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08-06-04 Redevelopment Commission Minutes
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08-06-04 Redevelopment Commission Minutes
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IL Redevelopment Commission Meeting <br />Regular Meeting — July 16, 2004 <br />6. NEW BUSINESS <br />I. Northeast Neighborhood Development Area <br />(1) continued... <br />Mr. Laurent noted that Resolution No. 2078 <br />relates to property at 1340 South Bend <br />Avenue, owned by Mach Development Inc. <br />(Sears Warehouse Facility). The resolution <br />sets an offering price of $687,500 based on <br />the average of two appraisals. The property <br />is needed for the Fredrickson Park <br />redevelopment project. <br />Upon a motion by Mr. Hunt, seconded by <br />Mr. Blake and unanimously carried, the <br />Commission approved Resolution No. 2078 <br />relating to the acquisition of real property in <br />the Northeast Neighborhood Development <br />Area. <br />(2) Commission approval requested for <br />professional services in the Northeast <br />Neighborhood Development Area. <br />(Appraisal of 604 N. Hill) <br />Ms. Hughes noted that appraisals two are <br />needed for 604 N. Hill (Kay Equipment). <br />Two proposals were. Staff recommends <br />accepting the proposals from Jerome <br />Michaels and Rick Pitts for $3,900 and <br />$3,400 respectively. <br />Upon a motion by Mr. Hunt, seconded by <br />Mr. Kahn and unanimously carried, the <br />Commission approved the request for <br />proposals for professional services in the <br />Northeast Neighborhood Development Area <br />and accepted the proposal from Jerome E. <br />Michaels and R.E. Pitts & Associates for the <br />scope of services and fee proposed. <br />IL 14 <br />COMMISSION APPROVED RESOLUTION NO. 2078 <br />RELATING TO THE ACQUISITION OF REAL <br />PROPERTY IN THE NORTHEAST NEIGHBORHOOD <br />DEVELOPMENT AREA. <br />COMMISSION APPROVED THE REQUEST FOR <br />PROPOSALSFOR PROFESSIONAL SERVICES IN THE <br />NORTHEAST NEIGHBORHOOD DEVELOPMENT <br />AREA AND ACCEPTED THE PROPOSAL FROM <br />JEROME E. MICHAELS AND R.E. PITTS & <br />ASSOCIATES FOR THE SCOPE OF SERVICES AND <br />FEE PROPOSED. <br />
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