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ht mw, of <br /> Comm n i <br /> -�� f -��, � u ty Investment <br /> ins <br /> Memorandum <br /> April 24, 2014 <br /> TO: Redevelopment Commission <br /> FROM: David Relos, Economic Resources a <br /> SUBJECT: 112 S.St. Louis sale <br /> Purchase Agreement with Strataby's LLC <br /> As part of the planning efforts in the East Bank area, this property was transferred to the <br /> Commission by the Board of Public Works in 2005, with a dilapidated house on it then being <br /> demolished. Being only 33' wide, it is an unbuildable lot. <br /> This parcel was taken through the disposition process last fall, with an offering price of <br /> $4,200. No bids were received. <br /> Being an abutting property owner, Strataby's LLC (Barnaby's) has inquired about the lot, and <br /> has offered to acquire it for the minimum appraised value of$1,400. <br /> Since the sale of this property will place it back on the tax rolls and may assist in the future <br /> expansion of the Barnaby's property, Staff requests approval of the attached Purchase <br /> Agreement to sell this lot to Strataby's LLC. <br /> 227 W.JEFFERSON BLVD. SOUTH BEND, IN 46601 I P: 574-235-9371 I FAX: 574-235-9021 I SOUTHBENDIN.GOV <br />