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South Bend Redevelopment Commission <br /> Regular Meeting—April 24, 2012 <br /> help stabilize the Rum Village neighborhood <br /> to the south. The Rum Village <br /> Neighborhood Association strongly supports <br /> the redevelopment of this area on the north <br /> side of Indiana Avenue. <br /> This particular property is a large <br /> commercially zoned double lot at the <br /> northeast corner of Kendall and Indiana. The <br /> property owner would like to participate in <br /> the goals of the Commission to clean and <br /> clear this area and contacted staff of their <br /> interest in selling this property. <br /> Resolution No. 3027 sets the acquisition <br /> value of the property at $15,750. The <br /> acquisition value is the average value as <br /> determined by two independent appraisals. <br /> Staff requests approval of Resolution No. <br /> 3027, to allow for the acquisition of this <br /> property. <br /> Upon a motion by Mr. Varner, seconded by COMMISSION APPROVED RESOLUTION No.3027 <br /> Mr. Downes and unanimously carried, the RELATED TO ACQUISITION OF PROPERTY IN THE <br /> Commission approved Resolution No. 3027 AIRPORT ECONOMIC DEVELOPMENT AREA.(721 <br /> related to acquisition of property in the W.INDIANA) <br /> Airport Economic Development Area. (721 <br /> W. Indiana) <br /> (5) Resolution No. 3028 related to acquisition <br /> of property in the Airport Economic <br /> Development Area. (913-915 W. Indiana) <br /> Mr. Relos noted the staff report for the <br /> acquisition of 913-915 W. Indiana. This <br /> property was added to the Airport Economic <br /> Development Area's Acquisition List by <br /> Resolution No. 2668 on May 21, 2010. It <br /> was added in an effort to clean and clear the <br /> southern boundary of Ignition Park, and to <br /> help stabilize the Rum Village neighborhood <br /> 16 <br />