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South Bend Redevelopment Commission <br />Regular Meeting —July 18, 2003 <br />6. NEW BUSINESS <br />F. Airport Economic Development Area <br />(3) continued... <br />expanding the AEDA to include the <br />properties is scheduled. Passage of <br />Resolution No. 1979 would be approved <br />subject to annexation of the property and <br />subsequent passage of Resolution No. 1977 <br />making it part of the AEDA. <br />Upon a motion by Ms. Jones, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Commission approved Resolution No. 1979 <br />related to acquisition of property in the <br />Airport Economic Development Area, <br />subject to annexation of the property into the <br />City of South Bend and approval of <br />Resolution No. 1977 expanding the Airport <br />Economic Development Area boundaries to <br />include the property. <br />(4) Staff report on acquisition of property <br />located in the Airport Economic <br />Development Area. (23953 Brick Road, <br />Gaby Property) <br />Mr: Williams explained that the Gabys <br />would like a letter of intent from the <br />Commission indicating its interest in <br />purchasing their property once the <br />annexation is complete and the property. <br />incorporated into the Airport Economic <br />Development Area. The letter indicates a <br />potential offering price of $100,000, subject <br />to the voluntary annexation and expansion <br />of the AEDA. <br />14 <br />COMMISSION APPROVED RESOLUTION NO. 1979 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA, <br />SUBJECT TO ANNEXATION OF THE PROPERTY INTO <br />THE CITY OF SOUTH BEND AND APPROVAL OF <br />RESOLUTION NO. 1977 EXPANDING THE AIRPORT <br />ECONOMIC DEVELOPMENT AREA BOUNDARIES <br />TO INCLUDE THE PROPERTY. <br />