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Page 1 of 1 <br />Angie ,Jacob - re 225 Donald <br />Fron3: <br />George Adler <br />To: <br />Thomas Bodnar <br />Date: <br />8/18/2006 8:44 AM <br />Subject: <br />re 225 Donald <br />CC: <br />Angie Jacob; Marco Mariani <br />Toni. <br />This is 111 reference to your email -regarding the vacant City -owned lot next to 225 Donald for which Mr. Hal <br />We,l (225 Donald) submitted a bid at the Aug 14 BPW meeting. <br />The Division of Community Development addresses the issues you raise for each property that goes up for bid, <br />1-coarding "highest and best use," cost of maintaining the lot versus fair market value, and whether or not it is <br />economically unjustifiable to sell the tract through the regular bidding process. Attached is the price sheet used <br />f6i, 2125 Donald, which should answer any questions about this lot. <br />We have made the determination that the best approach for the City is to sell the lot to Mr. West, the sole bidder, <br />for S500. <br />Ifvou have any other questions about this, please contact me. Thanks. <br />Oildlk r'4southbendin.gov <br />phone: 5879 <br />il�:fiC:`,f )�cuments and Settings\AJACOB\Local Settings\Tennp\GW)OOOOI .HTM 8/18/2006 <br />