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(~~ C!~~ <br />• ~ „ ~ 50UTA 8 <br />.;O ,A1 ii.;~, ~~0 <br />'~ C ,~, <br />~ ~~o <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: Bill Schalliol, Economic Development Planner ~~~ <br />Subject: Resolution 2710, Setting Acquisition Value for Maplewood, Lot 36 <br />Date: July 20, 2010 <br />Attached is Resolution 2710 which is an acquisition resolution related to the acquisition of <br />property located on Maplewood Drive within the Airport Industrial Park, Phase 2 area within <br />the Airport Economic Development Area. The subject parcel was added to the Airport <br />Economic Development Area Acquisition List by Resolution No. 2668 on May 21, 2010. <br />The proposed acquisition property is located on Maplewood Drive north of Commerce Drive <br />extended and the parcel is vacant. The Commission owns several other properties in this <br />area and this property would be adjacent to those parcels. The property, merged with the <br />other adjacent parcels, would be used for industrial use as part of the upgrade of the <br />industrial park area. <br />The staff obtained two independent appraisals for the property and the average of the two is <br />Sixteen Thousand Three Hundred and Fifty ($16,350.00) Dollars. If approved by the <br />Redevelopment Commission, a purchase offer will be sent to the property at the amount the <br />aforementioned amount. <br />Staff requests approval of this resolution. <br />What We Do Today Makes A Difference! <br />