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South Bend Redevelopment Commission <br /> Regular Meeting—September 13, 2012 <br /> 6. NEW BUSINESS (CONT.) <br /> A. Receipt of Bids <br /> (1) continued... <br /> There was one envelope received related to <br /> 402 S. Lafayette Blvd. Ms. Phipps opened <br /> the envelope containing the following letter: <br /> Dear Members of the Redevelopment <br /> Commission: <br /> Wightman Petrie would like to express our <br /> interest in the property located at 402 S. <br /> Lafayette Blvd., South Bend, Indiana, that <br /> was advertised for potential bids due at <br /> 9:30 a.m., September 13, 2012. <br /> Unfortunately, at this time we cannot submit <br /> a bid that would meet the minimum required <br /> bid of$82,500. It is our feeling that the <br /> advertised minimum bid amount exceeds the <br /> true value of the vacant property located at <br /> 402 S. Lafayette Blvd. <br /> As you maybe aware, our offices are <br /> currently located at 412 S. Lafayette Blvd. <br /> adjacent to the subject property to the south. <br /> We have in the past expressed interest in <br /> utilizing the vacant parcel for future <br /> expansion of our current operations, as well <br /> as moving our main entrance to the north <br /> side of our building. It would be our <br /> intention that our proposed improvements <br /> would go hand-in-hand with the <br /> improvements that have already taken place <br /> across Western Avenue at Coveleski Stadium <br /> thus incorporating the look and feel of the <br /> Cove Park redevelopment area. <br /> Our firm has had positive past experience <br /> with the Commission in the purchase of our <br /> 5 <br />