6E(1) Resolution No. 2860 - Laserfiche WebLink

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• r a n • u rn o`'o I/8�ra Community & Economic Development`s , y . 1865 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. 2860 Date: April 26, 2011 On March 22, 2011, the Commission authorized staff to conduct surveys, investigations, and to thoroughly study the West Washington Chapin Development Area (WWCDA). This process included the gathering of information on the parcel to be added, and an estimation of costs associated with its acquisition and redevelopment. Attached to this memorandum is Resolution No. 2860, which is a Declaratory Resolution to amend the Development Plan for the WWCDA. This Declaratory Resolution begins the process to amend the Development Plan to allow for the acquisition of one property at the northwest corner of Washington and Chapin Streets, 803 W. Washington. This property was originally built as a three story private residence for the William L. Kizer family. Mr. Kizer came to South Bend from Ohio in 1865. In 1869, Mr. Kizer formed a firm that conducted business in real estate, loans, and insurance, and made investments in Illinois, Indiana, and Michigan. Upon acquisition of this property, staff will work with South Bend Heritage Foundation for its adaptive reuse. Expected cost for the acquisition and stabilization of this property is $300,000. 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 its acquisition. Staff requests Commission approval of Resolution No. 2860, and the necessary advertising to carry it forward. What We Do Today Makes A Difference!