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South Bend Redevelopment Commission <br />Regular Meeting — August 17, 2007 <br />6. NEW BUSINESS CONT.) <br />.A. South Bend Central Development Aare <br />(3) continued... <br />Upon a motion by M.'r..1 .J.n ., seconded by <br />'Mr. Downes and unanimously earned, the <br />Com.m.zssion approved the request for <br />proposals for appraisal services and accepted <br />the proposals from. R.E. McCloskey and R.E. <br />Pitts 'for the scope of services and fee <br />proposed. <br />(4) Commission approval requested for <br />Resolution No. 2342 related to acquisition <br />of property in the South Bend Central <br />Development Area, (Setting the acquisition <br />price for KeyBank Plaza) <br />Ms. Laurent noted that on. April 65 20075 the <br />Comn'lission approved a Memorandum andum of <br />'Understanding outlining negotiated points of <br />a development partnership with the Hinman <br />Company, owner of the KeyBank Tower in <br />the South Bend. Central Development Area. <br />The MOU outlined a means by which, in <br />support of the project, the Redevelopment <br />Commission would purchase the plaza area <br />and iMprove it to make a -usable ai -id <br />attractive green space in the downtown. <br />Resolution No. 2342 sets the offering price <br />for purchase of the KeyBank Plaza at <br />$1 56,000, the average of two MAI <br />appraisals. Staff requests approval of the <br />resolution. <br />Mr. King jade a motion to approve <br />Resolution No. 2342 related to acquisition of <br />property in the South Bend Central <br />Development Area. Mr. Downes seconded <br />10 <br />COMMISSION APPROVED rI FIE- REQUEST FOR <br />PROPOSALS FOR APPRAISAL SERVICES AND <br />ACCEPTED THE PR P SA.I. -S FROrvi R.E. <br />MCC LOCK AND R.E. r]"I's FOR ,n-.II_ SCSmpi" 0i. <br />SERVICES AND I~EE. PROPOSED <br />COMMISSION APPROVED RESOLUTION No. 2342 <br />RELATED -rO ACQUISITION OF PROP[ T IN THE <br />SOUTH EN1) FNT AL. DFv I_,OPM1 NT AREA <br />