2 Minutes 11-8-12 meeting - Laserfiche WebLink

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South Bend Redevelopment Commission Regular Meeting — November 8, 2012 6. NEW BUSINESS e, . V C. South Bend Central Development Area (2) continued... Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved the Agreement for Sale of Land for Private Development with Maribeth Roncz for 502 W. Western Ave. (3) Resolution No. 3103 approving the Fair Market Value of Property in the South Bend Central Development Area. (325 -333 S. Lafayette Blvd., former Schillings Camera) Mr. Relos noted that Resolution No. 3013 sets the Fair Market Value of 325 -333 S. Lafayette Blvd. at $$277,500 or a lease rate of $3.43 per sq ft. The values were determined from the average of two independent appraisals. Upon motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved Resolution No. 3103 approving the Fair Market Value of Property in the South Bend Central Development Area. (325 -333 S. Lafayette Blvd., former Schillings Camera) (4) Approval of Bid Specifications and Design Considerations for 325 -333 S. Lafayette Blvd. Mr. Relos noted that the Bid Specifications stipulate that all offers must meet the minimum price listed on the Offering Sheet. Proposals for redevelopment may include projects that are permitted within the CBD zoning designation. All proposals must conform to the existing zoning provisions set forth for the CBD as outlined in the South Bend Zoning Ordinance Title 21 of the City of South Bend Municipal Code. Proposals for the reuse of the property must include a basic reuse plan for the site and a project timeline detailing aspects of the site redevelopment and site improvements. During the review process, emphasis will be placed on compatibility with the goals and objectives of the Coveleski Redevelopment Area as well as the Development Plan for the South Bend Central Development Area. Bidders are prohibited from the use of the property for speculation or land- holding purposes. All other provisions of the South Bend Central Development Area Development Plan must be met Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved the Bid Specifications and Design Considerations for 325 -333 S. Lafayette Blvd. (5) Authorization to publish Notice of Intended Disposition of Property with publication dates of November 16 and November 23, 2012 and receipt of bids at 9:00 a.m., December 13, 2012. (325 -333 S. Lafayette Blvd.)