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South Bend Redevelopment Commission <br />Regular Meeting —April 12, 2011 <br />begin the default process and authorize Don <br />Inks to sign any necessary documents. <br />Mr. Varner asked whether they purchased <br />this property already and Mr. Meteiver <br />responded yes and they paid us for it. Mr. <br />Varner asked whether we can we market it <br />for more than $114,000? Mr. Gibney <br />responded that we cannot. Chapin Street is <br />gaining a lot of attention with upcoming <br />improvements. If Raitt comes forward soon <br />great, but the staff would like to be free to <br />negotiate. <br />Ms. King asked if we would be paying back <br />the purchase price on property and Mr. <br />Metriever responded that we are. <br />Upon a motion by Ms. King, seconded by COMMISSION AUTHORIZED STAFF TO BEGIN <br />Mr. Downes and unanimously carried, the DEFAULT PROCEEDINGS FOR 812 OLIVER PLOW <br />Commission authorized staff to begin default COURT. ( OLIVER INDUSTRIAL PARK) <br />proceedings for 812 Oliver Plow Court. <br />(Oliver Industrial Park) <br />C. West Washington- Chapin Development Area <br />There was no business in the West Washington - <br />Chapin Development Area. <br />D. South Side Development Area <br />(1) Resolution No. 2865 approving and <br />authorizing the execution of an Addendum <br />to the Master Agency Agreement (Fellows <br />Street Corridor Improvement Project) <br />Mr. Schalliol noted that over the last several <br />months, city staff has been working to <br />finalize design plans for the Main - Lafayette <br />Connector project that will aid in traffic <br />circulation in the area west of Michigan <br />Street between Chippewa and Ireland. City <br />22 <br />