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South Bend Redevelopment Commission <br />Regular Meeting - October 1, 1993 <br />6. NEW BUSINESS (Cont.) <br />a. continued... <br />1010 S. Michigan. My question is directed <br />to you, as well as to everybody. You just <br />said that you're not trying to put everybody <br />out on a limb right now, when, in fact, we <br />are out on a limb. Does that clock start <br />ticking when we get the notification of a <br />purchase price? Does that give us a chance <br />to negotiate a price with you, or is that a <br />final thing? When does that clock stop <br />ticking, if you get into a discussion that we <br />don't agree with this price from these people <br />that have given you this information? <br />MS. KOLATA: That's a good point. If you <br />want to call it " the clock starting to tick", it <br />does start with the purchase offer being sent. <br />We ask that you respond to the purchase <br />offer within thirty days. It can be sooner <br />than thirty days, but we want to hear from <br />people within thirty days. If we are having <br />negotiations, we do not cut off the clock at <br />thirty days. As long as we are in a <br />negotiation period, we will carry that out as <br />long as we have to in order to come to some <br />conclusion. <br />MS. WIELGOS: How to you propose that they <br />go and find a house if the price isn't <br />negotiated on this? How are they supposed <br />to go out and look for a home when you <br />can't agree on a price? What are they <br />supposed to do? <br />MS. KOLATA:They will have, at least, the <br />knowledge of what our price is. They will <br />have some information on the relocation <br />benefits, I won't say its the final number on <br />la <br />