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South Bend Redevelopment Commission <br />Regular Meeting -December 7, 2007 <br />6. NEW BUSINESS (CONT.) <br />D. South Bend Central Development Area <br />(1) continued... <br />of property in the South Bend Central <br />Development Area. (Cleo Washington) <br />Mr. Schalliol noted that Resolution No. 2407 <br />and 2416 are related to acquisition of <br />property located at 520 W. Wayne Street in <br />the South Bend Central Development Area <br />and the Coveleski neighborhood planning <br />area. Resolution No. 2407 sets the <br />acquisition value for these five parcels. Value <br />of the single family house and five parcels of <br />vacant land is established at $84,250. <br />Mr. Peczkowski asked Mr. King if he was <br />comfortable making a decision on this <br />acquisition since the Commission received <br />the information late. Mr. King said he <br />recognized that negotiations like this one are <br />difficult. He would personally be more <br />comfortable having the HOK study findings <br />in hand and having a vision for the entire <br />neighborhood. When this was first presented <br />on November 2"d there were a lot of public <br />attending. We said we would have a study <br />and know what we are doing with the whole <br />neighborhood before moving on any of the <br />acquisitions. However, he said he also <br />recognized the need to buy while a seller is <br />willing to sell. <br />Mr. Downes made a motion to approve <br />Resolution No. 2407 related to acquisition of <br />property in the South Bend Central <br />Development Area. (520 W. Wayne). The <br />motion was seconded by Mr. Blake. The <br />motion carried on a vote of four to one with <br />Mr. Peczkowski opposed. <br />COMMISSION APPROVED RESOLUTION NO. 2407 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />SOUTH BEND CENTRAL DEVELOPMENT AREA. <br />(520 W. WAYNE) <br />34 <br />