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South Bend Redevelopment Commission <br />scheduled Regular Meeting - January 4, 1995 <br />6. NEW BUSINESS (Cont.) <br />a. continued... <br />MRS. KoLATA: That we would start sending <br />purchase offers and then proceed with them <br />in a steady pace. <br />(Someone): You say you'd be sending them <br />out as soon as two weeks. What does that <br />mean as to exactly acquiring the property? <br />Is it going to be six months, nine months? <br />MRS. KOLATA: After the Commission <br />authorizes the purchase offer (They pass a <br />resolution that sets the offering price. <br />That's based on appraisals.), we would <br />send an offer. That offer is pretty long. It <br />spells out all your legal rights and basically <br />says we offer you "X" dollars for your <br />property and you have thirty days to respond <br />to this offer. If you don't respond or if we <br />can't reach agreement within thirty days, we <br />have the right to go to court to take the <br />property by eminent domain. <br />In reality, what happens is that we send the <br />offer, we hope that we will hear back from <br />you, either in writing or by phone. If we <br />don't hear from you within a couple of <br />weeks, we call you, asking if you have <br />received the offer and if you are planning on <br />accepting. We'll be glad to meet with <br />anyone on an individual basis, but when you <br />get an offer, you have three options: you <br />can accept it, you can reject it, or you can <br />send us a counter offer. The Commission <br />will consider counter offers, but they have <br />to be based on some logic. The <br />Commission's original purchase offer is <br />�� -10- <br />