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South Bend Redevelopment Commission <br />Regular Meeting —April 12, 2011 <br />Airport Economic Development Area (921 <br />N. Bendix Drive) <br />(10) Resolution No. 2863 related to acquisition <br />of property in the Airport Economic <br />Development Area (1033 N. Bendix Drive) <br />Mr. Sikora noted that 1033 N. Bendix Drive <br />was added to the Airport Economic <br />Development Area Acquisition List by <br />Resolution No. 2450 on June 23, 2008. It <br />was added in part to help clean up the north <br />east boundary of — and promote overall <br />development within — LaSalle Square, in <br />accordance with the LaSalle Square Area <br />Redevelopment Plan. <br />The 0.8 acre property contains an <br />approximately 34,000 sft commercial retail <br />building (a former Auto Zone). The building <br />has been unoccupied for several years. <br />Resolution No. 2863 sets the acquisition <br />value of the property at $250,000, the <br />average value as determined by two <br />independent appraisals. Staff requests <br />approval of Resolution No. 2863. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Varner and unanimously carried, the <br />Commission approved Resolution No. 2863 <br />related to acquisition of property in the <br />Airport Economic Development Area (1033 <br />N. Bendix Drive) <br />(11) Request to begin default proceedings for <br />812 Oliver Plow Court. (Oliver Industrial <br />Park) <br />Mr. Meteiver noted that in 2007 the <br />Commission sold a 4.5 acre site in Oliver <br />Industrial Park to Raitt Corporation. Raiff <br />o] <br />COMMISSION APPROVED RESOLUTION No. 2863 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA <br />(1033 N. BENDIx DRIVE) <br />