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South Bend Redevelopment Commission <br />Regular Meeting — October 25, 2011 <br />one or more parcels to the List of Parcels <br />to be Acquired. <br />Mr. Sikora noted that on October 11, 2011, <br />the Commission authorized staff to conduct <br />surveys, investigations, and thoroughly study <br />the Airport Economic Development Area <br />(AEDA) for the potential to add properties to <br />the acquisition list. This process included the <br />gathering of information on parcels to be <br />added, and an estimation of costs associated <br />with their acquisition and redevelopment. <br />Resolution No. 2950 is the Declaratory <br />Resolution to amend the AEDA to add 401 <br />North Bendix and the 1300 block of South <br />Michigan Street the List of Parcels to be <br />Acquired. The properties have been assessed <br />and their potential acquisition found to be <br />consistent with the goals and objectives of <br />the Airport Economic Development Area <br />Development Plan. <br />The parcel located at 401 North Bendix is <br />adjacent to the Bosch complex and currently <br />owned by Honeywell, Inc. The ability to add <br />this parcel would allow for the broadening of <br />development possibilities at the exiting <br />Bosch site as we look to future users and <br />their potential plans for expansion. The <br />additional three parcels are located at the <br />1300 block of South Michigan Street. This is <br />an area in which the city owns a number of <br />individual parcels within the block, and <br />acquisition of the sites would allow for better <br />site control and a more developable/ <br />marketable site. <br />The expected cost for the acquisition and <br />improvements to these properties is <br />approximately $500,000. Approval of <br />Resolution No 2950 does not commit the <br />14 <br />