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South Ben M Redevelopment Commission <br />Regular eting — August 30, 2012 <br />6. NEW PUSINESS (CONT.) <br />B. Ai port Economic Development Area <br />(2 continued... <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved the proposal from <br />Hull & Associates, Inc. in the not -to- exceed <br />amount of $45,000 covering expenses for the <br />remainder of 2012 and into 2013. <br />Resolution No. 3070 accepting the transfer <br />of real property from the City of South <br />Bend. <br />Mr. Inks noted that Resolution No. 3070, <br />transfers the Bosch site from the City of <br />South Bend to the Redevelopment <br />Commission. The Commission has been <br />working with this property since the project's <br />origins and last year went through the <br />disposition process, getting appraisals, <br />setting an offering price and putting the <br />property up for bid. No bids were received at <br />the designated date nor for thirty days <br />thereafter. <br />Mr. Inks also introduced Resolution No. <br />3073 related to Resolution No. 3070. <br />Resolution No. 3073 recognizes the acts the <br />Commission has already taken to go through <br />the disposition process and puts the <br />Commission in a position to negotiate a <br />transaction for the lease or sale of that <br />property. <br />Mr. Varner asked whether the disposition <br />process stands indefinitely, or needs to be <br />renewed annually. Mr. Inks responded that it <br />5 <br />COMMISSION APPROVED PROPOSAL FROM HULL <br />& ASSOCIATES, INC. IN THE NOT -TO- EXCEED <br />AMOUNT OF $45,000 FOR THE REMAINDER OF <br />2012 AND 2013 COVERING EXPENSES FOR THE <br />REMAINDER OF 2012 AND INTO 2013. <br />