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South Bend <br />Regular Mei <br />6. NEW BU <br />e. Co: <br />lopment Commisssion <br />- February 28, 1986 <br />(Cont. ) <br />Mr. Hunt pointed out on a map Parcel E2 -15 <br />aloiig Niles Avenue which was the former <br />Crescent Electric site and vacant property <br />that was once owned by Char King. This has <br />beeli put together as one parcel and is being <br />put up for bid to see what interest there may <br />be in the property. It involves approximately <br />a 54,000 square foot parcel. The minimum <br />offering price is $169,350 and the development <br />terms have been established for general <br />development. The priority for the parcel is <br />residential use although development that is <br />supportive of the overall residential concept <br />for the East Bank would be acceptable. <br />Resolution No. 771 establishes the fair re -use <br />value of the land. <br />Upoii a motion made by Mr. Piasecki, seconded <br />by Mr. Combs and unanimously carried, the <br />Co ssion approved Resolution No. 771 <br />approving the fair re -use value of land in the <br />South Bend Central Development Area. <br />f. C ssion authorization requested to publish <br />Notice of Intended Sale of Disposition Parcel <br />No. E2 -15 in the South Bend Central <br />Developmant Area with publication dates to be <br />March 7, 1986, and March 14, 1986, and receipt <br />of bids, to be at 10:00 a.m. on March 24, 1986. <br />Mr. Hunt explained that this was a request to <br />publish the Notice of Intended Sale for the <br />aboire mentioned Disposition Parcel No. E2 -15. <br />Upon a motion made by Mr. Piasecki, seconded <br />by Pir. Combs and unanimously carried, the <br />Co ssion authorized a request to publish <br />Notice of Intended Sale of Disposition Parcel <br />No. E2 -15 in the South Bend Central <br />Development Area with publication dates to be <br />March 7, 1986, and March 14, 1986, and receipt <br />of bids to be at 10:00 a.m. on March 24, 1986. <br />g. Conpission a p roval requested for a <br />Certificate of Completion for Tech Centre <br />Partnership within the South Bend Central <br />Development Area. <br />-5- <br />COMMISSION APPROVED RESOLUTION <br />NO. 771 APPROVING THE FAIR <br />RE -USE VALUE OF LAND IN THE <br />SOUTH BEND CENTRAL DEVELOPMENT <br />AREA <br />COMMISSION AUTHORIZED THE <br />PUBLICATION OF THE NOTICE OF <br />INTENDED SALE OF DISPOSITION <br />PARCEL E2 -15 IN THE SOUTH <br />BEND CENTRAL DEVELOPMENT AREA <br />