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South Bend Redevelopment Commission <br />1Zegular Meeting -June 5, 2009 <br />6. NEW BUSINESS (CONT.) <br />B. South Bend Central Development Area <br />(3) continued... <br />Properties to allow for a mechanism to <br />transfer the remainder of the land acquisition <br />and relocation funds directly to the relocation <br />and purchase of the PEI Genesis property. <br />The purchase agreement with B & C <br />Properties pays $2,000 for the parcel at the <br />southeast coi-~ier of Franklin and Sample and <br />the $320,020 previously directed to the site <br />land value will be added to the relocation <br />value of 5900,000. Staff requests approval of <br />this modification and the new purchase <br />agreements. <br />Upon a motion by Ms. King, seconded by <br />Mr. Varner and unanimously can-ied, the <br />Commission modified the terms of the <br />Purchase Agreement for the Ziolkowski <br />properties and approved a Purchase <br />Agreement with B R C Propel-ties LLC. <br />D. West V1'ashington-Chapin Development Area <br />There was no business in the West Washington- <br />Chapin Development Area. <br />E. South Side Development Area <br />There was no business in the South Side <br />Development Area. <br />F. Northeast Neighborhood Development Area <br />There was no business in the Northeast <br />Neighborhood Development Area. <br />COMMISSION MODIFIED THE TERMS OF THE <br />PURCHASE AGREEMENT FOR THE ZIOLKOWSIU <br />PROPERTIES AND APPROVED A PURCHASE <br />AGREEMENT WITH B c~ C PROPERTIES LLC <br />16 <br />