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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting — November 2, 2010 <br />value of the property at $237,500, the <br />average of two independent appraisals. <br />In addition to the acquisition price of this <br />property, there are relocation and moving <br />expenses of $150,105. Relocation expenses <br />consist of needed improvements at Sinco's <br />new location, which will be 1720 S. <br />Michigan St, the Harvey Pro Shop / <br />Hardware. <br />Staff feels the total acquisition, relocation, <br />and moving costs of $387,605 for this <br />property is reasonable, and requests approval <br />of Resolution No. 2786 and relocation <br />expenses of $150,105, to allow for the <br />acquisition of this property. <br />Ms. King asked if the Commission will then <br />have expenses related to renovating the <br />building for Ivy Tech's use. Mr. Relos <br />responded that it will not. <br />Mr. Downes asked for an update on Ivy <br />Tech's enrollment, noting that when the <br />Commission began acquiring property for <br />Ivy Tech approximately eighteen months <br />ago, enrollment had increased significantly <br />and they were bursting at the seams. Ms. <br />Duncanson responded that enrollment is up <br />another 4 % -5% in 2010. As part of its <br />statewide plan to improve achievement, they <br />are also adding a lot of staff. They are also <br />expanding their Student Life Program: <br />student government and clubs, etc. <br />Mr: Placek said another use they want to <br />make of the expanded facilities is for a VA <br />center. They have received about $17,000 in <br />grants to establish a VA center, a place for <br />veterans to gather, talk about veteran issues, <br />and where veteran resources will be more <br />readily accessible. The Veterans <br />18 <br />