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South Bcnd Rcde~~clopmcnt Conunission <br />Regular Meeting -October 17, ?008 <br />6. NE~~' BUSINESS (CON"T.) <br />B. South Bcnd Central Development Arca <br />(12) continued... <br />related to acquisition of property in the South <br />Bead Central Deg°clopment Area. (414 S. <br />William) <br />(13) Resolutimi No. 2495 related to acquisition <br />of propert~~ iu the South Bend Central <br />Development Arca. (416 ~~estern Ave.) <br />Mr. Gibney noted that Resolution No. ?495 <br />sets the o1 ~crin~~ ~~rice for 416 Westa~n <br />A~~enuc at 5161.8?5. the avera~.;e of t~~~o <br />independent appraisals. "i~he property is an <br />11.040 sft lot ~~~ith one commercial structure. <br />o~~~ncd by Jack F. Richey Jr. and Pamela E. <br />Richey <br />~;pon a motion by Ms. King, seconded by <br />Mr. Blake and unanimously carried.. the <br />Commission ap~~ro~~ed Resolution Ao. ?495 <br />related to acquisition of property in the South <br />Bcnd Central De~~elopment Arca. (416 <br />~w'cstcrn A~~e.) <br />(14) Resolution No. 2496 approving and <br />acccptin; a counteroffer for the <br />acquisition of propert~~ in the South Bcnd <br />Central Development Arca. (416 ~~~estc-•n <br />Avc.) <br />Vlr. Gibney noted that the Richevs hay c <br />made a counter offer in the amount of <br />S 190,000. The ~~alue is similar to the ~~alucs <br />oi~other commercial propa-ties acquired in <br />the area and ~~~ill have no relocation costs <br />associated ~~~ith it because the o~~ners desire <br />to retire. Staff recommends accepting the <br />offer. <br />~~ <br />('~~~i~aissio~ ,~rrao~~ei~ RESOLlTl0y No. X495 <br />izri :~n~_u ro -~cc~~isrno~ or i~ieorca~r~~ i~ iin= <br />So~~ i i Be~[~ Ct_~ nz,~r Dt ~'[t orwi n r A~zi-~~. <br />(416 ~~'i_siea~,l~r-.) <br />