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6. NEW BUSINESS (CONT.) <br />Economic Development D. Airport Area p <br />(1) continued... <br />properties being developed by Majority are <br />adjacent and both are challenged with site <br />issues that are the reverse of Lot 2A's <br />challenges. Specifically, instead of being <br />declining elevation issues as in Lot 2A, there <br />are increase issues on the commercial project <br />site. What Majority Builders proposes to do <br />is to develop the commercial site that they <br />are currently working on, and move the <br />materials from that site to Lot 2A. The result <br />would be to level both sites thus creating <br />fully developable properties. <br />Mr. Schalliol commented that he spoke with <br />the Commission's legal counsel about this <br />project and Ms. Greene has prepared findings <br />of facts that basically encapsulates the <br />agreement. <br />Ms. Greene advised that, as Mr. Schalliol <br />explained, Lot 2A has already been through <br />the public bidding process required by law. <br />When the Commission sells property there is <br />a procedure that must be followed pursuant <br />to IC 36- 7- 14 -22. Under this section of the <br />Code, once the bidding process has been <br />completed and thirty days have passed, the <br />Commission is free to conduct private <br />negotiation on the sale of property. This <br />property is well beyond the thirty day <br />restriction. This particular transaction, as <br />proposed, is unique, so the findings before <br />the Commission today in Resolution 2125 <br />capture the unusual circumstances of this <br />transaction. <br />Ms. Greene further advised that it is her legal <br />opinion that the transaction is not outside the <br />scope of the Commission's powers and <br />14 <br />