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South Bend Redevelopment Commission <br />Regular Meeting — November 22, 2011 <br />In addition to the acquisition cost of this <br />property, there will be relocation costs of <br />$32,650. This property owner is married <br />with three small children, and would like to <br />quickly relocate. To enable them to do this, <br />they would like a lump sum payment instead <br />of going through the acquisition and <br />relocation process. A lump sum payment <br />now would allow them to move, clear their <br />credit report more timely, and to then use the <br />remaining relocation money of <br />approximately $30,000 to put toward the <br />acquisition of a new home. <br />Staff feels the total acquisition and relocation <br />cost of $74,400 is reasonable for this <br />property, and requests your approval of the <br />Lump Sum Administrative Settlement. <br />Upon a motion by Mr. Varner, seconded by COMMISSION APPROVED THE ADMINISTRATIVE <br />Mr. Alford and unanimously carried, the SETTLEMENT FOR ACQUISITION OF 1511 S. <br />Commission approved the Administrative KEMBLE AVENUE IN THE AMOUNT OF $74,400. <br />Settlement for acquisition of 1511 S. Kemble <br />Avenue in the amount of $74,400. <br />(4) Appointment of Jon Cook to a three -year <br />term to the Blackthorn Owners <br />Association Board of Directors. <br />Mr. Inks noted that there are three members <br />on the Blackthorn Owners Association board. <br />All of the members are appointed by the <br />Redevelopment Commission as long as the <br />Commission owns a major portion of the <br />land in Blackthorn Corporate Park. Each <br />member has a three -year term, expiring in <br />consecutive years. Bill Mischel, Shamrock <br />Development, does not wish to be <br />reappointed to the board, so the Association <br />has recommended Jon Cook, Abro, to replace <br />him. Mr. Cook's term would end December <br />13 <br />