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South Bend Redevelopment Commission <br />Regular Meeting — October 21, 2005 <br />6. NEW BUSINESS (CONT.) <br />C. South Bend Central Development Area <br />(3) continued... <br />made to the building before it was offered. <br />However, the building is being offered "as <br />is," so Mr. Michaels was asked to revise his <br />appraisal to base it on the building in its <br />current condition. <br />Upon a motion by Mr. King, seconded by <br />Mr. Hojnacki and unanimously carried, the <br />Commission approved Resolution No. 2190 <br />approving the fair reuse value of property in <br />the South Bend Central Development Area. <br />(Osco Drug Store) <br />(4) Commission approval requested for Bid <br />IL Specifications for property in the South <br />Bend Central Development Area. (Osco <br />Drug Store) <br />Ms. Laurent summarized the Bid <br />Specifications for the former Osco Drug <br />Store property. She noted that Wightman <br />Petrie had evaluated the building to assess its <br />suitability for adding a second story. That <br />information is included in the Bid Packet as <br />information only. We are not requiring a <br />developer to add a second story. We do want <br />the development to be a complete rehab for a <br />commercial retail use, while maintaining the <br />pedestrian orientation of the building's <br />presence on Michigan Street. <br />Ms. Laurent also noted that the Bid Packet <br />includes information from the Buxton study <br />indicating drive times and the desirable retail <br />trade potential for the site. <br />COMMISSION APPROVED RESOLUTION NO. 2190 <br />APPROVING THE FAIR REUSE VALUE OF <br />PROPERTY IN THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA. (OSLO DRUG STORE) <br />