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NOTICE TO BIDDERS <br />SALE OF CITY -OWNED PROPERTY <br />Notice is hereby given that the City of South Bend, Indiana, through its Board of Public <br />Works, is offering for sale the following parcel of real estate located in South Bend, <br />Indiana. <br />118 S. Chestnut St. <br />018-3075-2994 <br />This parcel is being sold under Indiana Code 36-1-11-5, where authority is granted to <br />the Board of Public Works to sell abutting parcels of land to homeowners with properties <br />in good standing, who may wish to acquire that property, all in the best interest of the <br />City. <br />The Board of Public Works has determined that the highest and best use of the <br />adjacent property is its sale to an abutting land owner — the parcel is approximately 0.08 <br />acres, a configuration that appears to best be suitable for use by an abutting landowner <br />which offers an opportunity to consolidate adjacent parcels that have common <br />ownership; and the cost to the public of maintaining this tract is estimated at $480.00 <br />per year. <br />The minimum calculated offering price is $2,620.00. Bidders will also be responsible for <br />the cost of advertising Title Insurance and recording upon a successful negotiation and <br />sale of the tract. The cost of advertising is estimated at $140.00, Title Insurance at <br />$150.00 and recording is estimated at $30.00. <br />This parcel may not be sold to a person who owes delinquent taxes, special <br />assessments, penalties, interest or cost directly attributable to a prior tax on a tract of <br />real property listed under Indiana Code 6-1.1-24-1. An offer to purchase the parcel that <br />is submitted by a trust must identify each beneficiary of the trust and settler empowered <br />to evoke or modify the trust. <br />Bids to purchase said parcel must include price bid for the property plus an explanation <br />of the bidder's intended use of the property and be received in the office of the Board of <br />Public Works, 1316 County -City Building, 227 West Jefferson Boulevard, South Bend, <br />Indiana on or before October 11, 2016, 9:30 a.m., local time. <br />BOARD OF PUBLIC WORKS <br />Linda Martin, Clerk <br />Publish Two (2) Times: <br />September 16, 2016 <br />September 23, 2016 <br />