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South Bend Redevelopment Commission <br />Regular Meeting –June 18, 2010 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />B. Airport Economic Development Area <br /> <br />(2) continued… <br /> <br />added to the Airport Economic Development <br />Area Acquisition List on May 21, 2010 with <br />the intention to clear the southern boundary <br />of Ignition Park and to help stabilize the Rum <br />Village neighborhood to the south. The Rum <br />Village Neighborhood Association strongly <br />supports the redevelopment of this area on <br />the north side of Indiana Ave. <br /> <br />1501 Taylor is a two-story, three bedroom <br />single family residence. The owner <br />contacted staff with an interest in selling. <br />Resolution No. 2695 sets the offering price at <br />$31,000, the average of two independent <br />appraisals. <br /> <br />CRN.2695 <br />Upon a motion by Mr. Varner, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />Mr. Downes and unanimously carried, the <br />AEDA <br />IRPORT CONOMIC EVELOPMENT REA <br />Commission approved Resolution No. 2695 <br />(1501S.T) <br /> AYLOR <br />related to acquisition of property in the <br />Airport Economic Development Area (1501 <br />S. Taylor) <br /> <br /> <br />(3) Resolution N. 2696 related to acquisition <br />of property in the Airport Economic <br />Development Area (1510 S. Catalpa St.) <br /> <br />Mr. Relos noted that 1510 S. Catalpa Street <br />was added to the Airport Economic <br />Development Area Acquisition List on <br />May 21, 2010 with the intention to clear the <br />southern boundary of Ignition Park and to <br />help stabilize the Rum Village neighborhood <br />to the south. The Rum Village <br />Neighborhood Association strongly supports <br />the redevelopment of this area on the north <br /> 8 <br /> <br />