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South Bend <br />Regular Me <br />6. NEW <br />c. ca <br />elognelt Ccnmission <br />- August 9, 1991 <br />(Cont.) <br />set the re -use valuation, which would be <br />the m;nir n bid price for the property. <br />The resolution sets it at $65,000, which <br />is based on two re -use appraisals done of <br />the property. The appraisals were dace <br />witi a ndninurn requirement of 10,000 <br />square feet of office space being <br />p ed for construction or a mini=m of <br />8,0)0 square feet of retail, restaurant <br />or service space. Each proposal must be <br />for one structure, at least two stories <br />high, zero setback, and must include a <br />pla,,l for on -site and off -site parking. <br />In pddition, since our costs for <br />acq.iiring and demolishing the Colfax <br />Theitre will be substantially more than <br />$65,000, we intend to put into the bid <br />pa et that the Commission will look <br />fa rably upon any bid that is higher <br />$65,000. <br />a motion by Mr. Donoho, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Cannission approved Resolution No. 1011, <br />appmving the fair re-use value of <br />property in the South Bend Central <br />bev�lo=-ent Area (213 W. Colfax Ave.) <br />a motion by Mr. Donoho, seconded by <br />Mr. Faccenda and unanimously carried, the <br />Cannission approved the request to <br />pub ish Notice of Intended Sale of <br />Propexty located at 213 W. Colfax Ave. in <br />the South Bend Central Development Area <br />wit,i publication dates to be August 23, <br />199L and August 30, 1991 and receipt of <br />bidg to be at 10:00 a.m. an September 13, <br />19 <br />TV <br />COMMISSION APPROVED RESOLUTION <br />NO. 1011, APPROVING THE FAIR <br />RE -USE VALUE OF PROPERTY IN THE <br />SOUTH BEND CENTRAL DEVELOPMENT <br />AREA (213 W. COLFAX AVE.) <br />C AAISSION APPROVED THE REQUEST <br />TO PUBLIC NOTICE OF INTENDED SALE <br />OF PROPERTY AT 213 W. COLFAX AVE. <br />