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South Bend <br />Regular Mee <br />6. NEW BUS <br />c. Con <br />elopment Commission <br />- February 24, 1984 <br />(Cont.) <br />Mr. Piasecki made the motion to adjust the <br />offering price as reflected in the proposal <br />for Parcels 5 and 7 in the Monroe Sample <br />Development Area. The motion was seconded by <br />Mr. Donaldson and unanimously carried. <br />The motion was made by Mr. Piasecki, seconded <br />by Dir. Donaldson and unanimously carried, to <br />accept the proposal from Park Point Associates <br />for Parcels 5 and 7 in the Monroe Sample <br />Dev lorxment Area with the timetable as <br />outlined above. <br />d. CounLission. approval requested for Resolution <br />No. 697 relating to acquisition of property by <br />con emnation in the Monroe Sample Development <br />Area.. <br />Mr. Hunt explained that the parcel in question <br />is Earcel 4 -2 immediately to the east of Max's <br />Grocery. The offer to purchase was sent out <br />to the owner several months ago. No response <br />has been received to that offer. Mr. Hunt <br />stated that the property would be used to help <br />mar et, develop and re -use Max's Grocery. The <br />acquisition price is $392.50 and the staff is <br />requesting authorization from the Commission <br />for the Executive Director to move with the <br />pror4edures for condemnation should we not be <br />abl to reach an agreement with the current <br />e. <br />Upon a motion made by Mr. Donaldson, seconded <br />by Ms. Auburn and unanimously carried, <br />Resolution No. 697 relating to acquisition of <br />property by condemnation in the Monroe Sample <br />Development Area. <br />Q <br />tax <br />1 re <br />an a <br />for Resolution <br />for real <br />Mr. Hunt explained that under the new tax <br />abatmvant ordinance the Commission does not <br />have to take official action except when the <br />building is located in a Tax Increment <br />Financing area. Then it is required that the <br />Co ssion take official action on the <br />appr wing or disapproving of a tax abatement <br />in a TIF area. <br />-5- <br />MOTION WAS MADE TO ADJUST <br />THE OFFERING "PRICE: AS RE -. <br />ELECTED IN THE`. PROPOSAL <br />FOR PARCELS 5 AND 7 IN THE <br />MONROE SAMPLE DEVELOPMENT <br />AREA <br />MOTION WAS MADE TO ACCEPT <br />THE PROPOSAL FROM PARK POINT <br />ASSOCIATES FOR PARCELS 5 AND <br />7 IN THE MONROE SAMPLE <br />DEVELOPMENT AREA WITH THE <br />TIMETABLE AS OUTLINED <br />RESOLUTION NO. 697 RELATING <br />TO ACQUISITION OF PROPERTY <br />BY CONDEMNATION IN THE MONROE <br />SAMPLE DEVELOPMENT AREA <br />WAS APPROVED <br />