RM 02-24-84 - Laserfiche WebLink

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South Bend edevelopment Commission Regular Meeting - February 24, 1984 6. NEW BUSINESS (Cont.) a. Uontinuea... Tom Downtown Urban Renewal Area in the of $44,000 was accepted with the ons as designated by the Comnni.ssion's action requested for dedication of ve No. 2 to the City of South Mr. Hunt asked that this item be continued until the next meeting. There were no obj ctions heard. Item 6b was continued to the next meeting. c. Report on proposals received for Disposition Parcels 5 and 7 in the Monroe Sample Dev loT -tent Area. Mrs Kolata explained the Commission has received a proposal from Park Point Associates for Disposition Parcels 5 and 7 in the Monroe S le Development Area. Park Point Associates proposed the contruction of three buildings. She stated that Park Point Associates submitted a bid in the amount $9,530 for Parcel 5 and $9,065 for Parcel 7 which was approximately half the minimum bid pride primarily due to the cost involved in the demolition of Franklin School on an adjoining property. The properties were put up for bid last year and there were no bids received at that time. The chair recognized Mr. Tom Gibson representing the Holladay Corporation. Mr. Gibson explained that the Park Point project will be a combination of office, warehouse and industrial space. The first building will be approximately 30,000 square feet, the second building approximately 8,000 square feet, and the third building will be approximately 30, 00 square feet. Construction on the first building is expected to start in approximately 30- 0 days, the construction of the second building is expected to begin in the summer of 1984 and the third building is expected to begin construction the spring of 1985. Also, it was stated that demolition of Franklin Sch of will begin prior to September 1, 1984. -4- ITEM 6b CONTINUED TO NEXT MEETING