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South Bend Redevelopment Commission <br />Regular Meeting –February 19, 2010 <br /> <br />and secure ownership of the right-of-way for <br />when we are ready to do the construction. <br /> <br />A full listing of properties, appraised values <br />for the properties and a map are included as <br />Exhibit A to the Addendum to Master <br />Agency Agreement. The total average <br />appraised value for the right-of-way <br />acquisitions is $468,387.50. Staff requests a <br />not-to-exceed budget of $750,000.00. <br /> <br />CRN.2652 <br />Upon a motion by Mr. Downes, seconded by <br />OMMISSION APPROVED ESOLUTION O <br />APPROVING AND AUTHORIZING THE EXECUTION <br />Ms. King and unanimously carried, the <br />AMA <br />OF AN DDENDUM TO THE ASTER GENCY <br />Commission approved Resolution No. 2652 <br />A(ORR--W <br />GREEMENT LIVE OAD IGHTOFAY <br />approving and authorizing the execution of <br />A) <br />CQUISITION AND AUTHORIZED A BUDGET FOR <br />an Addendum to the Master Agency <br />$750,000 <br />THE ACQUISITIONS NOT TO EXCEED <br />Agreement (Olive Road Right-of-Way <br />Acquisition) and authorized a budget for the <br />acquisitions not to exceed $750,000. <br /> <br /> <br />(3) Resolution No. 2653 approving and <br />authorizing the execution of an Addendum <br />to the Master Agency Agreement (Tax <br />Sale Certificate Purchases) <br /> <br />Mr. Inks noted that Resolution No. 2653 has <br />been amended to include the properties from <br />Resolution No. 2654 on the agenda as Item <br />6.B.(4). Resolution No. 2653 addressed <br />properties that were not currently on the <br />Development Plan’s Acquisition Lit. <br />Resolution No. 2654 addressed properties <br />that were already on the Acquisition List. <br />Resolution No. 2653 now contains all the tax <br />sale properties. Item 6.B.(4) will be <br />withdrawn. <br /> <br />Mr. Relos noted that on January 15, 2010, <br />the Commission authorized staff to begin the <br />statutory process of adding parcels to the <br />Airport Economic Development Area. <br />During this process, staff has discovered 24 <br /> 14 <br /> <br />