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South Bend Redevelopment Commission Regular Meeting — September 13, 2011 7. PROGRESS REPORTS Mr. Inks noted concerning the Bosch property, the staff continues to take businesses and members of the community through the facility so they become familiar with the site. The site has been appraised but we haven't gotten the appraisals back yet. They are expected next week. It was appraised as a whole site and a split site because there are two significant buildings. As the site is being shown, some parties are interested in the main building, but not necessarily the second office building. Staff needs to do some assessment on how to split that site as we prepare to market it. Staff would like to proceed with this as soon as possible. Staff requests a not -to- exceed amount of $5,000 to hire a local firm to determine how we might split the site. Mr. Downes asked what the square footage was for each building. Mr. Inks responded there are 270,000 sq. ft. in the large building and 100,000 sq. ft. in the office building. The larger building has three stories of office in the front but is mainly a warehouse on the back side. Mr. Downes asked on the scale of one to ten what the interest has been so far. Mr. Inks responded, four to five. Ms. King asked what condition the buildings were in to which Mr. Inks replied they are excellent and were well maintained by Bosch. Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved the not -to- exceed amount of $5,000 to hire for site recommendations. 8. NEXT COMMISSION MEETING The next meeting of the Redevelopment Commission is scheduled for Tuesday, September 27, 2011 at 4:00 p.m. 29 PROGRESS REPORTS Commission approved the not -to- exceed amount of $5,000 to hire for site recommendations. NEXT COMMISSION MEETING