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South Bend Redevelopment G'c mniissi.on <br />Rescheduled ReuLllar Meeting - - - - -M a. ' 8, 2007 <br />. N B SINE S CC T. <br />C. South Bend Central Development Area <br />(7) continued... <br />Mr. Pec zkowski asked if the 21100 reflects <br />mostly the Va.lLie of the land, since the <br />buildings are offered "as is." Mr. Schalli.oi <br />responded that the land and buildinas may be <br />worth as naucli as $62, 1 . The staff had the <br />property appraised tl i-ce wa s: '(--LS is, with one <br />t)Llilding demolished, and as vacant land. <br />The best W -14te was with the two buildill s <br />standinc,. <br />Mr. 11ec km, -\ s1: i ash cd i f it is taff' <br />expectation that the buildings will be taken <br />down "? Mr. Schall of responded that lice is <br />aware of so -n-le interest in rCLUSIng the <br />Upon a motion by Mr. Downes, seconded by <br />Mr. ecz o sl i and unanimously carried, <br />the Commission. approved Resolution <br />No. -3 6 appro ina the Fai.r Market Value of <br />Property ill the SOLIth Bend Central <br />Development Area.. former Art Mosaic Tile) <br />(8) Commission approval requested for Bid <br />Specifications and Design Considerations <br />for property in the South Bend Central <br />Development Area. (former Art Mosaic <br />Tile) <br />Mr, Schalhol noted that the bid specification -s <br />include that the entire parcel must be <br />PUrchased; all proposals for the reuse of the <br />disposition parcel must include a basic reuse <br />plan for the existing buildniors and site and a <br />project orneline detailing aspects of the site <br />redevelopment, Bids must be received by <br />18 <br />APPI (W INGT -1-1-]L'FAIR MARKET VALUE OF <br />D EV [--,, 1-0 P M r-1N -i- ARENA. i,oi .M :ri Ai ls- MOSAW.` <br />