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South Bend Redevelopment Commission <br /> Regular Meeting—September 27, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> C. Airport Economic Development Area <br /> (5) continued... <br /> added to the Airport Economic Development <br /> Area's Acquisition List by Resolution <br /> No. 2668 on May 21, 2010 in an effort to <br /> clean and clear the southern boundary of <br /> Ignition Park, and to help stabilize the Rum <br /> Village neighborhood to the south. <br /> This particular property is a two story, four <br /> bedroom, 1,280 square foot single family <br /> residence. The property owner contacted <br /> staff to express interest in selling this <br /> property. Resolution No. 2940 sets the <br /> acquisition value of the property at $12,250, <br /> the average of two independent appraisals. <br /> Staff requests approval of Resolution <br /> No. 2940. <br /> Upon a motion by Mr. Downes, seconded by COMMISSION APPROVED RESOLUTION No.2940 <br /> Mr. Varner and unanimously carried, the RELATED TO ACQUISITION OF PROPERTY IN THE <br /> Commission approved Resolution No. 2940 AIRPORT ECONOMIC DEVELOPMENT AREA <br /> related to acquisition of property in the (1512 KEMBLE). <br /> Airport Economic Development Area (1512 <br /> Kemble). <br /> (6) Resolution No. 2942 related to acquisition <br /> of property in the Airport Economic <br /> Development Area (1511 S. Kemble). <br /> Mr. Relos noted that 1511 S Kemble was <br /> added to the Airport Economic Development <br /> Area's Acquisition List by Resolution <br /> No. 2668 on May 21, 2010. <br /> This property is a two story, three bedroom, <br /> 1,428 square foot single family residence. It <br /> has a one car garage, central air, fenced back <br /> 21 <br />