Laserfiche WebLink
South Bend Redevelopment Commission <br />Regular Meeting — August 23, 2011 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(5) continued... <br />Mr. Relos noted that 1526 S. Catalpa. was <br />added to the Airport Economic Development <br />Area Acquisition List by Resolution <br />No. 2668 on May 21, 2010. This particular <br />property is a two story vacant house in poor <br />condition. It is a three bedroom, one bath, <br />1,392 square foot structure. <br />This property was purchased by the <br />Commission in the March 2010 County <br />Commissioner Tax Sale, and was later <br />redeemed. It is currently listed on the <br />County's September 14, 2011 tax sale for the <br />$2,040.16 in back taxes. The property could <br />be redeemed again between now and tax sale <br />time. <br />Resolution No. 2930 sets the acquisition <br />value of the property at $2,500. Staff <br />requests approval. <br />Mr. Varner asked whether the property could <br />be redeemed after it goes to tax sale. Mr. <br />Relos responded that the owner would have <br />to pay all the back taxes this time in order to <br />redeem it. According to the Auditor's Office, <br />they only had to pay taxes for one year to <br />redeem it last time. <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved Resolution No. 2930 <br />related to acquisition of property in the <br />Airport Economic Development Area (1526 <br />S. Catalpa) which will allow staff to register <br />and bid on this property in the maximum <br />amount of $2,500. <br />14 <br />COMMISSION APPROVED RESOLUTION NO. 2930 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA <br />(1526 S. CATALPA) WHICH WILL ALLOW STAFF <br />TO REGISTER AND BID ON THIS PROPERTY IN THE <br />MAXIMUM AMOUNT OF $2,500 <br />