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South Bend Redevelopment Commission <br />Regular Meeting — October 15, 2010 <br />6. NEW BUSINESS (CONT.) <br />D. Airport Economic Development Area <br />(6) Resolution No. 2782 related to acquisition <br />of property in the Airport Economic <br />Development Area (627 W. Indiana Ave.) <br />Mr. Relos noted that the owners of 627 W. <br />Indiana Ave. contacted staff with an interest <br />in selling their property. Resolution No. <br />2782 sets the acquisition value of the <br />property at $34,750, the average of two <br />independent appraisals. Staff requests <br />approval of Resolution No. 2782. <br />Upon a motion by Mr. Downes, seconded by <br />Ms. King and unanimously carried, the <br />Commission approved Resolution No. 2782 <br />related to acquisition of property in the <br />Airport Economic Development Area (627 <br />W. Indiana Ave.) <br />(7) Resolution No. 2783 related to acquisition <br />of property in the Airport Economic <br />Development Area (905 -909 W. Indiana <br />Ave. <br />Mr. Relos noted that the owners of 905 -909 <br />W. Indiana Ave. contacted staff with an <br />interest in selling their property. Resolution <br />No. 2783 sets the acquisition value of the <br />property at $35,250, the average of two <br />independent appraisals. Staff requests <br />approval of Resolution No. 2783. <br />Upon a motion by Mr. Downes, seconded by <br />Ms. King and unanimously carried, the <br />Commission approved Resolution No. 2783 <br />related to acquisition of property in the <br />Airport Economic Development Area (905- <br />909 W. Indiana Ave. <br />22 <br />COMMISSION APPROVED RESOLUTION N0.2782 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA (627 <br />W. INDIANA AVE.) <br />COMMISSION APPROVED RESOLUTION NO. 2783 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA (905- <br />909 W. INDIANA AVE. <br />