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South Bend Redevelopment Commission <br /> Regular Meeting—August 16, 2012 <br /> 6. NEW BUSINESS (CONT.) <br /> B. Airport Economic Development Area <br /> (4) continued... <br /> Mr. Relos noted that on May 21, 2010, the <br /> Commission approved Confirming <br /> Resolution No. 2668, which added various <br /> properties to the acquisition list of the <br /> Airport Economic Development Area. Three <br /> of these properties are expected to be up for <br /> sale at the St. Joseph County September 2012 <br /> tax sale. Staff believes purchasing these <br /> properties from the tax sale will cost less <br /> than through the normal acquisition process. <br /> Of these three properties, two are vacant lots <br /> and one has been improved with a one story, <br /> three bedroom house. The improved <br /> property has been appraised, and on <br /> January 24, 2012, the Commission approved <br /> Resolution No. 2996, setting the acquisition <br /> offering value at $23,500. <br /> The two vacant lots have just recently been <br /> appraised with a combined value of$3,775. <br /> Since these properties are already on the <br /> Area's acquisition list, staff requests <br /> approval of Resolution No. 3062, to take the <br /> necessary steps to register and bid on these <br /> parcels, for a not-to-exceed total of$30,100. <br /> Upon a motion by Mr. Varner, seconded by COMMISSION APPROVED RESOLUTION No.3062 <br /> Mr. Downes and unanimously carried, the RELATED TO ACQUISITION OF PROPERTY <br /> Commission approved Resolution No. 3062 THROUGH THE ST.JOSEPH COUNTY TAX SALE IN <br /> THE NOT-TO-EXCEED AMOUNT OF$30,100(15 10 <br /> related to acquisition of property through the S.TAYLOR, 1526 PRAIRIE AND VACANT LOT ON <br /> St. Joseph County Tax Sale in the not-to- S. SCOTT). <br /> exceed amount of$30,100 (15 10 S. Taylor, <br /> 1526 Prairie and vacant lot on S. Scott). <br /> 19 <br />