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South Bend Redevelopment Commission <br />Regular Meeting -June 5, ?009 <br />6. NEW BUSINESS (CONT.) <br />B. South Bend Central Development Area <br />(2) continued... <br />withdrawn. <br />Up011 a ITlotlon by Ml'. Val-nel', Seconded by COMMISSION WITHDREW ITEM 6.C(2). <br />Ms. King and unanimously carried, the <br />Commission withdrew item 6.C.(2). <br />(3) Purchase Agreement for Ziolkowski <br />properties. <br />Mr. Relos noted that on May 1 the <br />Redevelopment Commission approved a <br />purchase plan for the Ziolkowski properties <br />which set the purchase and relocation <br />amounts at a total value not to exceed <br />$1,810,800. The properties being purchased <br />include several properties in the block <br />bounded by Sample, Lafayette, Broadway <br />and Franklin. The acquisition will facilitate <br />the Transpo relocation to Ignition Park. The <br />purchase agreement covered all the <br />properties. <br />Todav ~~e're asking to split the purchase <br />agreement into two separate transactions, one <br />purchasing from Ziolkowski Properties LLC <br />and one from B & C Properties LLC, a real <br />estate holding company established by <br />Ziolkowski to hold the new property site, the <br />former PEI Genesis building on Bendix. The <br />total price for the property has not changed. <br />The purchase agreement with Ziolkowski <br />Properties pays X588,780 for everything <br />except the parcel at the southeast corner of <br />Franklin and Sample. The parcel at Franklin <br />and Sample will be transfei-~-ed to B & C <br />15 <br />