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South Bend Redevelopment Commission <br />Regular Meeting — February 7, 2003 <br />6. NEW BUSINESS <br />C. South Bend Central Development Area <br />(7) (continued...) <br />major catalyst for future development <br />on the south side of the Downtown <br />area. <br />► Currently, staff is in negotiations for <br />more property located to the south of <br />Franny's Restaurant and the purchase <br />of these properties would give the <br />Commission half of a city block for <br />future development. <br />Ms. Greene noted that the property is <br />currently vacant and there would be no <br />relocation costs. <br />Upon a motion by Mr. Blake, seconded <br />COMMISSION ACCEPTED THE COUNTER OFFER <br />by Mr. Kahn and unanimously carried, FROM 1- SOURCE BANK AS TRUSTEE FOR LAND <br />the Commission accepted the counter TRUST ##72- 0004 -01 -9 IN THE AMOUNT OF <br />$175,000.(416 S. MAIN STREET, FRANNY's <br />offer from V Source Bank as Trustee RESTAURANT) <br />for Land Trust #72- 0004 -01 -9 in the <br />amount of $175,000. (416 S. Main <br />Street, Franny's Restaurant) <br />D. Sample -Ewing Development Area <br />(1) Commission approval requested for <br />proposal for professional services in <br />the Sample -Ewing Development <br />Area. (Appraisal work, Sample & <br />Carroll -8 properties) <br />Mr. Williams reported that staff <br />requested proposals for the appraisal of <br />eight (8) properties located at the <br />southeast corner of East Sample and <br />Carroll Streets in the Sample -Ewing <br />26 <br />