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South Bend Redevelopment Commission <br />Regular Meeting -August 1, 2008 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(1) continued... <br />Mr. Varner asked if the interested parties are <br />new businesses or expanding businesses. <br />Mr. Witwer responded the business is new, <br />with the possibility of some expansion. <br />Upon a motion by Mr. Varner, seconded by <br />Mr. King and unanimously carried, the <br />Commission approved Substitute Resolution <br />No. 2479 setting the fair reuse value of land <br />in the Airport Economic Development Area. <br />(Lot 5 Ameritech Drive) <br />(2) Commission approval requested for Bid <br />Specifications and Design Considerations <br />for property located at Lot 5 Ameritech <br />Drive in the Airport Economic <br />Development Area. <br />Mr. Witwer reviewed the Bid Specifications. <br />Bids must be for the entire site. Applicants <br />are prohibited from acquiring the property <br />solely for speculative or holding purposes. <br />Proposals must meet current code and zoning <br />requirements of the A3, Mixed Use <br />designation. The Commission encourages <br />proposals for mixed use which combine <br />elements of multi-family residential, <br />commercial retail, commercial office, or <br />entertainment. The Commission will weigh <br />how a proposal will positively or negatively <br />impact existing surrounding businesses and <br />traffic. <br />Upon a motion by Mr. Varner, seconded by <br />Mr. King and unanimously carried, the <br />Commission approved the Bid Specifications <br />and Design Considerations for property <br />11 <br />COMMISSION APPROVED SUBSTITUTE <br />RESOLUTION NO. 2479 SETTING THE FAIR REUSE <br />VALUE OF LAND IN THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA. (LOT 5 AMERITECH <br />DRIVE <br />COMMISSION APPROVED THE BID <br />SPECIFICATIONS AND DESIGN CONSIDERATIONS <br />FOR PROPERTY LOCATED AT LOT 5 AMERITECH <br />DRIVE IN THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA <br />