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South Bend Redevelopment Commission <br />Regular eeting — August 16, 2012 <br />6. NEV�J BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />4) continued... <br />Mr. Relos noted that on May 21, 2010, the <br />Commission approved Confirming <br />Resolution No. 2668, which added various <br />properties to the acquisition list of the <br />Airport Economic Development Area. Three <br />of these properties are expected to be up for <br />sale at the St. Joseph County September 2012 <br />tax sale. Staff believes purchasing these <br />properties from the tax sale will cost less <br />than through the normal acquisition process. <br />Of these three properties, two are vacant lots <br />and one has been improved with a one story, <br />three bedroom house. The improved <br />property,has been appraised, and on <br />January 24, 2012, the Commission approved <br />Resolution No. 2996, setting the acquisition <br />offering value at $23,500. <br />The two vacant lots have just recently been <br />appraised with a combined value of $3,775. <br />Since these properties are already on the <br />Area's acquisition list, staff requests <br />approval of Resolution No. 3062, to take the <br />necessary steps to register and bid on these <br />parcels, for a not -to- exceed total of $30,100. <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved Resolution No. 3062 <br />related to acquisition of property through the <br />St. Joseph County Tax Sale in the not -to- <br />exceed amount of $30,100 (1510 S. Taylor, <br />1526 Prairie and vacant lot on S. Scott). <br />19 <br />COMMISSION APPROVED RESOLUTION NO. 3062 <br />RELATED TO ACQUISITION OF PROPERTY <br />THROUGH THE ST. JOSEPH COUNTY TAX SALE IN <br />THE NOT-TO-EXCEED AMOUNT OF $30,100 (15 10 <br />S. TAYLOR, 1526 PRAIRIE AND VACANT LOT ON <br />S. SCOTT). <br />