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South Bend Redevelopment Commission <br /> Regular Meeting—September 13, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> B. South Bend Central Development Area <br /> (7) continued... <br /> estate on this site. <br /> Mr. Varner asked if there was a timeline on <br /> the acquisition. Mr. Gibney reiterated that as <br /> this has to go to the Area Plan Commission, <br /> Common Council, and back to the <br /> Commission for a public hearing and final <br /> vote. Staff expects acquisition before the end <br /> of the year. <br /> Mr. Downes asked if there will be further <br /> environmental costs. Mr. Gibney responded <br /> that he did not know, pending the Phase II <br /> site assessment. <br /> Ms. King asked if a study would be done <br /> before the city makes an offer to which Mr. <br /> Gibney responded yes. <br /> Mr. Downes asked if the purchase would be <br /> subject to a sales agreement being in place <br /> prior to the purchase. He asked if it is legal <br /> to negiotiate an agreement simultaneously. <br /> Mr. Gibney responded that there is a <br /> developer who has expressed interest in it <br /> Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED RESOLUTION No.2932 <br /> Mr. Alford and unanimously carried, the AMENDING THE DEVELOPMENT PLAN FOR THE <br /> Commission approved Resolution No. 2932 SOUTH BEND CENTRAL DEVELOPMENT AREA <br /> AND ADDING AN INTEREST IN ONE OR MORE <br /> amending the Development Plan for the PARCELS TO THE LIST OF PARCELS TO BE <br /> South Bend Central Development Area and ACQUIRED(FORMER WHARF SITE)AS WELL AS <br /> adding an interest in one or more parcels to THE SETTING OF THE PUBLIC HEARING. <br /> the List of Parcels to be Acquired (former <br /> Wharf site) as well as the setting of the <br /> Public Hearing. <br /> 13 <br />