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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 /> (5) continued... <br /> four houses is $29,500. <br /> The owner of 1518 S. Scott does not <br /> currently live in the house, but if she did, <br /> acquisition and relocation costs would be <br /> approximately $25,000. <br /> In light of the above considerations, staff <br /> feels the counter offer of$26,000 is <br /> reasonable and recommends approval. <br /> Upon a motion by Mr. Varner, seconded by COMMISSION APPROVED THE ADMINISTRATIVE <br /> Mr. Alford and unanimously carried, the SETTLEMENT FOR 1518 S. SCOTT ST. <br /> Commission approved the Administrative <br /> Settlement for 1518 S. Scott St. <br /> (6) Administrative Settlement for 1525 S. <br /> Kemble Avenue. <br /> Mr. Relos noted that Resolution No. 2718 set <br /> the acquisition offering price at $29,000 for <br /> 1525 S. Kemble Ave. The owner of this <br /> property died without a will, and staff has <br /> been working with her heirs since July of last <br /> year to work through the process of setting <br /> up an estate so this property could be <br /> acquired. <br /> Since the property owner's death, one son <br /> has lived in the house, making payments on <br /> the mortgage, paying the taxes, and <br /> maintaining the property. According to the <br /> attorney for the estate, this son has a pending <br /> petition to receive the first $80,000 of the <br /> estate's proceeds (primarily this property). <br /> Under the relocation act, this son is eligible6. NEW <br /> 45 <br />