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South Bend Redevelopment Commission <br />Regular Meeting –October 15, 2010 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />D. Airport Economic Development Area <br /> <br />(4) continued… <br /> <br />Mr. Relos noted that the owners of 1503- <br />1505 S. Kemble Ave. contacted staff with an <br />interest in selling their property. Resolution <br />No. 2780 sets the acquisition value of the <br />property at $35,500, the average of two <br />independent appraisals. The acquisition <br />value is the average value as determined by <br />two independent appraisals. Staff requests <br />approval of Resolution No. 2780. <br /> <br />CRN.2780 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />Ms. King and unanimously carried, the <br />AEDA <br />IRPORT CONOMIC EVELOPMENT REA <br />Commission approved Resolution No. 2780 <br />(1503-1505S.KA.) <br /> EMBLE VE <br />related to acquisition of property in the <br />Airport Economic Development Area (1503- <br />1505 S. Kemble Ave.) <br /> <br /> <br />(5) Resolution No. 2781 related to acquisition <br />of property in the Airport Economic <br />Development Area (601 W. Indiana Ave.) <br /> <br />Mr. Relos noted that the owners of 601 W. <br />Indiana Ave. contacted staff with an interest <br />in selling their property. Resolution <br />No. 2781 sets the acquisition value of the <br />property at $35,000, the average of two <br />independent appraisals. Staff requests <br />approval of Resolution No. 2781. <br /> <br />CRN.2781 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />Ms. King and unanimously carried, the <br />AEDA(601 <br />IRPORT CONOMIC EVELOPMENT REA <br />Commission approved Resolution No. 2781 <br />W.IA.) <br /> NDIANA VE <br />related to acquisition of property in the <br />Airport Economic Development Area (601 <br />W. Indiana Ave.) <br /> <br /> 21 <br /> <br />