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South Bend Redevelopment Commission <br />Regular Meeting —July 12, 2011 <br />6. NEW BUSINESS (CONT.) <br />E. Airport Economic Development Area <br />(1) continued... <br />settlement. <br />Upon a motion by Ms. King, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved Administrative <br />Settlement for acquisition of 1503 -1505 S. <br />Kemble Avenue in the amount of $48,600. <br />(2) Resolution No. 2914 related to acquisition <br />of property at 1510 S. Kendall St. <br />Mr. Relos noted 1510 S. Kendall was added <br />to the Airport Economic Development Area <br />Acquisition List by Resolution No. 2668 on <br />May 21, 2010. It is a two story, four <br />bedroom single family residence with a two <br />car garage. The property owner would like <br />participate in the goals of the Commission in <br />its efforts to clean and clear this area, and <br />contacted staff of their interest in selling this <br />property. <br />Resolution No. 2914 sets the acquisition <br />value of the property at $21,750, the average <br />of two independent appraisals. Staff <br />recommends approval. <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved Resolution No. 2914 <br />related to acquisition of property at 1510 S. <br />Kendall St. <br />(3) Administrative Settlement for 1510 s. <br />Kendall St. <br />22 <br />APPROVED ADMINISTRATIVE SETTLEMENT FOR <br />ACQUISITION OF 1503 -1505 S. KEMBLE AVENUE <br />IN THE AMOUNT OF $48,600. <br />COMMISSION APPROVED RESOLUTION NO. 2914 <br />RELATED TO ACQUISITION OF PROPERTY AT 1510 <br />S. KENDALL ST. <br />