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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 />(10) continued… <br /> <br />side of Prairie adjacent to the Ignition Park <br />campus and were identified as target <br />acquisition properties and added to the <br />acquisition list in May of this year. <br /> <br />The owner accepted the offers as presented, <br />but relocation costs were needed: $30,000 for <br />1503 Prairie and $5,000 for 1505 Prairie. <br />Upon closing on the properties, demolition <br />and site preparation plans will be prepared <br />and the site will be cleaned and cleared. <br /> <br />C <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED THE RELOCATION <br />15031505P <br />EXPENSES FOR AND RAIRIE FOR A <br />Ms. King and unanimously carried, the <br />$35,000 <br />TOTAL OF <br />Commission approved the relocation <br />expenses for 1503 and 1505 Prairie for a total <br />of $35,000. <br /> <br /> <br />(11) Confidential Settlement Agreement and <br />Release with Affiliated FM Insurance <br />Company concerning the former Oliver <br />Plow Works property. <br /> <br />Ms. Kolata noted that this is a very small <br />settlement. There is only one more <br />settlement to be concluded for the Oliver <br />property. <br /> <br />CC <br />Upon motion by Mr. Downes, seconded by <br />OMMISSION APPROVED THE ONFIDENTIAL <br />SAR <br />ETTLEMENT GREEMENT AND ELEASE WITH <br />Mr. Alford and unanimously carried, the <br />AFMIC <br />FFILIATED NSURANCE OMPANY <br />Commission Confidential Settlement <br />OP <br />CONCERNING THE FORMER LIVER LOW <br />Agreement and Release with Affiliated FM <br />W <br />ORKS PROPERT <br />Insurance Company concerning the former <br />Oliver Plow Works property <br /> <br /> <br /> 28 <br /> <br />