Laserfiche WebLink
South Bend Redevelopment Commission <br /> Regular Meeting—November 22, 2011 <br /> 6. NEW BUSINESS (CONT.) <br /> B. Airport Economic Development Area <br /> (6) continued... <br /> Plant 100 —25.9 acres $1.63 per sq. ft. (triple <br /> net) and sale price of$1,532,500 <br /> Plant 9 —3.56 acres $1.73 per sq. ft. (triple <br /> net) and sale price of$462,500 <br /> Total Site—29.46 acres $1.60 sq. ft. (triple <br /> net) and sale price of$1,967,500 <br /> Staff requests approval of Resolution <br /> No. 2959. <br /> Upon a motion by Ms. King, seconded by COMMISSION APPROVED RESOLUTION No.2959 <br /> Mr. Alford and unanimously carried, the APPROVING THE FAIR MARKET VALUE OF <br /> Commission approved Resolution No. 2959 PROPERTY IN THE AIRPORT ECONOMIC <br /> approving the fair market value of property DEVELOPMENT AREA.(401 N.BENDIx DRIVE <br /> in the Airport Economic Development Area. <br /> (401 N. Bendix Drive) <br /> (7) Bid Specifications and Design <br /> Considerations for 401 N. Bendix Drive. <br /> Mr. Sikora noted that the Bid Specifications <br /> outline the uses and development <br /> requirements that will be considered for this <br /> site, including that the property is offered in <br /> an "as is" condition and that proposals must <br /> include a reuse plan and project timeline. <br /> Emphasis will be placed on compatibility <br /> with the goals and objectives of the area's <br /> development plan. Staff asks for the <br /> approval of the Bid Specifications and <br /> Design Considerations for the disposition of <br /> this property. <br /> 17 <br />