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South Bend Redevelopment Commission <br />Regular Meeting - March 2, 2001 <br />4. COMMUNICATIONS <br />There were no Communications. THERE WERE NO COMMUNICATIONS <br />5. OLD BUSINESS <br />There was no Old Business. <br />6. NEW BUSINESS <br />a. Commission approval requested for the <br />disposition of property in the Airport <br />Economic Development Area. (Lot 3, <br />Blackthorn Corporate Center) <br />THERE WAS NO OLD BUSINESS <br />Mr. Rock stated that staff had received a proposal <br />from County Mayo Irish Inn & Pub, LLC for the <br />hotel site in the Blackthorn Corporate Office <br />Park. The purchase price for the property is <br />$366,000, or $80,000 per acre. The required <br />faithful performance guarantee of 10% was not <br />submitted with the proposal, but that has been <br />promised next week. Construction is scheduled <br />to begin June 1, 2001, with a completion date by <br />the summer of 2002. The Inn will consist of a 52 <br />unit lodging and food service facility, designed <br />as a traditional Irish inn and club. Mr. Rock <br />went on to say that this lot has been identified as <br />a hotel site since the creation of the corporate <br />office park. County Mayo Irish Inn & Pub is the <br />first official proposal that staff has received for <br />the property. One outstanding issue is the <br />Marathon Oil pipeline that runs through the <br />property. Staff is working with Mr. Follensbee <br />to move the pipeline off the site. The pipeline <br />must be moved regardless of what development <br />goes onto the site. <br />Mr. Follensbee gave a presentation of the County <br />Mayo Irish Inn & Pub to the Commission. He <br />52 <br />