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South Bend Redevelopment Commission <br />Regular Meeting —July 12, 2011 <br />6. NEW BUSINESS (CONT.) <br />E. Airport Economic Development Area <br />(5) continued... <br />Ms. King questioned the total investment <br />amount and does it include the roadway? <br />Mr. Sikora explained, yes, $890,000 which <br />does include the roadway. <br />Upon a motion by Mr. Downes, seconded by <br />Mr. Varner and unanimously carried, the <br />Commission approved the Administrative <br />Settlement for acquisition of 1007 N. Bendix <br />Drive in the amount of $225,000. <br />F. West Washington- Chapin Development Area <br />(1) Resolution No. 2915 approving and <br />authorizing the execution of an Addendum <br />to the Master Agency Agreement (Taylor <br />Washington Demolitions). <br />Mr. Relos noted that this Addendum covers <br />two structures at the northwest corner of <br />Taylor and West Washington. The two <br />properties were acquired on June 29, 2011, <br />and are being demolished in preparation for <br />making this site acceptable for an historic <br />house move or new in -fill housing. <br />It is estimated that the total cost of this <br />project will be $75,000, which includes <br />asbestos abatement prior to demolition, and <br />demolition and property clearance. <br />Staff requests your approval of this Agency <br />Agreement in a not -to- exceed amount of <br />$75,000. <br />M, <br />COMMISSION APPROVED THE ADMINISTRATIVE <br />SETTLEMENT FOR ACQUISITION OF 1007 N. <br />BENDIx DRIVE IN THE AMOUNT OF $225,000. <br />