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~ ~ ~~ <br />~ $OU7'8 8 <br />~ O \11~Illi~~/~••yy'' <br />~ \~~\ ~/ / <br />F~\\ .i„///O <br />Community & Economic Development ~~%" `,~' <br />1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 <br />To: Redevelopment Commission <br />From: David Relos, Economic Development Planner <br />Subject: Res. No. 2726 -Acquisition Offer for 809 - 813 W. Indiana Ave. <br />Date: July 23, 2010 <br />This is the staff report for the acquisition of 809 - 813 W. Indiana Ave. This property was <br />added to the Airport Economic Development Area Acquisition List by Resolution No. 2668 <br />on May 21, 2010. It was added in an effort to clean and clear the southern boundary of <br />Ignition Park, and to help stabilize the Rum Village neighborhood to the south. The Rum <br />Village Neighborhood Association strongly supports the redevelopment of this area on the <br />north side of Indiana Avenue. <br />This particular property is a two story, four bedroom single family residence with two <br />garages (one car attached, two car detached). The property owner would like to participate <br />in the goals of the Commission in its efforts to clean and clear this area, and contacted Staff <br />of their interest in selling this property. <br />Resolution No. 2726 sets the acquisition value of the property at $41,500. The acquisition <br />value is the average value as determined by two independent appraisals. <br />Staff requests approval of Resolution No. 2726, to allow for the acquisition of this property. <br />What We Do Today Makes A Difference! <br />