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(e 1 6 C L� <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. 3065 — Acquisition Offer for 1526 Prairie Ave. <br />Date: August 16, 2012 <br />This is the staff report for the acquisition of 1526 Prairie Ave. This property was added to <br />the Airport Economic Development Area's Acquisition List by Resolution No. 2668 on May <br />21, 2010. <br />It was added in an effort to clean and clear the southern boundary of Ignition Park, and to <br />help stabilize the Rum Village neighborhood to the south. The Rum Village Neighborhood <br />Association strongly supports the redevelopment of this area on the north side of Indiana <br />Avenue. <br />This particular property is a vacant lot along Prairie Ave, and is next to other Commission <br />owned properties. This property is scheduled to be on the September 2012 County tax sale <br />list. <br />Resolution No. 3065 sets the acquisition value of the property at $2,525. The acquisition <br />value is the average value as determined by two independent appraisals. <br />Staff requests approval of Resolution No. 3065, to allow for the possible acquisition of this <br />property. <br />What We Do Today Makes A Difference! <br />