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South Bend Redevelopment Commission <br /> Regular Meeting—October 11, 2012 <br /> 6. NEW BUSINESS (CONT.) <br /> B. Airport Economic Development Area <br /> (3) Authorization to publish Notice of Intended Disposition of <br /> Property with publication dates of October 19 and October 26, <br /> 2012 and Receipt of Bids at 9:00 a.m., November 8, 2012. <br /> (24505 Cleveland Road) <br /> Upon a motion by Mr. Downes, seconded by Mr. Varner and <br /> unanimously carried, the Commission authorized publication of the <br /> Notice of Intended Disposition of Property with publication dates <br /> of October 19 and October 26, 2012 and Receipt of Bids at 9:00 <br /> a.m., November 8, 2012. (24505 Cleveland Road) <br /> (4) Resolution No. 3096 approving the fair market value of <br /> property in the Airport Economic Development Area. (2018- <br /> 2020 S. Main Street, former EMI site) <br /> Mr. Schalliol noted that Resolution No. 3096 sets the minimum <br /> offering price for the former EMI site at $57,350. The site is a <br /> vacant lot consisting of three parcels along Main Street. The <br /> Commission accepted the property from St. Joseph County by <br /> donation two years ago and demolished the building. <br /> Consequently, there were demolition costs, but no acquisition <br /> costs. <br /> Upon a motion by Mr. Downes, seconded by Mr. Alford and <br /> unanimously carried, the Commission approved Resolution <br /> No. 3096 approving the fair market value of property in the Airport <br /> Economic Development Area. (2018-2020 S. Main Street, former <br /> EMI site) <br /> (5) Bid Specifications and Design Considerations for 2018-2020 S. <br /> Main Street <br /> Mr. Schalliol noted that the Bid Specifications and Design <br /> Considerations include that offers must meet the minimum offering <br /> price and must include a basic reuse plan detailing aspects of the <br /> site redevelopment and the site improvements. That plan must <br /> conform to objectives of the Development Plan for the Airport <br /> Economic Development Area, should conform to the existing GI- <br /> General Industrial zoning classification, and bidders are prohibited <br /> from the use of the property for speculation or land-holding <br /> purposes. <br />