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South Bend evelcpment Commission <br />Rescheduled Regular Meeting - June 27, 1990 <br />6. NEW BUSVESS (Cont.) <br />Elam« �iliOai -KL OR <br />currently being appraised and we expect <br />wi 1 be added to the acquisition list at <br />a later time. So, that is the reason. <br />It is not because of the condition of <br />their building or the use, but because <br />of the way this building is situated, <br />su#ounded by vacant land. <br />Mr Nimtz: George, when was this <br />b lding erected, 1986? <br />Mr. Herendeen: 1987. We've been in <br />there two and a half years. The site <br />se ection was made in 1986, really. We <br />bought, the land in 1987. I think we <br />closed it in 187. We bought it from <br />DONOHO: How big a piece of land is <br />Mrj Herendeen: 80' front, 250' deep. <br />Th�ee quarters of an acre, rounded. <br />. Kolata: It's 20,000 square feet. <br />t under one half an acre. <br />Mr Nimtz: George, let me say this: We <br />want to be good administrators and <br />ne ghbors, too. I hope that we can work <br />s thing out to the satisfaction of <br />all concerned. I make no promises at <br />s time, but I think the Commission <br />has the reputation of being level <br />h ded. We'll consider the Policemen's <br />Cr 't Union's request. I don't know <br />t the Commission will do, but I <br />asc.ure you we'll not be roughshod and <br />no consider your wishes in location. <br />Mr Herendeen: I would only close by <br />to ling you also that a number of the <br />of the board of directors of <br />Po icemen's Federal Credit Union are <br />h as well as its chief operating <br />of icer. I don't know if they want to <br />ad4 anything. <br />-10- <br />