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C~ ~S (r~ <br />~ ~ .,,~SpU TN 6F .. <br />I ~ %p <br />~~\ t % e <br />Community & Economic Development ~r `'~~'~,~' <br />Bess <br />1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 <br />To: South Bend Redevelopment Commission <br />From: Matthew Sikora, Economic Development Planner~,ti 7 <br />Subject: Resolution No. 2817 <br />Date: January 14, 2011 <br />Attached is Resolution No. 2817 which sets the fair market value for the property referred to <br />as Ignition Park Disposition Parcels. The property is located in the SE Quadrant Prairie <br />Avenue /Sample Street in the Airport Economic Development Area. The entire property is <br />approximately 87 acres and its uses are defined under the "Ignition Park PUD Zoning <br />Ordinance." <br />The proposed fair market value of the property as derived at by two independent MAI <br />appraisals is the following: <br />2.0 - 5.0 acre lots <br />5.1 - 10.0 acre lots <br />10.1 acre lots and larger <br />$26,250 /acre <br />$24,500 /acre <br />$23,625 /acre <br />Staff requests approval of Resolution No. 2817. <br />What We Do Today Makes A Difference! <br />