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( c(( JN <br /> *---- `,= Department of <br /> p <br /> s Community Investment <br /> A.` 1865 •.' <br /> Memorandum <br /> Monday, April 21, 2014 <br /> TO: Redevelopment Commission <br /> FROM: Brock Zeeb, Director of Economic Resources <br /> SUBJECT: Professional Services Contracts — Blackthorn Golf Course <br /> At the Commission's March 27 meeting, Staff gave an update that it planned to seek <br /> proposals from qualified appraisers to value the Blackthorn Golf Course, <br /> Seven requests were sent out, with four appraisers submitting proposals. <br /> Staff is recommending the selection of the two low appraisal companies, Hughes and <br /> Company, Inc. ($6,500) and Valbridge Property Advisors ($6,900). <br /> Upon execution of the contracts, the companies will begin the appraisal process, with <br /> completed valuation reports expected to be received within 45 days. <br /> Staff is requesting approval of these two professional services contracts in the amount <br /> of $13,400. <br /> 227 W. JEFFERSON BLVD. SOUTH BEND, IN 46601 I P: 574-235-9371 I FAX: 574-235-9021 I SOUTHBEND1N.GOV <br />