BEDFORD – The Bedford Redevelopment Commission finalized the purchase of the Aldi Building and services rendered for legal services rendered to adjust for the economic development area.
During the process of adjusting the economic development area to include the Aldi building for the new police department, the city received legal services from Barnes & Thornburg in Indianapolis. The payment of $3,060.00 was handled on February 25th and was accepted by the commission.
The next item on the agenda was the wire transfer payment of $803,334.03 to Fidelity National Title Insurance Company on March 8th to complete the purchase of the Aldi building located at 2308 16th Street. This amount includes a $20,000 payment in earnest money, and additional payments for taxes within the purchase.
Bedford Mayor Sam Craig said that the process has already begun in renovating the building for the new police department, which is set to be a state-of-the-art facility, that will hopefully bring in more interest in employment with the department.
“We will provide monthly updates to the Redevelopment Commission on how the remodeling of the building is going and will receive bids on the cost of the remodeling project,” said Mayor Craig.
The last request was to accept a work agreement with Baker Tilly to handle TIF Management Services which will be set at an hourly rate that will alternate, depending on the individual who is assisting with the city that day. This was approved by the commission before adjourning.
