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South Bend Redevelopment Commission <br />Regular Meeting —April 26, 2011 <br />following properties, not to exceed $750 per <br />property. <br />310, 611, 613 and 701 E. South St. <br />609 and 620 Columbia St. <br />602 Carroll St. <br />618, 622 and 626 LWE <br />514 and 628 Rush St. <br />Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED REQUEST TO SOLICIT <br />Mr. Alford and unanimously carried, the APPRAISALS FOR COMMISSION OWNED <br />Commission approved request to solicit PROPERTY IN MONROE PARK. <br />appraisals for Commission owned property in <br />Monroe Park. <br />D. Airport Economic Development Area <br />(1) Resolution No. 2872 approving and <br />accepting a counteroffer for the <br />acquisition of property in the Airport <br />Economic Development Area (1504 -1514 <br />Prairie Ave.) <br />Mr. Relos noted that on April 12, 2011, the <br />Commission approved Resolution No. 2867, <br />which set the offering price for the Prairie <br />Salvage property at $63,950, the average of <br />two independent appraisals. <br />The owners of this property have made a <br />counter offer of $104,000. They feel this <br />value is a more appropriate value for their <br />long standing business location, which <br />includes three parcels of land, a house (922 <br />square feet, in good condition, with full <br />basement), and various retail and storage <br />buildings (total of 7,200 square feet under <br />roof). The land value alone of these <br />properties appraised at $32,000. <br />In addition to the acquisition price of <br />$104,000 for this property, relocation and <br />11 <br />