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South Bend Redevelopment Commission <br />Regular Meeting — March 18, 2005 <br />6. NEW BUSINESS (CONT.) <br />I. South Side Development Area <br />(1) continued... <br />independent appraisals of fair market value. <br />However, I.C. 36- 7- 14 -19(b) grants the <br />Commission the right to exceed the offering <br />price if specifically authorized by the <br />Commission. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Blake and unanimously carried, the <br />Commission approved a counter -offer in the <br />amount of $113,500 for property located at <br />4209 South Main Street in the South Side <br />Development Area. <br />J. Northeast Neighborhood Development Area <br />There was no business in the Northeast <br />Neighborhood Development Area. <br />7. PROGRESS REPORTS <br />There was no report. <br />8. NEXT COMMISSION MEETING <br />The next meeting of the Redevelopment Commission is <br />scheduled for Friday, April 1, 2005 at 10:00 a.m. <br />9. ADJOURNMENT <br />There being no further business to come before the <br />Redevelopment Commission, Mr. Downes made a <br />motion that the meeting be adjourned. Mr. Blake <br />seconded the motion and the meeting was adjourned at <br />10:27 a.m. <br />C, 16 <br />COMMISSION APPROVED A COUNTER -OFFER IN <br />THE AMOUNT OF $113,500 FOR PROPERTY <br />LOCATED AT 4209 SOUTH MAIN STREET IN THE <br />SOUTH SIDE DEVELOPMENT AREA. <br />THERE WAS NO BUSINESS IN THE NORTHEAST <br />NEIGHBORHOOD DEVELOPMENT AREA. <br />PROGRESS REPORTS <br />NEXT COMMISSION MEETING <br />ADJOURNMENT <br />