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South Bend Redevelopment Commission <br />Regular Meeting –January 14, 2011 <br /> <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />B. Airport Economic Development Area <br /> <br />(4) Additional relocation costs for Enyart <br />Motors, 122 E. Sample St. <br /> <br />Mr. Relos noted that Items 6B(4) and (5) go <br />hand in hand and must be approved as a pair. <br /> <br />On November 2, 2010, the Commission <br />approved the Acquisition Offer and Counter <br />Offer as well as relocation expenses for <br />Enyart Electric Motor Repair (Enyart), <br />located at 122 E. Sample St. The acquisition <br />and relocation of Enyart will allow its current <br />building along East Sample to be used by Ivy <br />Tech for the expansion of much needed <br />classroom, storage, and /or parking. <br /> <br />On November 19, 2010, the Commission <br />completed the disposition process for 1313 <br />Prairie Ave, by publicly opening bids. There <br />were no conforming bids for that property <br />which had a disposition offering price of <br />$189,000. Enyart bid, and continues to offer <br />to purchase 1313 Prairie for $165,000. <br /> <br />Enyart has been in business since 1965, and <br />recently acquired another electric motor <br />repair business in Elkhart. It has outgrown <br />its current location, and would like to <br />purchase and relocate to 1313 Prairie to <br />consolidate and grow the two businesses. <br /> <br />When considering its move to 1313 Prairie, <br />the owners of Enyart discussed their needs <br />with contractors who, based on those <br />conversations, gave them an estimate of costs <br />for the renovations necessary to <br />accommodate their move. Enyart felt those <br />estimates were close enough to move <br /> 8 <br /> <br />