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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting –November 2, 2010 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />C. Airport Economic Development Area <br /> <br />(4) continued… <br /> <br />Mr. Relos noted that on October 15 the <br />Commission approved Resolution No. 2783 <br />setting the offering price for 905-909 W. <br />Indiana Avenue at $35,250, the average of <br />two independent appraisals. The owner has <br />submitted a counter offer in the amount of <br />$40,000. The property is a two-story, four <br />bedroom, 1506 sft single family home with <br />an adjacent lot. Staff recommends accepting <br />the counter offer. <br /> <br />CRN.2792 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />APPROVING AND ACCEPTING A COUNTER OFFER <br />Mr. Alford and unanimously carried, the <br />FOR THE ACQUISITION OF PROPERTY IN THE <br />Commission approved Resolution No. 2792 <br />AEDA. <br />IRPORT CONOMIC EVELOPMENT REA <br />approving and accepting a counter offer of <br />(905-909W.IA.) <br /> NDIANA VE <br />$40,000 for the acquisition of property in the <br />Airport Economic Development Area. (905- <br />909 W. Indiana Ave.) <br /> <br /> <br />(5) Resolution No. 2793 related to acquisition <br />of property in the Airport Economic <br />Development Area. (Enyart Motors, 122- <br />124 E. Sample and 117-123 E. Ohio) <br /> <br />Mr. Relos noted that Enyart Electric Motor <br />Repair is a two story masonry and cement <br />block, 9,200 square foot building, comprised <br />of 5,200 square feet of office / shop / <br />warehouse on the first floor, and 4,000 <br />square feet of second floor storage space. <br />Land area is 21,150 square feet, or .486 <br />acres. It contains five abutting parcels, one <br />along East Sample Street and four along East <br />Ohio Street. <br /> <br />Resolution No. 2793 sets the acquisition <br /> 22 <br /> <br />