Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting —May 10, 2011 <br />5. OLD BUSINESS (CONT.) <br />A. Airport Economic Development Area <br />(1) continued... <br />(the old Jeep Acres property) <br />Staff feels the total acquisition, relocation, <br />and moving costs of $350,000 for this <br />property is reasonable, and asks for approval <br />of Resolution No. 2872 accepting the counter <br />offer of $104,000 and approving relocation <br />expenses of $246,000. <br />Ms. King inquired as to whether the new <br />property was within the City of South Bend. <br />Mr. Relos responded that it is just outside of <br />the city. Ms. King also asked what the cost <br />was of the new buildings. Mr. Relos noted <br />the cost is $285,000 or $290,000. The <br />property contains a house as did the Prairie <br />Salvage location. The building space is <br />approximately 10,000 sq. ft. They currently <br />have 7,000 sq. ft. The clarifications was <br />made that the city is paying Prairie Salvage <br />$104,000 towards the purchase of the new <br />property. <br />Mr. Downes asked when Prairie Salvage was <br />added to the acquisition list. Mr. Relos <br />responded that it was May 21, 2010, when <br />we added the properties along the north side <br />of Indiana from Taylor to Prairie. <br />Mr. Inks added that when we applied for the <br />Certified Technolgy Park with the State, we <br />told them that we were in the process of <br />acquiring property on the north side of <br />Indiana and also to the east of Franklin <br />Street. The tech park agreement provides <br />that once the Commission acquires, <br />7 <br />