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II. <br />min <br />and <br />acc <br />res <br />to <br />eas <br />a rZ <br />III. <br />RESOLUTION NO. 52 - Continued <br />IEREAS, the South Bend Redevelopment Commission has deter - <br />I that Model Coverall, Inc. possesses the qualifications <br />'inancial resources to acquire and develop the land in <br />-dance with the Urban Renewal Plan, <br />3EREFORE, the South Bend Redevelopment Commission hereby <br />Lves to accept the offer of Model Coverall Service, Inc. <br />squire and redevelop an area of 80' x 170' in the South - <br />corner of the North part of Disposition Parcel No. 1 at <br />Lce of 23.74 per square foot. <br />DETERMINATION OF POLICY ON REAL ESTATE COMMISSIONS FOR <br />INDUSTRIAL LAND SALES <br />The Commission was informed by Mr. Sucher that, upon recommen- <br />dation of the Committee of 100, he contacted Mr. J. J. Harring- <br />ton, Industrial Realtor, in Chicago, and Mr. Harrington stated <br />he uould work on disposal of real estate in the Sample Street <br />Project Area Indiana R -7 at a rate of 6/ for the first $50,000 <br />and 5/ - over. The South Bend Board of Realtors will be con- <br />tacted to see if local realtors are willing to work on the <br />same basis. The Commission asked the staff to find our whether <br />URA would approve the cost of a half -page ad in the "Industrial <br />Property Guide" of the S.I.R. <br />Meeting adjourned 11 :35 a.m. <br />G. <br />r <br />t <br />Fred . H men, Secretary <br />-3- <br />