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6' C (71) <br />Community & Economic Development <br />.A R <br />1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 <br />To: Redevelopment Commission <br />From: Matthew Sikora, Economic Development Planner <br />Subject: Request for approval of Contract for Sale <br />Date: March 22, 2011 <br />Attached for approval is the "Contract for Purchase and Sale" for a proposed development <br />in Oliver Industrial Park. Oliver Plow Partners, L.P. plans to construct an approximately <br />40,000 SF building (of which 5,500 SF is office and showroom) at a cost of $1,750,000. Its <br />tenant will be ABC Supply Company, which is forecasting the retention of 10 jobs and the <br />creation of 2 new jobs. <br />The contract includes a sale price of $22,000 for a 4.39 acre portion of Oliver Industrial Park <br />Lot #8 (7.84 acres) and an agreement for the Commission to make necessary site <br />improvements and ensure the environmental integrity of the site. <br />(Staff is finalizing the contract and will send it to the Commission on Monday, March 21, <br />2011 for review.) <br />Staff seeks approval of the "Contract for Purchase and Sale" by the Commission. <br />What We Do Today Makes A Difference! <br />