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South Bend Redevelopment Commission <br />Regular Meeting —April 24, 2012 <br />6. NEW BUSINESS (CONT.) <br />C. Airport Economic Development Area <br />(3) continued... <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved Resolution No. 3022 <br />related to acquisition of property in the <br />Airport Economic Development Area. (1504 <br />S. Kemble) <br />(4) Resolution No. 3027 related to acquisition <br />of property in the Airport Economic <br />Development Area. (721 W. Indiana) <br />Mr. Relos noted that 721 W. Indiana was <br />added to the Airport Economic Development <br />Area's Acquisition List by Resolution <br />No. 2668 on May 21, 2010. It is a large <br />commercially zoned double lot at the <br />northeast corner of Kendall and Indiana. <br />Resolution No. 3027 sets the acquisition <br />value of the property at $15,750, the average <br />of two independent appraisals. Staff requests <br />approval of Resolution No. 3027. <br />Upon a motion by Mr. Varner, seconded by <br />Mr. Downes and unanimously carried, the <br />Commission approved Resolution No. 3027 <br />related to acquisition of property in the <br />Airport Economic Development Area. (721 <br />W. Indiana) <br />(5) Resolution No. 3028 related to acquisition <br />of property in the Airport Economic <br />Development Area. (913 -915 W. Indiana) <br />Mr. Relos noted that 913 -915 W. Indiana. <br />was added to the Airport Economic <br />Development Area's Acquisition List by <br />17 <br />COMMISSION APPROVED RESOLUTION NO. 3022 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA. <br />(1504 S. KEMBLE) <br />COMMISSION APPROVED RESOLUTION NO. 3027 <br />RELATED TO ACQUISITION OF PROPERTY IN THE <br />AIRPORT ECONOMIC DEVELOPMENT AREA. (721 <br />W. INDIANA) <br />