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(D - k- �7• - <br />SouTx ae <br />04 q �r �Ir�p, do <br />Department of <br />Community Investment <br />r �- <br />1865 <br />Memorandum <br />May 30, 2013 <br />TO: Redevelopment Commission <br />FROM: David Relos, Economic Resources Associate' <br />SUBJECT: Res. No. 3142 — Acquisition Offer for 1505 S. Kendall <br />This Memorandum is for the acquisition of 1505 S. Kendall. This property was added to <br />the Airport Economic Development Area's Acquisition List by Resolution No. 2668 on <br />May 21, 2010. It was added in an effort to clean and clear the southern boundary of <br />Ignition Park, and to help stabilize the Rum Village neighborhood to the south. <br />This is a commercial property that contains 2 lots and a building. The property owner <br />would like to participate in the goals of the Commission to clean and clear this area. <br />Resolution No. 3142 sets the acquisition value of the property at $26,250. The <br />acquisition value is the average value as determined by two independent appraisals. <br />Staff requests approval of Resolution No. 3142, to allow the acquisition of this property <br />to proceed. <br />227 W. JEFFERSON BLVD. SOUTH BEND, IN 46601 1 P: 574- 235 -9371 1 FAX: 574 - 235.9021 1 SOUTHBENDIN.GOV <br />