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i t' .r n l �a [1i Ld W W CL 0 0 M SOUTH BEND REDEVELOPMENT COMMISSION SPECIAL MEETING Octobe 1, 1965 10 :30 At M. Presiding Officer: Donald A. Wiggins, President ROLL CALL Present: Absent: 120 W. LaSalle Avenue South Bend, Indiana Donald A. Wiggins, President Frank G. Koczan James G. Louis, Vice President Stephen E. Kompar, Secretary Fred J Helmen, Assistant Secretary Also Ptesent: LPA Staff: sel: Mrs. Janet Allen, Common Council Member Mrs. Nancy Kavadas, Reporter, South Bend Tribune Mr. Dean Wilhelm, Trustee, Redevelopment Commission Mr. Brad Bate, WSBT -TV Mr. Bob Helems, WSBT -TV Bruce .C. Hammerschmidt W. Jan Chong, Executive Director Oliver J. Scott, Relocation Director Mrs. B. Gene Skeldon, LPA Secretary The Redevelopment Commission met in special session to further the negotiation for salE of R -7 land on the basis of reports received from the two re -use appraisers and the Chicago URA Office and on the urgent interest of United Beverage to acquire parcel Advance appraisal values for parcel 3 by Real Estate Research Corpora- tion and Mid - America Appraisal and Research Corper ation established an average re -use value of 32- 1/2� per square foot or approximately $48, 000 for all of parcel 3. United Beverage reported a -$175, 000- construction program with initial employ- ment set at twenty -five (25) persons. On the motion of Mr. Kompar and the second of Mr. ouis, the Commission voted to approve acceptance of the up- dating re -use values y Real Estate Research Corporation and Mid - America Appraisal and Resear h'Corporation, which values average 32 -J /2� per square foot for parcel 3. Following the above motion, the Commission voted to approve the motion by Mr. Helmen and the second by Mr. Louis that the Executive Director and the Commission Attorney negotiate with Mr. Heintzelman of United Beverage for his purchase of parcel 3 at a price of 32 -1 /2� per square foot with the stipulations that: (1 ) any ingress or egress necessary will be installed at the expense of the purchaser, (2) that Mr. Heintzelman would not resell any of the vacant land at a profit, and (3) that Mr. Heintzelman must conform with all Sample Street Project and HH A regulations connected with the sale of project land. The Commission approved a motion by Mr. Helmen with a second by Mr. Louis that the Executive Director and the Relocation Director and up to two (2) Redevelop- ment Commissioners be authorized to attend the Biennial NAHRO Conference in Philade phia, October 24 -27, 1965. -1-