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South Bend Redevelopment Commission <br />Regular Meeting –April 3, 2009 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />B. Airport Economic Development Area <br /> <br />(1) continued… <br /> <br />with a concrete slab and has an 8-foot metal <br />fence around two sides. It is currently being <br />used by Waste Management, though not <br />owned by that company. Resolution <br />No. 2573 sets the offering price for the <br />property at $42,537.50, the average of two <br />independent appraisals. <br /> <br />CRN.2573 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />Ms. King and unanimously carried, the <br />AEDA.(1500S.F) <br /> BLK RANKLIN <br />Commission approved Resolution No. 2573 <br />related to acquisition of property in the <br />AEDA. (1500 blk S. Franklin) <br /> <br /> <br />(2) Resolution No. 2574 approving and <br />accepting a counter offer for the <br />acquisition of property in the AEDA. <br />(1500 blk S. Franklin) <br /> <br />Mr. Relos noted that Engel Ventures has <br />submitted a counter offer in the amount of <br />$50,000. After researching the value of the <br />property and the depreciated value of its <br />improvements, staff feels the counter offer is <br />reasonable and recommends accepting it. <br /> <br />CRN.2574 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />APPROVING AND ACCEPTING A COUNTER OFFER <br />Ms. King and unanimously carried, the <br />FOR THE ACQUISITION OF PROPERTY IN THE <br />Commission approved Resolution No. 2574 <br />AEDA.(1500S.F) <br /> BLK RANKLIN <br />approving and accepting a counter offer for <br />the acquisition of property in the AEDA. <br />(1500 blk S. Franklin) <br /> <br /> <br />(3) Resolution No. 2575 related to acquisition <br />of property in the AEDA. (1200 blk S. <br />Franklin) <br /> 7 <br /> <br />