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South Bend Redevelopment Commission <br />Regular Meeting -January 20, 2006 <br />5. OLD BUSINESS <br />There was no Old Business. <br />6. NEW BUSINESS <br />A. Receipt of Bids <br />(1) Bid Opening for property located in the <br />South Bend Central Development Area. <br />(Rink Riverside site) <br />Mr. Inks noted that two bids were received <br />by the 10:00 a.m. deadline. The first was <br />from Ralph Jones Drive Partners LP. <br />Ms. Greene reviewed the bid submitted and <br />noted that the Statement of Qualifications <br />was properly executed, as was the Statement <br />for Public Disclosure and the Affidavit of <br />Non-Collusion. Ms. Greene noted that the <br />Commission's offering price for the property <br />per the bid specifications was $337,500. <br />Ralph Jones Drive Partners' offer is in the <br />amount of $30,000; therefore, the bid <br />submitted by Ralph Jones Drive Partners is <br />non-conforming. <br />Mr. Inks opened the second bid received <br />which was from Eco Urban Collaborative. <br />Ms. Greene reviewed the bid submitted and <br />noted that the Statement of Qualifications <br />was properly executed, as was the Statement <br />for Public Disclosure and the Affidavit of <br />Non-Collusion. Eco Urban Collaborative has <br />offered $1 for the property, which renders the <br />bid non-conforming. <br />Ms. Greene advised the Commission that <br />neither bid submitted meets the <br />Commission's bid specifications. Based on <br />THERE WAS NO OLD BUSINESS <br />4 <br />