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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 />(8) Resolution No. 2784 related to acquisition <br />of property in the Airport Economic <br />Development Area (1509 S. Kendall St.) <br />Mr. Relos noted that the owners of 1509 S. <br />Kendall St. contacted staff with an interest in <br />selling their property. Resolution No. 2784 <br />sets the acquisition value of the property at <br />$25,500, the average of two independent <br />appraisals. Staff requests approval of <br />Resolution No. 2784. <br />Upon a motion by Mr. Downes, seconded by <br />Ms. King and unanimously carried, the <br />Commission approved Resolution No. 2784 <br />related to acquisition of property in the <br />Airport Economic Development Area (1509 <br />S. Kendall St.) <br />(9) Resolution No. 2785 related to acquisition <br />of property in the Airport Economic <br />Development Area (509 W. Indiana Ave.) <br />Mr. Relos noted that the owners of 509 W. <br />Indiana Ave. contacted staff with an interest <br />in selling their property. Resolution No. <br />2785 sets the acquisition value of the <br />property at $24,000, the average of two <br />independent appraisals. Staff requests <br />approval of Resolution No. 2785. <br />Upon a motion by Mr. Downes, seconded by <br />Ms. King and unanimously carried, the <br />Commission approved Resolution No. 2785 <br />related to acquisition of property in the <br />Airport Economic Development Area (509 <br />W. Indiana Ave.) <br />23 <br />COMMISSION APPROVED RESOLUTION NO. 2784 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA <br />(1509 S. KENDALL ST.) <br />COMMISSION APPROVED RESOLUTION NO. 2785 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA (509 <br />W. INDIANA AVE.) <br />