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South Bend Redevelopment Commission <br /> Regular Meeting—October 11, 2012 <br /> 6. NEW BUSINESS <br /> A. South Bend Central Development Area <br /> (4) continued... <br /> Ultimately it comes back to the Commission to decide how to <br /> proceed with the property. <br /> B. Airport Economic Development Area <br /> (1) Resolution No. 3097 approving the fair market value of <br /> property in the Airport Economic Development Area (24505 <br /> Cleveland Road) <br /> Mr. Schalliol noted that Resolution No. 3097 sets the minimum <br /> offering price for 24505 Cleveland Road at $275,000. The <br /> property is presently zoned LI-Light Industrial. We would seek a <br /> development that would meet that requirement. The property is <br /> located just to the west of the Nimtz Parkway interchange with the <br /> Bypass. The property abuts the Deluxe Sheet Metal property. <br /> Upon a motion by Mr. Downes, seconded by Mr. Varner and <br /> unanimously carried, the commission approved Resolution No. <br /> 3097 approving the fair market value of property in the Airport <br /> Economic Development Area (24505 Cleveland Road) <br /> (2) Bid Specifications and Design Considerations for 24505 <br /> Cleveland Road <br /> Mr. Schalliol noted that the Bid Specifications and Design <br /> Considerations for 24505 Cleveland Road include that offers must <br /> meet the minimum offering price and must include a basic reuse <br /> plan detailing aspects of the site redevelopment and the site <br /> improvements. Those plans must conform to objectives of the <br /> Development Plan for the Airport Economic Development Area, <br /> and bidders are prohibited from the use of the property for <br /> speculation or land-holding purposes. <br /> Upon a motion by Mr. Downes, seconded by Mr. Varner and <br /> unanimously carried, the Commission approved the Bid <br /> Specifications and Design Considerations for 24505 Cleveland <br /> Road. <br />