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South Bend Redevelopment Commission <br /> Regular Meeting—November 22, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> A. South Bend Central Development Area <br /> (3) continued... <br /> of those properties: <br /> 628 Rush Street—We've received a cash <br /> offer of$5000. This offer, like previous <br /> offers, is on the low side, though staff did <br /> confirm that the property will require $7000 <br /> of repair (mostly plumbing and windows). <br /> The prospective buyer intends to make this <br /> home his permanent residence. He is a <br /> former police officer and currently serves in <br /> the US military. In cases where he is <br /> overseas for short deployments, his family <br /> will remain in the home. Staff recommends <br /> accepting the offer and requests permission <br /> to proceed with a Contract for Sale and <br /> associated documents necessary for the sale <br /> of this property. <br /> 609 Columbia Street—We've received one <br /> offer for $5000, once again from adjoining <br /> property owner Gil Michele (who is <br /> purchasing two other homes for $5000 and <br /> $10,000 respectively). This home currently <br /> has a tenant and is not in need of major <br /> repair, and given Mr. Michele's forthcoming <br /> investments in the neighborhood, staff would <br /> like to engage him more about this third <br /> property. As such, we ask permission to <br /> reject the offer and counter with $10,000 to <br /> continue the conversation. <br /> Upon a motion by Mr. Varner, seconded by COMMISSION ACCEPTED THE COUNTER OFFER <br /> Ms. King and unanimously carried, the FOR 628 RUSH STREET AND AUTHORIZED STAFF <br /> Commission accepted the counter offer for TO MAKE A COUNTER OFFER FOR 609 COLUMBIA <br /> 628 Rush Street and authorized staff to make IN THE AMOUNT OF$10,000 <br /> a counter offer for 609 Columbia in the <br /> amount of$10,000. <br /> 11 <br />