6.C.(3) Resolution No. 2606 - Laserfiche WebLink

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~ ~ ~TH b 9 yn F~~ J9F .~ I ~/ ~ / >. Community & Economic Development '~~\~~'~z ,~. ~. ~1865..>iE~~ 1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 To: Redevelopment Commission From: David Relos, Economic Development Planner Subject: Res. 2606 -Acquisition Offer for 912 - 1002 S. Lafayette Blvd Res. 2607 -Counter Offer for 912 - 1002 S. Lafayette Blvd Date: October 2, 2009 This is the staff report for the acquisition of 912 - 1002 S. Lafayette Blvd. This property is known as the Airgas pressurized tank filling facility. This property was added to the Airport Economic Development Area Acquisition List by Resolution No. 2596 on August 26, 2009. This property was added to the acquisition list in an effort to clean and clear the fringe of Ignition Park for future development. It is located on the east side of Lafayette, just south of Sample Street. It sits next to and is across the street from the Hamilton Towing properties (which were added to the acquisition list by Commission Resolution No. 2456 on June 25, 2008). Resolution 2606 sets the acquisition value of the property at $135,425. The acquisition value is the average value as determined by two independent appraisals. The property owner submitted a counter offer value of $155,000. Because this land fits well into the future plans for this immediate area, staff feels this counter offer is a reasonable value for this property. Staff requests approval of Resolution 2606 and counter offer Resolution 2607 to allow for the acquisition of this property. Airgas Memo To RC re Purch of property.doc What We Do Today Makes A Difference!