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South Bend Redevelopment Commission <br />Regular Meeting -February 29, 2008 <br />6. NEW BUSINESS (CONT.) <br />C. West Washington-Chapin Development Area <br />There was no business in the West Washington- <br />Chapin Development Area. <br />D. South Side Development Area <br />There was no business in the South Side <br />Development Area. <br />E. Northeast Neighborhood Development Area <br />(1) Commission ratification requested for <br />proposal for professional services in the <br />Northeast Neighborhood Development <br />Area. (Disposition appraisal for Eddy <br />Street Commons parking garage) <br />Mr. Inks noted that at the February 15 <br />meeting he had only been able to obtain one <br />proposal for appraisal of the proposed <br />parking garage for the Eddy Street Commons <br />area. We are required to have two appraisals <br />for disposition of property. Mr. Inks was <br />authorized to accept a proposal if he could <br />obtain one for under $6,000. Mr. Inks was <br />able to obtain one more proposal from <br />Bonnie Mitchell in Indianapolis in the <br />amount of $5,500, the same amount as was <br />approved for the Rick E. Pitts proposal. She <br />can complete the appraisal by April 1. Staff <br />recommends ratification. <br />Mr. Peczkowski asked how many local <br />appraisers are in the pool we use. Mr. Inks <br />responded that staff contacted four MAI <br />appraisers locally. Only Rick Pitts was <br />available to do the work. <br />