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South Bend Redevelopment Commission <br />Regular Meeting —March 7, 2003 <br />6. NEW BUSINESS (CONT.) <br />A. Public Hearings <br />(3) continued... <br />important to the development of the south <br />side. <br />Mr. Steven Monroe, owner of the five <br />properties located on S. Main Street, advised <br />that he was approached by two different <br />developers at the time this project started. <br />The property is under contract to be sold to a <br />developer. Mr. Monroe stated he has no <br />intention of standing in the way of any <br />development whatsoever and would greatly <br />appreciate development on the south side. <br />Mr. Monroe explained he is not sure what to <br />do at this point; however, the property is <br />ILsold to a developer. <br />Ms. Greene advised Mr. Monroe that it was <br />not her role to give him legal advice and that <br />she acts solely as legal counsel to the <br />Commission. She advised him that he <br />should follow up with his own attorney. Ms. <br />Greene explained that the Redevelopment <br />Commission, in order to accomplish a <br />development of a particular area, is allowed <br />to purchase property and then make it <br />available for redevelopment. The first step <br />the Commission has to take is to add <br />property they need to acquire for <br />redevelopment to an acquisition list, which <br />is what is happening today. A notice goes <br />out to the property owner. Ms. Greene then <br />asked if Mr. Monroe had closed on the <br />properties. <br />Mr. Monroe's response was no they have <br />not. <br />