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South Bend Redevelopment Commission <br />Regular Meeting - November 4, 1994 <br />5. OLD BUSINESS (Cont.) <br />a. continued... <br />of Parcel 19 in the Studebaker Corridor <br />portion of the Sample -Ewing Development <br />Area. At that time, the Commission <br />directed the Firefighters' Credit Union to <br />negotiate with the staff to come up with a <br />revised offer that minimized the expense to <br />the City in order to develop the site. <br />Mrs. Kolata noted that, since the last <br />meeting, the staff has received two <br />proposals from Joseph E. Gorny for the <br />same site: one to purchase 33 feet of the <br />property adjacent to Mr. Gorny's property <br />for a cash price of $6,000; and the second <br />was to take title to the entire Parcel 19 in <br />exchange for property they own at 1111 S. <br />Michigan Street. The staff recommends <br />setting the Gorny's offer aside until the <br />Commission considers the counter offer <br />from the Firefighters' Federal Credit Union. <br />If the Commission cannot come to <br />agreement with the credit union it will <br />consider the Gorny offer. <br />Mrs. Kolata noted that the Firefighters' <br />Federal Credit Union has found a small <br />amount of additional money in their budget <br />and has received some revised cost estimates <br />for site preparation work and removal of the <br />basement of the old building. She asked <br />Mr. Masters to present the revised proposal. <br />Mr. Masters noted that the Firefighters' <br />Federal Credit Union is prepared to modify <br />its proposal by offering $100 for the <br />building at 815 S. Lafayette and the cost of <br />ANN <br />-4- <br />