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South B <br />Regular <br />6. NEW <br />(4) <br />Redevelopment Commission <br />-ting — August 30, 2012 <br />SINESS (CONT.) <br />Economic Development Area <br />continued... <br />is effective indefinitely. However, if the <br />property is available for several years, staff <br />might seek new real estate appraisals on it at <br />the time anyone expresses, interest. He said <br />real estate prices havenot changed since last <br />year when the appraisals were done. <br />Mr. Varner asked if there were then any <br />statutory requirements. Mr. Inks answered <br />no. Mr. Meteiver noted that the only <br />constraint is that we wait for the 30 days <br />following the opening of the bids before <br />accepting any offers that do not meet the <br />minimum bid requirements. <br />Mr. Downes asked if there was a current <br />interest. Mr. Inks responded yes that staff is <br />in the final stages of drafting a letter of intent <br />for the lease with an option to purchase the <br />property. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Varner and unanimously; carried, the <br />Commission approvedResolution No. 3070 <br />accepting the transfer'of real property from <br />the City of South Bend. <br />COMMISSION APPROVED RESOLUTION NO. 3070 <br />ACCEPTING THE TRANSFER OF REAL PROPERTY <br />FROM THE CITY OF SOUTH BEND <br />Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED RESOLUTION No. 3073, <br />Mr. Varner and unanimously carried, the AN ESTOPPEL RESOLUTION OF THE SOUTH BEND <br />Commission approved Resolution No. 3073, REDEVELOPMENT COMMISSION (BOSCH) <br />an Estoppel resolution of the South Bend <br />Redevelopment Commission (Bosch). <br />Resolution No. 3071 authorizing the <br />Director of Redevelopment to approve and <br />execute documents on behalf of the City of <br />n <br />