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South Bend Redevelopment Commission <br />Regular Meeting -August 15, 2008 <br />6. NEW BUSINESS (CONT.) <br />E. South Side Development Area <br />There was no business in the South Side <br />Development Area. <br />F. Northeast Neighborhood Development Area <br />(1) Commission approval requested for <br />Resolution No. 2484 related to acquisition <br />of property in the Northeast <br />Neighborhood Development Area. (1113 & <br />1117 Burns) <br />Mr. Schalliol noted that 1113 and 1117 <br />Burns are vacant lots in the Phase 1 area of <br />the Triangle Neighborhood Redevelopment <br />Area. The value of these lots owned by R. <br />Glen Goodin and Michael Wankel has been <br />established as the average of two <br />independent appraisals at $11,000. <br />Resolution No. 2484 sets the offering price at <br />$11,000. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Blake and unanimously carried, the <br />Commission approved Resolution No. 2484 <br />related to acquisition of property in the <br />Northeast Neighborhood Development Area. <br />(1113 & 1117 Burns) <br />(2) Commission approval requested for <br />Resolution No. 2485 approving and <br />accepting a counter offer for the <br />acquisition of property in the NNDA. <br />(1113 & 1117 Burns) <br />Mr. Schalliol noted that Mr. Goodin and Mr. <br />Wankel, after intense negotiation, submitted <br />a counter offer in the amount of $65,000. <br />Mr. Schalliol noted that as we get closer to <br />COMMISSION APPROVED RESOLUTION NO. 2484 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />NORTHEAST NEIGHBORHOOD DEVELOPMENT <br />UREA. (1113 & 1117 BURNS <br />21 <br />