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South Bend Redevelopment Commission <br /> Regular Meeting—October 25, 2011 <br /> 6. NEW BUSINESS <br /> E. Airport Economic Development Area <br /> (3) continued... <br /> surveys, investigations, and thoroughly study <br /> the Airport Economic Development Area <br /> (AEDA) for the potential to add properties to <br /> the acquisition list. This process included the <br /> gathering of information on parcels to be <br /> added, and an estimation of costs associated <br /> with their acquisition and redevelopment. <br /> Resolution No. 2950 is the Declaratory <br /> Resolution to amend the AEDA to add 401 <br /> North Bendix and the 1300 block of South <br /> Michigan Street the List of Parcels to be <br /> Acquired. The properties have been assessed <br /> and their potential acquisition found to be <br /> consistent with the goals and objectives of <br /> the Airport Economic Development Area <br /> Development Plan. <br /> The parcel located at 401 North Bendix is <br /> adjacent to the Bosch complex and currently <br /> owned by Honeywell, Inc. The ability to add <br /> this parcel would allow for the broadening of <br /> development possibilities at the exiting <br /> Bosch site as we look to future users and <br /> their potential plans for expansion. The <br /> additional three parcels are located at the <br /> 1300 block of South Michigan Street. This is <br /> an area in which the city owns a number of <br /> individual parcels within the block, and <br /> acquisition of the sites would allow for better <br /> site control and a more developable/ <br /> marketable site. <br /> The expected cost for the acquisition and <br /> improvements to these properties is <br /> approximately $500,000. Approval of <br /> Resolution No 2950 does not commit the <br /> 16 <br />