2 Minutes 06-16-13 Meeting - Laserfiche WebLink

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South Bend Redevelopment Commission Regular Meeting —June 26, 2013 6. NEW BUSINESS B. Airport Economic Development Area (4) continued... Staff believes the administrative settlement of $90,500 ($140,000 less acquisition costs of $49,500) for these properties is reasonable, in light of relocation costs that would have been incurred, and requests approval to allow the acquisition of these properties. Ms. Schey asked whether an environmental assessment of the property will show that it is clean. Mr. Relos responded that it will. Upon a motion by Mr. Downes, seconded by Ms. Schey and unanimously carried, the Commission approved the Administrative Settlement for acquisition of property in the amount of $140,000 in the Airport Economic Development Area for 913 — 915 W. Indiana Ave. and 1522 Prairie) (5) Staff report on Administrative Settlement for acquisition of property in the Airport Economic Development Area (1505 S. Kendall) Mr. Relos noted that 1505 S. Kendall St., owned by Darrel Austin, is one of the remaining properties to be acquired between Scott and Kemble Streets in the Ignition Park South Expansion Area. According to the Uniform Relocation Act, an administrative settlement is authorized when negotiations exceed the market value of the property and are necessary for its acquisition. On May 30, 2013 the Commission approved Resolution No. 3142, setting the acquisition offering price for this property at $26,250, the average of two independent appraisals of the real estate and improvements. The property contains two 4,960 square foot lots: one is a parking lot; the other contains a 1,820 square foot building which operates as a bar / adult cabaret (Centerfolds). Per the City's zoning ordinance. an adult cabaret is a permitted use only in a General Industrial area, and further restricts their operation within 500 feet of a residentially zoned area, church, or school. To relocate this business, another building that could accommodate it would need to be found, and that building brought up to current building and fire codes. In addition, actual moving costs would be incurred. Current restaurant / bars that are on the market range from $269,000 to $375,000 and up; none of these listings are in a General Industrial zoned area of the city. After three years of ongoing efforts to acquire and relocate this business, the property owner has agreed to a lump sum payment of $350,000. It will then be his responsibility to find another location, if possible. 0'