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South Bend Redevelopment Commission <br /> Regular Meeting—June 14, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> D. Airport Economic Development Area <br /> (2) continued... <br /> Mr. Relos noted that 1513 Chapin, 1518 <br /> Chapin and 1518 Scott Street were all added <br /> to the Airport Economic Development Area <br /> Acquisition List by Resolution No. 2668 on <br /> May 21, 2010. 1518 S. Chapin St. is a two <br /> story, three bedroom single family residence. <br /> Resolution No. 2883 sets the acquisition <br /> value of the property at $25,000, the average <br /> value as determined by two independent <br /> appraisals. Staff requests approval of <br /> Resolution No. 2883. <br /> Upon a motion by Mr. Varner, seconded by COMMISSION APPROVED RESOLUTION No.2883 <br /> Mr. Alford and unanimously carried, the RELATED TO ACQUISITION OF PROPERTY IN THE <br /> Commission approved Resolution No. 2883 AIRPORT ECONOMIC DEVELOPMENT AREA <br /> related to acquisition of property in the (1518 S.CHAPIlV ST.) <br /> Airport Economic Development Area (1518 <br /> S. Chapin St.) <br /> (3) Resolution No. 2884 related to acquisition <br /> of property in the Airport Economic <br /> Development Area (1513 S. Chapin St.) <br /> Mr. Relos noted that 1513 S. Chapin St. is a <br /> two story, four bedroom single family <br /> residence. Resolution No. 2884 sets the <br /> acquisition value of the property at $29,500, <br /> the average value as determined by two <br /> independent appraisals. Staff requests <br /> approval of Resolution No. 2884. <br /> Upon a motion by Mr. Varner, seconded by COMMISSION APPROVED RESOLUTION No.2884 <br /> Mr. Alford and unanimously carried, the RELATED TO ACQUISITION OF PROPERTY IN THE <br /> Commission approved Resolution No. 2884 AIRPORT ECONOMIC DEVELOPMENT AREA <br /> related to acquisition of property in the (1513 S.CHAPIlV ST.) <br /> Airport Economic Development Area (1513 <br /> S. Chapin St.) <br /> 43 <br />