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7. PROGRESS REPORTS, Continued - <br />- I <br />Ms. Derbeck: Then the next step would be to - after you have set a price - <br />to o and offer.. <br />Mr. Brownell: I can't answer that at this moment Jeanne, again you are <br />in he legal side where I have to ask the attorneys when we can proceed. <br />Mr. <br />Ms. <br />Butler: That would be the next step. <br />Derbeck: Supposing there is no stay in effect? <br />Mr. Butler: Well, that is the next step in the process, I guess we are <br />goi g to have to decide when we get to that point whether we are going <br />to roceed to negotiate. <br />Ms. Derbeck: By April of 1979 - you have to own the property, you don't <br />hav to have the buildings demolished then? <br />Mr.lBrownell: ..and submit it for bids. <br />Ms. Derbeck: But you do not have to have it torn down? You have not de- <br />cid d yet I suppose - if there is no stay on the action - but the appeal <br />is rroceeding, I suppose then you would go ahead with pricing but would <br />you go ahead with purchases? <br />Mr. Butler: That is what we have not yet answered - or decided. <br />Ms. Derbeck: Do you have a rough estimate of what the appraisals will <br />cos ..the amount you will have to pay, the appraisers' fees that would be <br />lost if.. <br />Mr. Brownell: There's $12,000 in fees for each of the two appraisers, S.M. <br />Dix contract is for $10,000 and we will have to pay the reviewing appraiser <br />also. <br />Ms. Derbeck: That's already $34,000 plus the reviewing appraiser. <br />Mr. Brownell: The reviewing appraiser will be paid in the neighborhood of <br />$100 per parcel, that would be about $2,000. <br />Ms. Derbeck: Then we are talking about over $35,000 in appraisers' fees <br />that would be down the tubes if... <br />Mr. Brownell: I suppose that would be true in one sense, however we would <br />use those same appraisals for the new resolution. <br />Ms. Derbeck: When are you going ;:to have that new resolution? <br />Mr. Brownell: Whenever we have to. <br />Mr. Derbeck: You don't think we need it now? <br />Mr. iggins: In effect, what he is saying is that if this project fails <br />and another project comes along, we have the whole thing to do over again. <br />We are not about to give up on South Bend, are you? <br />mm <br />