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South Bend Redevelopment Commission <br />Special Meeting - November 12, 1991 <br />4. COMMUNIIATIONS <br />5 <br />There wore no communications. <br />a. <br />Mrs Kolata explained that Resolution <br />No. 1027 sets the fair market value of <br />nine properties and authorizes the staff <br />to send purchase offers. If agreement <br />cannot be reached within 30 days, the <br />staff is authorized to proceed with <br />acquisition by eminent domain. <br />Mrsl Kolata noted that the properties <br />include the Glo Worm, My Brother's Place, <br />Barb & Joe's Tavern, North American Signs <br />building, a lot owned by Western Avenue <br />Iron and Metal, the Southern Hotel, the <br />Borden's building, and a lot next to the <br />Borden's building. <br />Upon a motion by Mr. Doncho, seconded by <br />Mr. Combs and unanimously carried, the <br />Commission approved Resolution No. 1027 <br />rel ted to the acquisition of property in <br />the Studebaker Corridor Development Area <br />by minent Domain. <br />a. xeC 1 t or Alas zor rarcels WDo-17 <br />W58-20, W58 -26 W58 -27 W58 -28 W58 -29 <br />W58-30, W58 -31 W58 -32 W58 -33 W58 -34 <br />W58-35, W58 -36 W58 -37 W58 -38 W58 -42 <br />W6411, W64 -2 W64 -3 W64 -4 W64 -5 W64- <br />W64 7 W64 -8 W64 -9 W64 -10 W64 -11 <br />W64 12 W64 -13 in the West <br />Was inaton- Chapin Development Area. <br />Mrs Kolata noted that one bid was <br />received as of 10:00 a.m. That bid is <br />from South Bend Heritage Foundation for a <br />price of $64,750 for the 4.288 acres <br />contained in the 1200 block of West <br />Was ington. The minimum bid price for <br />the property was $64,750. They have <br />-2- <br />THERE WERE NO COMMUNICATIONS <br />COMMISSION APPROVED RESOLUTION <br />NO. 1027 RELATED TO ACQUISITION <br />OF PROPERTY IN THE STUDEBAKER <br />CORRIDOR DEVELOPMENT AREA BY <br />EMINENT DOMAIN <br />