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South Bend Redevelopment Commission <br />Regular Meeting —April 26, 2011 <br />moving expenses of $246,000 are needed, <br />broken down as follows: <br />• $65,000 to move large amounts of <br />fabric, equipment, shelving, etc, and <br />store and set up at the new location <br />• $181,000 to acquire and refashion the <br />new location on State Road 2 just <br />west of town (the old Jeep Acres <br />property). <br />Staff feels the total acquisition, relocation, <br />and moving costs of $350,000 for this <br />property is reasonable, and requests approval <br />of Resolution No. 2872 and relocation <br />expenses of $246,000, to allow for the <br />acquisition and relocation of this property. <br />Mr. Downes asked if the house was occupied <br />now. Mr. Relos responded that it is. Mr. <br />Downes asked if it is a rental. Mr. Relos <br />responded that it is a rental. <br />Mr. Varner questioned whether acquisition of <br />this property is critical right now to justify <br />the expenditure of $350,000. Mr. Relos <br />responded that it has quite a long frontage on <br />Prairie, a gateway to Ignition Park. It will be <br />useful in the development of Ignition Park. <br />Mr. Varner wondered if the large relocation <br />cost is reasonable. Mr. Relos responded that <br />businesses typically have much higher <br />relocation costs than residences. The <br />calculation of relocation costs is based on <br />government guidelines. <br />Mr. Gibney added that that area along Prairie <br />will be an important western edge of Ignition <br />Park. We will eventually want to acquire it. <br />Since Prairie Salvage wants to sell now, he <br />12 <br />