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South Bend Redevelopment Commission <br />Regular Meeting — November 8, 2011 <br />(South Bend Central Development Area), <br />and regarding certain related matters. <br />D. Airport Economic Development Area <br />(1) Staff report on Ignition Park South <br />expansion. <br />Mr. Relos noted that the Commission <br />authorized acquisition of 150 parcels in the <br />Ignition Park South expansion area. Of those <br />150 parcels, 21 were already owned by the <br />city, 20 were acquired at the March 2010 tax <br />sale, and seven were railroad owned. <br />Mr. Relos reviewed a map of the Ignition <br />Park South expansion area showing the <br />current status of those parcels. As of today, <br />103 parcels are under city control, 29 are in a <br />negotiating status, one was recently <br />purchased at the September 2011 tax sale, <br />and 10 have either stated they do not want to <br />sell, or are in some other status with the <br />department. For comparison purposes, as of <br />the last update to the Commission 14 months <br />ago, 66 parcels were under City ownership. <br />Mr. Relos noted that, to date, total <br />acquisition and relocation costs have been <br />$2,193,965, compared to $3,999,500 that had <br />been budgeted for these parcels (a <br />$1,805,535 savings or 45% under budget). <br />Though much work remains, staff wishes to <br />thank the Commission for the approvals <br />necessary to carry out this project. It will <br />expand Ignition Park by an additional 23 <br />acres, and help stabilize the Rum Village <br />neighborhood to the immediate south of this <br />planning area. <br />Ms. King asked how many properties that are <br />12 <br />STAFF REPORT ON IGNITION PARK SOUTH <br />EXPANSION <br />