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RESOLUTION NO. 2797 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION APPROVING THE FAIR MARKET VALUE OF <br />PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA. <br />WHEREAS, the property identified at Exhibit "A" attached hereto and incorporated <br />herein has been appraised by two qualified, independent, professional real estate appraisers <br />and a written and signed copy of their appraisals is contained in the Commission's files; and <br />WHEREAS, each such appraisal has been reviewed by a qualified Redevelopment staff <br />person and no corrections, revisions, or additions were requested by such reviewer; and <br />WHEREAS, the reviewer has prepared a written report which indicates that the <br />appraisals are complete and consistent in the factual data contained therein, comply with <br />existing statutory and regulatory requirements and are acceptable for the determination of fair <br />market value. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission, governing body of the City of South Bend Department of Redevelopment, that <br />based upon such appraisals and the review thereof, the offering price of the property described <br />at Exhibit "A" is hereby established as stated therein and all documentation related to such <br />determination is contained in the Commission's files. <br />ADOPTED at a meeting of the South Bend Redevelopment Commission held on <br />November 2, 2010, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, <br />Indiana 46601. <br />CITY OF SOUTH BEND <br />DEPARTMENT OF REDEVELOPMENT <br />South Bend Redevelopment Commission <br />ATTEST: <br />South Bend Redevelopment Commission <br />