6B(4) & (5) - Laserfiche WebLink

Home Browse Search

~~ ~ ~-~y~ SpU TN B • • o' ~I/I/`tio ~ \ `~~ , ', .+ \ ~ e Community & Economic Development ~ `'~'`a~ X865_ 1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 To: Redevelopment Commission From: David Relos, Economic Development Planner Subject: Enyart Electric Motor Repair Contract for Purchase and Sale - 1313 Prairie Ave. Additional Relocation Costs - 122 E. Sample St. Date: January 14, 2011 On November 2, 2010, the Commission approved Resolution No. 2793 and 2800, the Acquisition Offer and Counter Offer & Relocation for Enyart Electric Motor Repair (Enyart), located at 122 E. Sample St. The acquisition and relocation of Enyart allows their current building along East Sample to be used by Ivy Tech for the expansion of much needed classroom, storage, and / or parking. On November 19, 2010, the Commission completed the disposition process for 1313 Prairie Ave, by publicly opening bids. There were no conforming bids for this property, which had a purchase offer price of $189,000. Enyart was the only non-conforming bidder. Enyart bid, and continues to offer to purchase 1313 Prairie for $165,000. Enyart has been in business since 1965, and recently acquired another electric motor repair business in Elkhart. They have outgrown their current location, and would like to purchase and relocate to 1313 Prairie to facilitate the consolidation and growth of the two businesses. When considering their move to 1313 Prairie, the owners of Enyart discussed their needs with contractors, who based on those conversations, gave them an estimate of costs for the renovations necessary to accommodate their move. Enyart felt those estimates were close enough to move forward with their and our plans to relocate them. Upon closer inspection by the contractors of the property, they discovered several items not originally included in their estimates, such as ADA compliance, sprinklers needing moved and reconfigured, and transformers not being able to be moved and reused. These items have increased the project from $132,318 to $250,788, or an additional $118,470. Though this increase came as a surprise to all involved, upgrading this building on the western edge of Ignition Park, which has been vacant for many years, will benefit this important corridor of Ignition Park. Both the building's interior and exterior will be upgraded, What We Do Today Makes A Difference!