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South Bend edevelopment Commission <br />Reschedule egular Meeting - June 5, 1992 <br />6. NEW BUSS NESS (Cont.) <br />c. continued... <br />Cm <br />Bui ding. Part of the agreement in <br />tak'ng it back is to offer it again for <br />sal B. We have had an update on the <br />appraisals and Resolution No. 1068 sets <br />the minimum offering price at $32,600. <br />The proposed re -use is either <br />office /retail on the first floor and <br />res'dential or office on the second <br />flo r. <br />Upoa a motion by Mr. Donoho, seconded by <br />Ms. Huddleston and unanimously carried, <br />the Commission approved Resolution No. <br />1063 approving the fair re -use value of <br />pro erty in the South Bend Central <br />Dev lopment Area. (Parcel M4 -1, 402 -404 <br />E. �outh Street) <br />(Parcel <br />M4 -�, 402 -404 E. South Street) <br />upon a motion by Ms. Huddleston, seconded <br />by Mr. Piasecki and unanimously carried, <br />the Commission authorized publication of <br />the Notice of Intended Sale of Property <br />in the South Bend Central Development <br />Area with publication dates to be June 12 <br />and June 19, 1992 and receipt of bids to <br />be at 10:00 a.m. on July 10, 1992. <br />(Parcel M4 -1, 402 -404 E. South Street) <br />e. c:om <br />pro <br />in <br />Are <br />Mrs <br />rec <br />lot <br />bid <br />$50 <br />per <br />. Kolata explained that we have <br />Rived proposals for mowing sixteen <br />a in Monroe Park. C.C. Phillips, Inc. <br />$20 /lot; Code Enforcement bid <br />.00 /lot.; and Rey Hernandez bid $240 <br />mowing or approximately $15 /lot. The <br />-5- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1068 APPROVING THE FAIR <br />RE -USE VALUE OF PROPERTY IN THE <br />SOUTH BEND CENTRAL DEVELOPMENT <br />AREA (PARCEL M4 -1, 402 -404 E. <br />SOUTH STREET) <br />COMMISSION AUTHORIZED PUBLICATION <br />OF THE NOTICE OF INTENDED SALE OF <br />PROPERTY IN THE SOUTH BEND <br />CENTRAL DEVELOPMENT AREA WITH <br />PUBLICATION DATES TO BE JUNE 12 <br />AND JUNE 19, 1992 AND RECEIPT OF <br />BIDS TO BE AT 10:00 A.M. ON JULY <br />10, 1992 (PARCEL M4 -1, 402 -404 E. <br />SOUTH STREET) <br />