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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting — November 2, 2010 <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved Resolution No. 2797 <br />approving the Fair Market Value of property <br />in the South Bend Central Development <br />Area. (410 South Main Street, Main & <br />Western parcel) <br />(2) Bid Specifications and Design <br />Considerations for 410 South Main Street <br />Mr. Schalliol noted that the Bid <br />Specifications stipulate that all offers must <br />meet the minimum price of $80,825.00. The <br />purchase must include the entire +.78 acre <br />parcel. The property is being offered in an <br />"As Is" condition. A complete <br />environmental history report is available for <br />the parcel, including a "No Further Action <br />Determination" letter from IDEM <br />Commercial - retail, commercial - office or <br />mixed use projects that are permitted within <br />the "CBD" Central Business District zoning <br />designation. Strong emphasis will be placed <br />during the review process on compatibility <br />with the goals and objectives of Downtown <br />South Bend and the Coveleski Park planning <br />area. All proposals for the reuse of the <br />disposition parcel must include a basic reuse <br />plan for the site and a project timeline <br />detailing aspects of the site redevelopment <br />and site improvements. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved the Bid Specifications <br />and Design Considerations for 410 South. <br />Main Street. <br />(3) Authorization to publish Notice of <br />Intended Sale of Property with publication <br />dates of November 5 and November 12, <br />7 <br />COMMISSION APPROVED RESOLUTION NO. 2797 <br />APPROVING THE FAIR MARKET VALUE OF <br />PROPERTY IN THE SOUTH BEND CENTRAL <br />DEVELOPMENT AREA. (410 SOUTH MAIN <br />STREET, MAIN & WESTERN PARCEL) <br />COMMISSION APPROVED BID SPECIFICATIONS <br />AND DESIGN CONSIDERATIONS FOR 410 SOUTH <br />MAIN STREET <br />