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South Bend Redevelopment Commission <br />Regular Meeting -August 6, 2010 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(11) continued... <br />decided they no longer want the maintenance <br />and upkeep of this small park. Resolution <br />No. 2742 sets the acquisition value of the <br />property at $9,000, the average of two <br />independent appraisals. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Varner and unanimously can-ied, the <br />Corninission approved Resolution No. 2742 <br />related to acquisition of property at 1514- <br />1528 S. Kendall Street. (Rum Village <br />Neighborhood vacant lots) <br />(12) Staff report on Administrative Settlement <br />for 621 W. Indiana Avenue. (Residential) <br />Mr. Relos noted that the Commission <br />authorized the sending of a purchase offer in <br />the amount of $20,050 for 621 W. Indiana <br />Avenue. Approximately $7,000 additional is <br />needed to gain clear title to this property. <br />The property is a 1,300 square foot, two- <br />story, three-bedroom single family residence. <br />It has a fenced yard, covered porch, patio and <br />storage shed. Staff recommends authorizing <br />the administrative settlement of $6,950. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved the Administrative <br />Settlement for 621 W. Indiana in the amount <br />of $6,950. <br />(13) Resolution No. 2745 related to acquisition <br />of propert~~ at 1508 S. Scott St. <br />(Residential) <br />COMMISSION APPROVED RESOLUTION NO. 2742 <br />RELATED TO ACQUISITION OF PROPERTY AT <br />1514-1528 S. KENDALL STREET. (RUM <br />VILLAGE NEIGHBORHOOD VACANT LOTS) <br />COMMISSION APPROVED THE ADMINISTRATIVE <br />SETTLEMENT FOR 621 W. INDIANA IN THE <br />AMOUNT OF $6,950 <br />22 <br />