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South Bend Redevelopment Commission <br />Regular Meeting —,Tune 28, 2011 <br />i09 Columbia Street <br />1,144 ft2 (S) <br />$15,500 Residential projects that are <br />28 Rush Street <br />1,344 ft Z (S) <br />Permitted within the "SF I" and <br />$17,500 "SF2" Residential District zoning <br />designation. <br />10 E. South Street <br />1,446 ft2 (S) <br />$25,000 <br />)2 Carroll Street <br />1,823 ft2 (D) <br />Strong emphasis will be placed <br />$27,000 during the review process on <br />compatibility with the goals and <br />0 Columbia Street <br />1,174 ft2 (D) <br />objectives of the Monroe Park <br />$17,000 Neighborhood and the South Bend <br />Central Development planning area, <br />with an added preference for single- <br />The fair market values of the properties were <br />derived as the average of two independent <br />MAI appraisals. Staff requests approval of <br />Resolution No. 2902. <br />Upon a motion by Mr. Downes, seconded by <br />Ms. King and unanimously carried, the <br />Commission approved Resolution No. 2902 <br />approving the fair market value of property <br />in the South Bend Central Development Area <br />(Six Monroe Park Neighborhood properties). <br />(3) Bid Specifications and Design <br />Considerations for 609 Columbia Street. <br />Mr. Sikora noted that the Bid Specifications <br />and Design Considerations for each of the <br />Monroe Park properties include that <br />Proposals must conform to the existing <br />zoning provisions set forth for the "SF 1" and <br />"SF2" Residential District; must include a <br />basic reuse plan for the site and a project <br />timeline detailing aspects of the site <br />redevelopment and site improvements. <br />During the review process, emphasis will be <br />placed on compatibility with the goals and <br />objectives of the Monroe Park Neighborhood <br />20 <br />COMMISSION APPROVED RESOLUTION No. 2902 <br />APPROVING THE FAIR MARKET VALUE OF <br />PROPERTY IN THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA (SIX MONROE PARK <br />NEIGHBORHOOD PROPERTIES) <br />