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South Bend Redevelopment Commission <br /> Regular Meeting—June 14, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> C. South Bend Central Development Area <br /> (1) continued... <br /> of the most desirable sites in the Eastbank, <br /> facing the river, facing Century Center, has <br /> been on the market for more than a decade. <br /> The city plan, the Eastbank village plan and <br /> the Howard Park neighborhood plan all call <br /> for housing in these downtown areas. The <br /> best thing we can do is to get housing put <br /> there. So, we can hold this land for its <br /> offering price, or we can lower the price and <br /> get people living downtown, working <br /> downtown and we can collect property taxes <br /> again on these properties. Mr. Gibney noted <br /> that The Emporium did not want to purchase <br /> that Niles/Jefferson site. It was their <br /> customers who were using it for parking. <br /> The property is also extremely unsightly. <br /> We are willing to prime the pump and get the <br /> kind of quality housing that Mr. Matthews <br /> has proposed to bring people downtown. <br /> Ms. King asked what the timeline is for this <br /> project. Mr. Matthews answered that his <br /> Contract for Sale of Land stipulates that he <br /> construct at least three units beginning in the <br /> fall. Then he must have the remaining seven <br /> of units built within three years. Even if <br /> there is no market, Mr. Matthews is still <br /> obligated to build ten townhomes and to get <br /> them sold. <br /> Mr. Alford made a motion to accept the COMMISSION ACCEPTED THE DEVELOPMENT <br /> development proposal from David Matthews PROPOSAL FROM DAVID MATTHEWS FOR THE <br /> for the Northeast corner Jefferson&Niles. NORTHEAST CORNER OF JEFFERSON&NILES AND <br /> DIRECTED STAFF TO PREPARE THE CONTRACT <br /> Ms. King seconded the motion. The motion FOR SALE OF LAND <br /> passed on a vote of three in favor. Mr. <br /> Varner was opposed. <br /> 26 <br />