6D(2) Resolution No. 2871 - Laserfiche WebLink

Home Browse Search

(Ci 1 C Z-) 1) 8� 04 ,0 I'l /n �o Community & Economic Development'" °;a 1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 To: Redevelopment Commissioners From: David Relos, Economic Development Planner Subject: Staff Memo & Declaratory Resolution No. 2871 Date: April 26, 2011 On April 12, 2011, the Commission authorized staff to conduct surveys, investigations, and to thoroughly study the Airport Economic Development Area (AEDA). This process included the gathering of information on parcels to be added, and an estimation of costs associated with the acquisition and redevelopment of properties within this Development Area. Attached to this memorandum is Resolution No. 2871, which is a Declaratory Resolution to amend the Development Plan for the AEDA. This Declaratory Resolution begins the process to amend the Development Plan to allow for the acquisition of 3408 Ardmore Trail, the old Target store in La Salle Square and currently housing the St. Vincent DePaul Society. 3408 Ardmore Trail is an 83,000 square foot commercial building on 8 acres. The acquisition of this property would allow the Commission to consolidate it with the abutting 8.7 acres Commission owned property, making a larger marketable property for redevelopment. Expected cost of acquisition is $750,000. Upon approval by the Commission, resolutions will be put before the Area Plan Commission and Common Council for their approval, before a Public Hearing and Confirming Resolution would be presented to the Commission for final approval. Approval for advertising for the Public Hearing is also requested of the Commission. Advertising would be done after approval from the Common Council is granted. Staff believes it would be of public utility and benefit to amend the Development Plan by adding this property to the acquisition list and allowing this acquisition. Staff requests Commission approval of Resolution No. 2871 and the necessary advertising to carry it through. What We Do Today Makes A Difference!