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South Bend Redevelopment Commission <br />Regular Meeting —June 14, 2011 <br />remediation funds from IDEM to do <br />environmental cleanup at the property. Now <br />we would like to put it on the market. <br />Resolution No. 2897 sets the fair market <br />value at $42,500, the average of two <br />independent appraisals. The property is 2.6 <br />acres. <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission approved Resolution No. 2897 <br />approving the Fair Market Value of Property <br />in the Airport Economic Development Area <br />(604 S. Scott Street, former Millennium <br />Environmental, Inc.) <br />(12) Bid Specifications and Design <br />Considerations for 604 S. Scott Street <br />Mr. Sikora noted that the Bid Specifications <br />and Design Considerations include that <br />proposals must include a basic reuse plan for <br />the site and a project timeline. Projects must <br />be compatible with the goals and objectives <br />of the Development Plan for the Airport <br />Economic Development Area. <br />COMMISSION APPROVED RESOLUTION NO. 2897 <br />APPROVING THE FAIR MARKET VALUE OF <br />PROPERTY IN THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA (604 S. SCOTT STREET, <br />FORMER MILLENNIUM ENVIRONMENTAL, INC.) <br />Upon a motion by Mr. Varner, seconded by COMMISSION APPROVED THE BID <br />Mr. Alford and unanimously carried, the SPECIFICATIONS AND DESIGN CONSIDERATIONS <br />Commission approved the Bid Specifications FOR 604 S. SCOTT STREET <br />and Design Considerations for 604 S. Scott <br />Street. <br />(13) Authorization to publish Notice of <br />Intended Disposition of Property with <br />publication dates of June 24 and July 1, <br />2011 and receipt of bids at 10:00 a.m., <br />July 12, 2011. (604 S. Scott Street) <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Alford and unanimously carried, the <br />Commission authorized publication of the <br />47 <br />COMMISSION AUTHORIZED PUBLICATION OF THE <br />NOTICE OF INTENDED DISPOSITION OF <br />PROPERTY WITH PUBLICATION DATES OF JUNE <br />24 AND JULY 1, 2011 AND RECEIPT OF BIDS AT <br />