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South Bend Redevelopment Commission <br />Regular Meeting -September 18, 2009 <br />6. NEW BUSINESS (CONT.) <br />B. South Bend Central Development Area <br />(2) continued... <br />responded that that price is the Commission <br />approved offering price for the property, so it <br />is the listing price. The Commission may <br />accept a lower offer. <br />Mr. Inks noted that the contract stipulates <br />that if the Commission does accept a lower <br />offer, the commission to CBRE will be based <br />on the listing price. <br />Upon a motion by Mr. Varner, seconded by COMMISSION APPROVED THE LISTING <br />Mr. Alford and unanimously can•ied, the AGREEMENT WITH CB RICHARD ELLIS FOR <br />COmnllSSlOn appI'OVed the ),lsting Agreement SBCDA PROPERTIES. (COLFAX c~ HILL AND <br />Wlth CB Rlchal'd E111S for SBCDA LASALLE HOTEL <br />properties. (Colfax & Hill and LaSalle Hotel) <br />C. Airport Economic Development Area <br />(1) Resolution No. 2601 approving the <br />transfer of real property to the City of <br />South Bend, Indiana. (Underground Pipe <br />& Valve) <br />Mr. Meteiver noted that Resolution No. 2601 <br />transfers a 40 foot ship of land along Cotter <br />St. and also a drainage easement at the <br />southwest corner of Prairie and Cotter. <br />pursuant to a reconstruction easement <br />accomplished by the Board of Public Works <br />along Cotter Street. The drainage easement <br />is conveyed so that the Board of Public <br />Works can control the drainage issues around <br />the area. The Board of Public Works will <br />consider a similar resolution accepting the <br />transfer and easement. <br />12 <br />