1993- 08-05 Minutes - Laserfiche WebLink

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U SOUTH BEND REDEVELOPMENT AUTHORITY REGULAR MEETING August 5, 1993 1308 County-City Building 4:30 p.m. 227 W. Jefferson Boulevard Presiding: Joseph Wroblewski South Bend, Indiana 46601 President The August 5, 1993 Regular Meeting of the Redevelopment Authority was called to order at 4:55 p.m. by its President, Joseph Wroblewski. There was a quorum present. ROLL CALL Members Present: 2. Upon a motion by Mr. Fewell, seconded by Mr. Wroblewski and unanimously carried, the Authority approved the Minutes of the Special Meeting of Thursday, July 15, 1993.. • 3. Members Absent: Redevelopment Staff: APPROVAL OF MINUTES Mr. Joseph Wroblewski, President Mr. Donald K. Fewell, Secretary Mr. Andre B. Gammage Mrs. Ann Kolata, Director Mrs. Cheryl Phipps, Recording Secretary Mr. James Riggs, Economic Dev. Specialist a. A~nroval of Minutes of the Special MeetingLof Thursdav July 15. 1993. NEW BUSINESS a. Authori~ approval requested for Resolution No 81 ayyrovine and acceptine the transfer of real nro~pertv from the State of Indiana. Mrs. Kolata explained that the State of Indiana wishes to transfer a portion of land at the intersection of the By-pass and the Indiana Toll Road. The state needed nine acres of land to construct the west ramp of Exit 72 of the toll road, but the land the state needed rendered the remaining parcel (19 acres) damages to 95 % of its value without access to Old Cleveland Road. So the state bought the entire parcel in a condemnation agreement and we agreed to buy the unused portion from them. We will eventually put in the infrastructure necessary to create access to Olive or to Old Cleveland and make the parcel available for development. We have agreed to pay $387,000 for the 19.26 acres. However, we will pay $287,000 now and $100,000 at a later time, yet to be agreed upon. -1-