relocation and professional services. C~ortiy Plaza: phis plaza was recently listed for sale, and would be a target acquisition that could help with the redevelopment of south Michigan Street, including the Burke building at the northwest corner of Garst and Michigan Streets, Deal Services, or could allow for the redirection of Dean Johnson Parkway to Main Street. This property has long been identified as a potential redevelopment site because of its proximity to Ivy "T"ech and Ignition Park. Estimated redevelopment costs for this property, which includes three parcels, is $500,{IOQ. This cost includes acquisition, derriolition, relocation and professional services. Area 4o Airport >ierst~°~ai Park, )phase 2 The City cif' South Bend and the St..loseph County Airport A~€thority have been worl{i~1g together to coordinate infrastructure improvements and parcel acquisition in this area southeast of the airport complex. The City was recently approached by this parcel's owner, indicating their interest in selling if an agreerr~ent can be reached. ~l,his parcel is between Maplewood and Sheridan, and would allow Maplewood to be closed and vacated adjacent and to the north of this property. The Commission currently owns four properties in this block. This parcel would be one of four currently not under control.