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South Bend Redevelopment Commission <br />Regular Meeting -July 23, 2010 <br />6. NEW BUSINESS (CONT.) <br />D. Airport Economic Development Area <br />(16) continued... <br />Construction site on Fellows St. Now staff <br />would like to proceed with acquisition of <br />1313 Prairie. Two independent appraisals <br />have established the acquisition offering <br />price of $189,000. Staff recommends <br />approving Resolution No. 2712. setting <br />$189,000 as the offering price and <br />authorizing the sending of a purchase offer <br />for the property. <br />Upon a motion by Ms. King, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved Resolution No. 2712 <br />related to acquisition of property in the <br />Airport Economic Development Area (1313 <br />Prairie Ave.) <br />(17) Resolution No. 2713 approving and <br />accepting a counteroffer for the <br />acquisition of property in the Airport <br />Economic Development Area (1313 Prairie <br />Ave.) <br />Mr. Schalliol noted that the owner of 1313 <br />Prairie Ave. has made a counter offer in the <br />amount of 5204,000. The purchase price <br />JVH had negotiated with Beltway Towing <br />was 5195,000. JVH also had additional <br />holding costs incurred while staff was <br />helping to find another site for Beltway. <br />JVH's counter offer reflects those <br />considerations. Staff recommends accepting <br />the counter offer. <br />Ms. King asked how many more properties <br />staff expects to purchase in this area. Mr. <br />COMMISSION APPROVED RESOLUTION NO. 212 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA <br />(1313 PRAIRIE AVE.) <br />18 <br />