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South Bend Redevelopment Commission <br /> Regular Meeting—April 12, 2011 <br /> Upon a motion by Mr. Varner, seconded by COMMISSION APPROVED THE CONTRACT FOR <br /> Mr. Downes and unanimously carried, the PURCHASE AND SALE WITH OLIVER PLOW <br /> Commission approved the Contract for PARTNERS,L.P.FOR LOT#8 IN THE OLIVER <br /> Purchase and Sale with Oliver Plow Partners INDUSTRIAL PARK(ABC SUPPLY <br /> L.P. for Lot#8 in the Oliver Industrial Park <br /> (ABC Supply) <br /> (9) Resolution No. 2862 related to acquisition <br /> of property in the Airport Economic <br /> Development Area (921 N. Bendix Drive) <br /> Mr. Sikora noted that 921 N Bendix Drive <br /> was added to the Airport Economic <br /> Development Area Acquisition List by <br /> Resolution No. 2736 on August 27, 2010. It <br /> was added to help promote overall <br /> development within LaSalle Square, in <br /> accordance with the LaSalle Square Area <br /> Redevelopment Plan, and may be the site of a <br /> proposed senior housing project. <br /> As outlined in the attached map, the <br /> approximately 1.97 acre portion of the <br /> property is vacant land currently owned by <br /> Faith Apostolic Temple, Inc. bordering the <br /> LaSalle branch of the St. Joseph County <br /> Public Library to the east, Ardmore to the <br /> South, and the Faith Apostolic Temple <br /> building and parking lot to the north. <br /> Resolution No. 2862 sets the acquisition <br /> value of the property at $69,500. The <br /> acquisition value is the average value as <br /> determined by two independent appraisals. <br /> Staff requests approval of Resolution <br /> No. 2862. <br /> Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED RESOLUTION No.2862 <br /> Mr. Varner and unanimously carried, the RELATED TO ACQUISITION OF PROPERTY IN THE <br /> Commission approved Resolution No. 2862 AIRPORT ECONOMIC DEVELOPMENT AREA(921 <br /> related to acquisition of property in the N.BENDIX DRIVE <br /> 19 <br />