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South Bend 'Redevelopment Commission <br />Regular Meeting -- ...October 19, 2007 <br />6. NEW BUSINESS (CONY.) <br />B. South Bend Central Development Area <br />(1) continued... <br />to purchase this property. It does set an <br />offering price and allows us to approach the <br />property owner to try to negotiate purchase <br />of the property. If there are good <br />opportunities for private development, we <br />won't stand in the way of that. But this does <br />allow us to rove forward with at least an <br />initial offer on the property. Our <br />understandIng is that tbe asking -price is <br />significantly higher than what the <br />Commission is offering this morning, so <br />there will be a fair amount of negotiatlo.n <br />ahead of us. <br />Mr. ding noted that these buildings have <br />elements that are well worth saving, but <br />those elements and the buildings they are <br />attached to are rapidly deteriorating. By our <br />taking control of those buildings, we can <br />provide some mamte a ee to prevent further <br />detenioratlon, we are actually enhancing the <br />prospects of a future private sector <br />acquisition and rehabilitation for those <br />buildings. <br />'Mr. King made a motion that Resolution <br />Igo. 2388 be approved. Mr. Townes <br />seconded the notion. The motion passed on <br />a vote of four to one w1th Mr. Peczkowskl <br />oppose.. <br />(2) Commission approval requested for <br />proposal for professional services in the <br />South Bend Central Development Area. <br />(Title work, 513 & 505 S. Michigan St, <br />16 <br />COMMISSION ION APPROVED RESOL.UTION No. 2358 <br />RELATED TO ACQUI S IT ION 0 F P ROPERTY III THE <br />SOUTF-i BEND r,` T Ai.- r vi -1 0PN4J -_;1NT AREA <br />