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� A Ct/)I <br />o m ur q1,iiCr o <br />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: David Relos, Economic Development Planner <br />Subject: Res. No. 2929 — Acquisition Offer for 1530 S. Kemble <br />Date: August 23, 2011 <br />This is the staff report for the acquisition of 1530 S. Kemble. This property was added to <br />the Airport Economic Development Area Acquisition List by Resolution No. 2668 on May <br />21, 2010. It was added in an effort to clean and clear the southern boundary of Ignition <br />Park, and to help stabilize the Rum Village neighborhood to the south. The Rum Village <br />Neighborhood Association strongly supports the redevelopment of this area on the north <br />side of Indiana Avenue. <br />This particular property is an 8,400 square foot vacant lot at the corner of Kemble and <br />Indiana Ave. <br />The property owner would like participate in the goals of the Commission in its efforts to <br />clean and clear this area, and contacted Staff of their interest in selling this property. <br />Resolution No. 2929 sets the acquisition value of the property at $3,650. The acquisition <br />value is the average value as determined by two independent appraisals. <br />Staff requests approval of Resolution No. 2929, to allow for the acquisition of this property. <br />What We Do Today Makes A Difference! <br />