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South Bend Redevelopment Commission <br />Regular Meeting —March 22, 2011 <br />Commission approved Resolution No. 2852 <br />confirming a resolution amending the <br />Development Plan for the West Washington - <br />Chapin Development Area and adding one or <br />more parcels to the List of Parcels to be <br />Acquired. <br />B. South Bend Central Development Area <br />(1) Resolution No. 2853 approving the fair <br />market value of property in the South <br />Bend Central Development Area. (College <br />Football Hall of Fame) <br />Mr. Sikora noted that Resolution No. 2853 <br />begins the disposition process for the College <br />Football Hall of Fame property by <br />establishing its fair market value as <br />$2,687,500, the average of two independent <br />appraisals. <br />Mr. Varner questioned whether it is the intent <br />to put the College Football HOF property on <br />the market at this price? Mr. Inks replied that <br />subsequent actions of the Commission today <br />will do that. <br />Upon a motion by Ms. King, seconded by <br />Mr. Varner and unanimously carried, the <br />Commission approved Resolution No. 2853 <br />approving the fair market value of property <br />in the South Bend Central Development Area <br />(College Football Hall of Fame). <br />(2) Bid Specifications and Design <br />Considerations for disposition of the <br />College Football Hall of Fame. <br />Mr. Sikora noted the Proposal Documents <br />include the Bid Specifications and Design <br />Considerations for the reuse of the hall of <br />fame. Those specifications include: (1) that <br />THE COMMISSION APPROVED RESOLUTION NO. <br />2853 APPROVING THE FAIR MARKET VALUE OF <br />PROPERTY IN THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA (COLLEGE FOOTBALL <br />HALL OF FAME) <br />