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(0 c C 0 <br />A, y 1 11,111.1 o <br />Community & Economic Development <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. 3029 — Acquisition Offer for 1522 Prairie Ave <br />Date: April 24, 2012 <br />This is the staff report for the acquisition of 1522 Prairie. This property was added to the <br />Airport Economic Development Area's Acquisition List by Resolution No. 2668 on May 21, <br />2010. It was added in an effort to clean and clear the southern boundary of Ignition Park, <br />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 3,200 square foot, one story warehouse building. The property <br />owner would like to participate in the goals of the Commission to clean and clear this area, <br />and contacted staff of their interest in selling this property. <br />Resolution No. 3029 sets the acquisition value of the property at $28,500. The acquisition <br />value is the average value as determined by two independent appraisals. <br />Staff requests approval of Resolution No. 3029, to allow for the acquisition of this property. <br />What We Do Today Makes A Difference! <br />