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South Bend Redevelopment Commission <br />Regular Meeting -July 18, 2008 <br />5. OLD BUSINESS <br />A. Airport Economic Development Area <br />(1) Commission authorization requested to <br />submit Certified Technology Park <br />Technology Development Grant Fund <br />Application. <br />Mr. Inks noted that staff and Project Future <br />are still working on this application. He <br />asked that the item be tabled until the August <br />1 meeting. <br />There was no objection. Item S.A(1) was <br />tabled until the August 1, 2008 meeting. <br />(2) Commission approval requested for <br />Resolution No. 2464 approving and <br />accepting a counter offer for the <br />acquisition of property in the Airport <br />Economic Development Area. (1624 <br />Maplewood. <br />Mr. Witwer noted that the Commission <br />approved an offering price of $58,500 for the <br />property. The owners have submitted a <br />counter offer in the amount of $70,000. Staff <br />recommends accepting the counter offer. <br />Ms. Jones asked how the staff considers the <br />fact that the owners were using this property <br />for rental income. In addition to losing the <br />property, they lose the income. Mr. Witwer <br />responded that that is considered in <br />recommending acceptance of the counter <br />offer. <br />Mr. Leone noted that Resolution No. 2464 <br />approves a form of Warranty Deed as <br />attached. There are issues with the attached <br />Warranty Deed. He asked that the resolution <br />ITEM S.A(1) WAS TABLED UNTIL THE AUGUST 1, <br />2008 MEETING <br />11 <br />