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South Bend 4edevelopment Commission Regular Meeting - February 25, 1983 6. NEW BUSINESS (Continued) e. uonuinuea... f. of e property have indicated to us that they would be willing to accept our original off r. Upon a motion made by Mr. Robinson, seconded by Mr. Donaldson and unanimously carried, the C ssion agreed to settle the purchase of Parcel 1 -1 and part of 1 -10 in the East Bank Development Area for the original offer of $69;475.00 for an Amendment to 4esolution No. 662 authorizing the transfer of #itle to certain land in the East Bank Devel- Area to Mr. Hunt explained that the amendment changes the amount of money,we will receive from the Park Department, changing it from $546,938.20 to 486,025.68. In reviewing the resolution and reviewing the documents and the land that was going to be purchased there were errors in the original documents. There will be ap- proximately an additional $51,000.00 that we would be receiving from the Park Department within the next several months for other par- cels over there as we clean up the smaller par els on the East Raceway and transfer those titles to the Park Department. Mr. Nimtz stated that the proper motion is that Resolution No. 662 passed by the Commission on May 28, 1982 be modified and amended to sub- stitute $486,025.68 for $546,938.20 in para- graph 3 and paragraph 4 $486,025.68 for $546,938.20. upon a motion made by Mr. Donaldson, seconded by Mr. Robinson and unanimously carried, amend- ment. to Resolution No. 662 was approved. There w (4re no progress reports. 8. NEXT COMMISSION MEETING The next regularly scheduled Conudssion meeting will be heldlon Friday, March 11, 1983. -14- MOTION WAS MADE TO SETTLE THE PURCHASE OF PARCEL 1 -1 AND PART OF 1 -10 IN THE EAST BANK DEVELOPMENT AREA FOR THE ORIGINAL OFFER OF $69,475.00 MOTION WAS MADE TO APPROVE AMENDMENT TO RESOLUTION NO. 662 THERE WERE NO PROGRESS REPORTS NEXT COMMISSION MEETING