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RM 02-19-93
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RM 02-19-93
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South Bend Redevelopment Commission <br />Regular Meeting - February 19, 1993 <br />6. NEW BUSINESS (Cont.) <br />e. continued... <br />Mrs. Kolata noted that on January 4, 1993 <br />Devlin Properties submitted a bid in the <br />amount of $88,500 for Parcel 11 in the <br />Studebaker Corridor Development Area. <br />But, because of some conditions placed on <br />the bid, it did not meet the minimum <br />offering price for the property. The <br />conditions placed on the bid were: vacation <br />of alleys, relocation of utilities, City <br />installation of new curbs and sidewalks, <br />receipt of favorable phase I environmental <br />assessment, City removal of all debris, <br />building foundations, concrete slabs, stairs <br />and residential sidewalks from the <br />property, and clearance of the site except <br />for perimeter trees. <br />We have been negotiating with the <br />principals of Devlin Properties and have <br />provided them with a copy of the Phase I <br />environmental assessment. The Common <br />Council has vacated the alleys on the <br />block. Devlin Properties has agreed to <br />assume financial responsibility for all other <br />conditions in their bid, but have revised <br />their offering price to $45,500. <br />Devlin Properties is the owner of Alcon <br />Building Products, presently located at <br />1702 S. Franklin Street. They propose to <br />construct a 42,400 square foot building to <br />be occupied by Alcon Building Products. <br />The building will contain approximately <br />4,800 square feet of office space and <br />37,600 square feet of warehouse space. <br />93 <br />
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