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South Bend Redevelopment Commission <br />Special Meeting - February 24, 1998 <br />3. OLD BUSINESS (CONT.) <br />Upon a motion by Ms. Auburn, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission adopted Resolution <br />No. 1562 amending the South Bend <br />Central Development Area Development <br />Plan. Ms. Schwartz abstained. <br />Mrs. Kolata asked permission to add item 2.c. to <br />the agenda. There were no objections and item <br />2.c. was added. <br />c. Commission approval requested for <br />Contract for Purchase and Sale of <br />Property in the South Bend Central <br />Development Area. <br />Anne Bruneel stated that this contract is <br />for the property currently owned by the 1 st <br />Source Corporation, tax key #18 -3007- <br />0227, which has been added to the <br />acquisition list through Resolution <br />No. 1562. <br />She stated that there have been discussions <br />with the 1 st Source Corporation regarding <br />this property and their property that <br />surrounds that Trigon Building. An <br />agreement has been reached with the 1 st <br />Source Corporation and some of the terms <br />are as follows: a purchase price of <br />$105,000 for the property just added to the <br />acquisition list, which is an average of two <br />appraisals that were completed on the <br />property; a condition that the City will first <br />acquire the balance of the property as <br />necessary to assemble the office site; the <br />Commission will assist the 1 st Source <br />In <br />COMMISSION ADOPTED RESOLUTION NO. 1562 <br />AMENDING THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA DEVELOPMENT PLAN <br />ADDED ITEM 2. C. <br />