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South Bend Redevelopment Commission <br />Regular Meeting - Thursday, November 14, 2013 <br />3. APPROVAL OF CLAIMS (CONT.) <br />430 FUND SOUTH SIDE DEVELOPMENT TIF AREA #1 <br />DLZ <br />.............................--......................................................_............................._......................................--. _._............................ <br />Horvath Family 2010 Revocable Trust <br />1,640.00 <br />-- .........._- ......_.......__- <br />510.00 <br />Bowen St. Sidewalk RW <br />.................... _._ .... __ ................... _ ....... _ ..... - -- ... _- ....... - - -- -- <br />Purchase right -of -way <br />Christopher J Worm and Ashley N. Worm <br />650.00 <br />Purchase right -of -way <br />South Bend Parks & Recreation Dept. _ <br />........................................................ .............._................ _....................... <br />Reith-Riley Construction <br />45.00 <br />_— _..._.... <br />569,550.41 <br />Centralized Mowing <br />— -. ....... ....I .............. ....._ <br />Main St./Lafayette <br />Michelle M Swain <br />1,425.00 <br />Purchase right -of -way <br />Matthew J Dyer <br />300.00 <br />Purchase right -of -way <br />Horvath Family 2010 Revocable Trust <br />_ .... _ ...... -- ........................ _...__ .......... --._................._ ............... _._ ............. __ _ ..... _.......... <br />200.00 <br />—_._ ....... _._................................... <br />944,749.25 <br />Purchase right -of -way <br />.._ ......... _ ..- ............ _.... ............ _... <br />Upon a motion by Ms. Schey, seconded by Mr. Varner and unanimously carried, the Commission <br />approved the Claims submitted Thursday, November 14, 2013. <br />4. COMMUNICATIONS <br />There were no Communications. <br />5. OLD BUSINESS <br />There was no Old Business. <br />6. NEW BUSINESS <br />A. South Bend Central Development Area <br />(1) Agreement for Sale of Land for Private Development and Development Plan <br />(228 Sycamore) <br />Mr. Relos noted that this property was recently taken through the disposition process, with <br />no bids being received by the September 12, 2013 deadline. The lot is 53' x 99' and is <br />currently a paved parking lot. Average appraised value is $33,500. Staff has since received <br />two offers, one for $5,000 supporting no further development, and the one that follows. <br />East Bank South Bend Development, LLC (David Matthews), plans a $2.5 million, five <br />story mixed use building on lot 9 of the current East Bank Townhomes site. Mr. Matthews <br />plans first floor commercial with the upper four floors housing 12 apartments; each floor <br />having a one, two, and three bedroom unit. The Sycamore lot will provide parking for this <br />new, larger development. <br />Mr. Matthews will improve the Sycamore parking lot per the Agreement for Sale. Details of <br />the Agreement are: <br />3 <br />