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Community & Economic Development <br />1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 <br />To: Redevelopment Commission <br />From: Matthew Sikora, Economic Development Planner <br />Subject: Res. No. 2926 — Acquisition Offer for 622 E. Sample Street <br />Date: August 9, 2011 <br />This is the staff report for the acquisition of 622 E. Sample Street. This property was added <br />to the Airport Economic Development Area Acquisition List by Resolution No. 1839 on July <br />20, 2001. It was added a part of an effort to create a site for a proposed expansion of <br />South East Neighborhood Park (attached map). <br />This particular property is a two story, 1,806 square foot, three - bedroom single family <br />residence. The property owner would like participate in the goals of the Commission in its <br />efforts to clean and clear this area, and contacted Staff of their interest in selling this <br />property. <br />Resolution No. 2926 sets the acquisition value of the property at $27,000. The acquisition <br />value is the average value as determined by two independent appraisals. <br />Staff requests approval of Resolution No. 2926, to allow for the acquisition of this property. <br />What We Do Today Makes A Differencel <br />