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393 <br />REGULAR MEETING <br />DECEMBER 3, 1990 <br />WHEREAS, I.C. 36-1-10-11 authorizes the sale by the Board of <br />real property such as the real property at 1045 W. Sample in <br />order to facilitate the lease -purchase of a remodeled and <br />expanded version of a structure located on that property, but <br />limits the Board from selling the property for less than <br />appraised value of that property; and <br />WHEREAS, I.C. 36-1-10-11 requires the appointment of two (2) <br />appraisers professionally engaged in making appraisals or <br />licensed pursuant to I.C. 25-34.1 to appraise the fair market <br />value of the property to be sold; and <br />WHEREAS, Jerome Michaels and R.E. McCloskey and Associates, <br />professionally engaged in the making of appraisals have appraised <br />the property at 1045 W. Sample within the past three (3) months, <br />which appraisals were filed with and accepted by the Board; and <br />WHEREAS, the Board has determined that it is in the best <br />interest of the Board and of the City, that the Board ratify the <br />appraisals of the property at 1045 W. Sample Street previously <br />prepared by Jerome Michaels and R.E. McCloskey and Associates and <br />which were filed with the Board on August 27, 1990 for purposes <br />of I.C. 36-1-10-11 <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS OF <br />THE CITY OF SOUTH BEND, INDIANA, that the appraisals of the <br />property at 1045 W. Sample Street previously prepared by Jerome <br />Michaels and R.E. McCloskey Associates and filed with the Board <br />on August 27, 1990 shall be, and hereby are, ratified and <br />accepted as sufficient for purposes of I.C. 36-1-10-11. <br />This Resolution shall be in full force and effect from and <br />after its adoption. <br />Adopted this 3rd day of December, 1990. <br />BOARD OF PUBLIC WORKS <br />CITY OF SOUTH BEND, INDIANA <br />s/John Leszczynski <br />s/Katherine Humphreys <br />s/Patricia E. DeClercq <br />ATTEST: <br />s/Sandra M. Parmerlee, Clerk <br />CHANGE IN MEETING DATE <br />There being no objections by members of the Board, the regular <br />meeting of the Board set for Monday, December 24, 1990 was moved <br />to Wednesday, December 26, 1990 at 3:00 p.m. <br />ADJOURNMENT <br />There being no further business to come before the Board, upon a <br />motion made by Mr. Leszczynski, seconded by Mrs. DeClercq and <br />carried, the meeting adjourned at 9:58 a.m. <br />J Leszczy sXf <br />_�' f <br />ZL L6� — <br />Patricia E. DeClprcq 1 <br />AT ST: <br />Sandra M. Parmerlee, Clerk <br />