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South Bend Redevelopment Commission <br />Regular Meeting - April 7, 1995 <br />C. Staff report on disposition of property in <br />the Sample -Ewing Development Area. <br />Mrs. Kolata noted that the staff has received <br />two proposals for the site of the former <br />Transwestem Building. She read the staff <br />report on the proposal from Design <br />Packaging. <br />On January 28, 1994 the Redevelopment <br />Commission sent a purchase offer in the <br />amount of $275,000 for the property at 600 <br />North Niles Avenue that is owned by Design <br />Packaging, Inc. This property includes a <br />22,641 s.f. building on a site of 65,340 s.f.. <br />Over the last year the staff has had <br />numerous discussions with Mr. Jack Smith, <br />the owner of Design Packaging, concerning <br />the purchase offer and future location for <br />Design Packaging. <br />On March 17, 1995 Design Packaging, Inc. <br />submitted an offer to purchase Disposition <br />Parcel Number One in the Studebaker <br />Corridor at a purchase price of $55,000. <br />Disposition Parcel Number One contains <br />131,678 s.f. (approximately 3 acres) and had <br />a minimum offering price of $85,563. <br />According to the proposal, Design <br />Packaging would construct a 42,000 s.f. <br />building to house the office, production and <br />warehouse of Design Packaging, Inc. <br />Additionally, the site plan would allow for a <br />second building of approximately 20,000 s.f. <br />to be built at a later date on the southern <br />part of the site. The building would be <br />constructed using a pre- engineered metal <br />building and will have the front office area <br />6. NEW BUSEWSS (Cont.) <br />-7- <br />