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~ ~~~ <br />~ ~ SOUTH B <br />(~ %~ ~, <br />w ~!~",~~ , S' <br />Communit & Economic Develo ment y~,;~.~~; <br />1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 <br />To: Redevelopment Commission ~ <br />From: David Relos, Economic Development Planner <br />Subject: Res. No. 2717 -Acquisition Offer for 1515 S. Kemble Ave. <br />Date: July 9, 2010 <br />This is the staff report for the acquisition of 1515 S. Kemble Ave. This property was added <br />to the Airport Economic Development Area Acquisition List by Resolution No. 2668 on May <br />21, 2010. It was added in an effort to clean and clear the southern boundary of Ignition <br />Park, and to help stabilize the Rum Village neighborhood to the south. The Rum Village <br />Neighborhood Association strongly supports the redevelopment of this area on the north <br />side of Indiana Avenue. <br />This particular property is a two story, 1,342 square foot, two bedroom single family <br />residence. The property owner would like participate in the goals of the Commission in its <br />efforts to clean and clear this area, and contacted Staff of their interest in selling this <br />property. <br />Resolution No. 2717 sets the acquisition value of the property at $11,250. The acquisition <br />value is the average value as determined by two independent appraisals. <br />Staff requests approval of Resolution No. 2717, to allow for the acquisition of this property. <br />What We Do Today Makes A Difference! <br />