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South Bend Rcdc~~clopmcnt Conunission <br />Re~~ular Vlectin~-October 3. ?008 <br />6. ~E«' BGSINESS (COPT.) <br />C. Airport Economic Development Arca <br />(S) continued... <br />discrepancy betw~ecn the offering price and <br />Nie counter offa~ for the 1 1 13 Grace St. <br />property. Mr. Wit~~~cr responded that the <br />appraised value of I 1 13 Ford St. was closer <br />to its assessed value. 1 1 13 [~ord had a lot of <br />interior problems that made the house <br />unlivable. The 1 l l ~ Grace St property ~~-°as <br />in livable condition. Their initial counter <br />offer was considerably higher. The $37,900 <br />price «~as negotiated dow^ ti-om the original <br />counter. <br />Upon a motion by Mr. Dora ncs, seconded by <br />Mr. Blake and unanimously carried. the <br />Commission approved Resolution ti~o. ?5l? <br />approving and accepting a counter oftcr for <br />the acquisition of property in the AEDA. <br />(1 113 Grace St. ) <br />U. West Washington-Chapin Development Arca <br />There was no business in the West Washin~zton- <br />Chapin Development Area. <br />E. South Side Development Arca <br />There was no business in the South Sidc <br />Dcvek~pment Area. <br />F. Northeast Neighborhood Development Arca <br />Tha~e was no business in the ~~ortheast <br />Neighborhood De~~clopmcnt Arca. <br />Co~twissio~ ,a i>rizo~in RFSOUrio~ 1v'o.'s ~' <br />APPROA UG 1SD AC(~I[P IISG 4 COl '~ 1 IR OPFGR <br />1=0R THI_ ACQL'~ISll 10A OI' PNOPERTI' IA IIiF <br />~1EDA.(III3GizaciSi.) <br />14 <br />