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South Bend Redevelopment Commission <br />Regular Meeting — September 13, 2011 <br />6. NEW BUSINESS (CONT.) <br />B. South Bend Central Development Area <br />(7) continued... <br />estate on this site. <br />Mr. Varner asked if there was a timeline on <br />the acquisition. Mr. Gibney reiterated that as <br />this has to go to the Area Plan Commission, <br />Common Council, and back to the <br />Commission for a public hearing and final <br />vote. Staff expects acquisition before the end <br />of the year. <br />Mr. Downes asked if there will be further <br />environmental costs. Mr. Gibney responded <br />that he did not know, pending the Phase II <br />site assessment. <br />Ms. King asked if a study would be done <br />before the city makes an offer to which Mr. <br />Gibney responded yes. <br />Mr. Downes asked if the purchase would be <br />subject to a sales agreement being in place <br />prior to the purchase. He asked if it is legal <br />to negiotiate an agreement simultaneously. <br />Mr. Gibney responded that there is a <br />developer who has expressed interest in it <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved Resolution No. 2932 <br />amending the Development Plan for the <br />South Bend Central Development Area and <br />adding an interest in one or more parcels to <br />the List of Parcels to be Acquired (former <br />Wharf site) as well as the setting of the <br />Public Hearing. <br />13 <br />COMMISSION APPROVED RESOLUTION NO. 2932 <br />AMENDING THE DEVELOPMENT PLAN FOR THE <br />SOUTH BEND CENTRAL DEVELOPMENT AREA <br />AND ADDING AN INTEREST IN ONE OR MORE <br />PARCELS TO THE LIST OF PARCELS TO BE <br />ACQUIRED (FORMER WHARF SITE) AS WELL AS <br />THE SETTING OF THE PUBLIC HEARING. <br />