Laserfiche WebLink
South Bend edevelopment Commission <br />Regular Mee ing - March 26, 1982 <br />4. COMMUNISATIONS (continued) <br />March 4, 1982 <br />Ann Ko1 to <br />Deputy Director <br />South Bend Department of Redevelopment <br />1200 County-City Building <br />South Bend, IN 46601 <br />RE: La d Acquisition offer for <br />pa Gels 16 -18, 16 -22 and 16 -24 <br />Dear Msl Kolata: <br />I hereb reject the City's offer to purchase, dated Febru- <br />ary 25, 1982, in the amount of $175,500.00. <br />However. I hereby offer to sell to the City of South Bend <br />for its Department of Redevelopment, the real property <br />describ d in Attachment "A ", for a purchase price of <br />$466,96 .00, subject to an existing Option to Purchase <br />granted to New Energy Corporation. <br />Also su ject to execution of mutually acceptable Contract <br />of Sale <br />Sincerely yours, <br />S/ <br />Homer W. Fitterling <br />Mrs Schwartz commented that the initial offer was <br />pur want to the requirement which limits the amount <br />of he initial offer to the average of the two ap- <br />pra'sals on the property and this rejection and <br />cou teroffer is the appropriate next step to take. <br />Lat r on in the agenda we will hear a resolution <br />tha relates to this item. <br />5. OLD BUSllNESS <br />a. uom <br />of <br />Mon <br />Mr. <br />the <br />ission authorization requested to <br />ntended Sale of Disposition Parce <br />oe- Sample Development Area. <br />ublish Notice <br />No. 15 in the <br />McMahon requested that this item be tabled until <br />next meeting. <br />C: <br />LETTER FROM HOMER W. <br />FITTERLING WAS RECEIVED <br />AND PLACED ON FILE <br />(RE: LAND ACQUISITION <br />OFFER FOR PARCELS 16 -18, <br />16 -22 and 16 -24) <br />