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South Bend Redevelopment Commission <br />Regular Meeting -June 6, 2008 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(3) continued... <br />hearing for 10:00 a.m., Wednesday, <br />June 25, 2008 on Resolution No. 2456. <br />Mr. Witwer noted that Resolution No. 2456 <br />will amend the Airport Economic <br />Development Area Development Plan by <br />adding properties to the plan's List of <br />Properties to be Acquired and by expanding <br />the boundaries of the Airport Economic <br />Development Area to include the area of <br />Portage Prairie on the north side. <br />Upon a motion by Dr. Varner, seconded by <br />Mr. Blake and unanimously carried the <br />Commission accepted for filing Resolution <br />No. 2456 and set a public hearing for 10:00 <br />a. m., Wednesday, June 25, 2008 on <br />Resolution No. 2456. <br />(4) Commission approval requested to sign <br />acknowledgement of rights related to <br />value of the Stamping Plant property and <br />agreeing to accept the sum of $4,235,800 <br />from Transpo for the sale of the Stamping <br />Plant Property. <br />Ms. Kolata noted that the Commission has <br />previously entered into agreements with <br />Transpo to sell the property and the agreed <br />upon price was $4,235,800. When Transpo <br />had the property appraised, it appraised at <br />$4,500,000. According to federal law, the <br />Commission needs to acknowledge that you <br />know the appraisal is $4,500,000 , that you <br />agree to the lesser amount, and that you <br />waive your right to the additional amount of <br />COMMISSION ACCEPTED FOR FILING <br />RESOLUTION No. 2456 AND sET A PusLlc <br />HEARING FOR 10:00 A.M., WEDNESDAY, <br />JUNE 25, 2008 oN RESOLUTION No. 2456 <br />16 <br />