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South Bend Redevelopment Commission <br />Regular Meeting -August 4, 2006 <br />6. NEW BUSINESS (CONT.) <br />E. Airport Economic Development Area <br />continue ... <br />Mr. Hojnacki asked if the document is non- <br />binding, why are we approving it? Mr. <br />Peterson responded that it isnon-binding <br />subject to the completion of the procedures to <br />go through the financing. The reason we're <br />entering into this agreement with them is to <br />establish all the boundaries of the terms so <br />that they are comfortable enough to annex a <br />potion of the property into the city limits. <br />The MOUT sets out the terms up front of <br />what we're willing to agree do, and they are <br />comfortable with those terms. <br />Mr. King asked for a timeline. Mr. Peterson <br />responded that the annexation and acquisition <br />should be complete by the end of the year. <br />Upon a motion by Mr. King, seconded by <br />Mr. Blake and unanimously carried, the <br />Commission approved the Memorandum of <br />Understanding with Albert and Marilyn <br />Lichtenbarger. <br />(3) Commission approval requested for <br />proposals for professionals services in the <br />Airport Economic Development Area. <br />(Appraisals R.O.W. Dylan Dr.) <br />Mr. VVitwer noted that staff needs two <br />appraisals for the right-of way acquisitions <br />necessary for the extension of Dylan Drive <br />north to Adams Road. Three proposals were <br />requested. Ralph Lauver proposed to <br />complete the appraisals for a fee of $3,950; <br />Rick Pitts proposed to complete the <br />appraisals for a fee of $3,200 and Jerome <br />COMMISSION APPROVED THE MEMORANDUM OF <br />UNDERSTANDING WITH ALBERT AND MARILVN <br />LICHTENBARGER <br />12 <br />