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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -April 5, 2007 <br />6. NEW BUSINESS <br />B. South Bend Central Development Area <br />() continued... <br />The first step is to set the fair market value of <br />the land, the offering price. Resolution <br />No. 2322 sets the offering price at $9,400 for <br />the 5,866 sft parcel (.135 acres) <br />Upon a motion by Mr. King, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved Resolution No. 2322 <br />approving the fair market value of property <br />in the South Bend Central Development <br />Area. (Commerce Center Parking) <br />(2} Commission approval requested for Bid <br />Specifications for a vacant lot west and <br />adjacent to 312 East LaSalle Street in the <br />South Bend Central Development Area. <br />(Commerce Center Parking) <br />Upon a motion by Mr. Downes, seconded by <br />Mr. King and unanimously carried, the <br />Commission approved the Bid Specifications <br />for a vacant lot west and adjacent to 312 East <br />LaSalle Street in the South Bend Central <br />Development Area. (Commerce Center <br />Parking) <br />(3) Commission authorization requested to <br />publish Notice of Intended Sale of <br />Property with publication dates of April <br />13 and April 20, 2007 and receipt of bids <br />at 10:00 a.m., May 4, 2007. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. King and unanimously carried, the <br />Commission authorized publication of the <br />Notice of Intended Sale of Property with <br />COMMISSION APPROVED RESOLUTION N0.2322 <br />APPROVING THE FAIR MARKET VALUE OF <br />PROPERTY IN THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA. (COMMERCE CENTER <br />PARKING) <br />COMMISSION APPROVED THE BID <br />SPECIFICATIONS FOR A VACANT LOT WEST AND <br />ADJACENT TO 312 EAST LASALLE STREET IN <br />THE SOUTH BEND CENTRAL DEVELOPMENT <br />AREA. (COMMERCE CENTER PARKING) <br />COMMISSION AUTHORIZED PUBLICATION OF THE <br />NOTICE OF INTENDED SALE OF PROPERTY WITH <br />PUBLICATION DATES OF APRIL 13 AND APRIL 20, <br />2007 AND RECEIPT OF BIDS AT 10:00 A.M., <br />MAY 4, 2007 <br />15 <br />