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South Bend Redevelopment Commission <br /> Regular Meeting—April 26, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> E. West Washington-Chapin Development Area <br /> (1) continued... <br /> This property was originally built as a three- <br /> story private residence for the William L. <br /> Kizer family. Mr. Kizer came to South Bend <br /> from Ohio in 1865. In 1869, Mr. Kizer <br /> formed a firm that conducted business in real <br /> estate, loans, and insurance, and made <br /> investments in Illinois, Indiana, and <br /> Michigan. <br /> Upon acquisition of this property, staff will <br /> work with South Bend Heritage Foundation <br /> for the building's adaptive reuse, hopefully <br /> incorporating it into the museum campus. <br /> Expected cost for the acquisition and <br /> stabilization of this property is $300,000. <br /> Upon approval by the Commission, <br /> resolutions will be put before the Area Plan <br /> Commission and Common Council for their <br /> approval, before a Public Hearing and <br /> Confirming Resolution would be presented to <br /> the Commission for final approval. Approval <br /> for advertising for the Public Hearing is also <br /> requested of the Commission. Advertising <br /> will be done after approval from the <br /> Common Council is granted. <br /> Mr. Downes asked what the expected <br /> "adaptive reuse" would be. Mr. Gibney <br /> responded that our ideas are that it could be <br /> used for some overflow office space, <br /> possibly some housing for interns working at <br /> the museums. It sits on a very prominent <br /> corner and has been undermanaged for many <br /> years. <br /> 23 <br />