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~ ~ CSC <br />S,pUT$ 6 <br />• • o~ ~~1~,~p;rlr`~'~d <br />~~~\ ~/ <br />Community & Economic Development' ~"~"~;,,~' <br />1865 ~ <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. 2729 -Acquisition Offer for 1510 S. Chapin St. <br />Date: July 23, 2010 <br />This is the staff report for the acquisition of 1510 S. Chapin Street. 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, two bedroom single family residence. The property <br />owner would like to participate in the goals of the Commission in its efforts to clean and <br />clear this area, and contacted Staff of their interest in selling this property. <br />Resolution No. 2729 sets the acquisition value of the property at $21,000. The acquisition <br />value is the average value as determined by two independent appraisals. <br />Staff requests approval of Resolution No. 2729, to allow for the acquisition of this property. <br />What We Do Today Makes A Difference! <br />