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RM 12-17-93
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RM 12-17-93
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South Bend Redevelopment Commission <br />Regular Meeting - October 1, 1993 <br />6. NEW BUSINESS (Cont.) <br />a. continued... <br />a place? Stay put? How much time are we <br />going to be allowed since you are going to <br />be on a fast track? What track are you <br />putting us on? <br />Ms. KOLATA: This whole project is on a fast <br />track, which means that we are going to try <br />to start sending purchase offers within the <br />next thirty days. We should be sending the <br />first purchase offers out. It depends on <br />when the appraisals come back. But once <br />we start getting the purchase offers out, we <br />will be negotiating. Once we send you a <br />purchase offer, yes, you should start <br />looking. I know some people have started <br />looking now. It doesn't hurt to look, but do <br />not move now and do not commit to buying <br />now unless you are sure that you have <br />another way of financing it, because until we <br />send you a purchase offer, we are only <br />intending to acquire your property. And <br />so, we don't want somebody to go out on a <br />limb. We intend to acquire your property, <br />but until we send you the purchase offer it <br />isn't final. It may be possible, if you found <br />some piece of property, or anyone sees a <br />house or something that they like, it may be <br />possible to get an option that doesn't cost <br />you much money and doesn't bind you <br />beyond a certain period of time, but that's <br />your own business and you should not move <br />now. <br />ms. AuBuRN: A couple of you have spoken <br />before. Let me make sure that there are no <br />other individuals that have not yet spoken <br />that would like to. <br />-26- <br />
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