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South Bend Redevelopment Commission <br />scheduled Regular Meeting - January 4, 1995 <br />6. NEW BUSEWSS (Cont.) <br />a. continued... <br />those areas that the South Bend Heritage has <br />extended itself beyond what its original <br />commitment to the area was and they have <br />started building a section of property there. <br />It's all new and well and good. But the idea <br />of uprooting the people like that and keeping <br />the people disabled in the area, that's a <br />problem I have —I really do. Even with <br />myself because we've just been there eight <br />years and already we're going to have to <br />give up and go someplace else. People <br />can't settle down. You have elderly people <br />who can't go out and buy the properties the <br />way they bought them years ago. So, I'm <br />only speaking for myself. Others might be <br />happy to sell. <br />MRS. KOLATA: I think you bring up points that <br />are not uncommon. We've heard them <br />before. I think we deal with them fairly <br />effectively. First, if this is added to the <br />acquisition list, and if you are sent a <br />purchase offer (or if you are a tenant in a <br />property that is being purchased), the <br />Commission has a couple of different things. <br />First, there is the purchase price for the <br />property. The owner of the property is sent <br />an offer based on two appraisals of the <br />property. The fair market value is offered <br />for the property and we are always willing <br />to discuss with any property owner if they <br />feel that it is not a fair offer. That's the <br />first part of buying the property. The <br />second addresses some of the issues Mr. <br />Nabaa has mentioned: It may cost you <br />EM <br />