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� � � �� . . �4�pUTb O"�AIi�I�I;J��'1'Q �� /�. ��,�,. '%e Community & Economic Development �'� ��'�.� � �ecs ' 1200 County-City Building, 227 West Jefferson,South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 To: Redevelopment Commission From: David Relos, Economic Development Planner� Subject: 2010 Tax Sale Acquisition — Quiet Title Action Professional Services Agreement— Heppenheimer & Korpal Date: March 08, 2011 At the March 2010 County Commissioner's tax sale, staff acquired 30 parcels. Seven of these parcels were redeemed within the legal redemption period, leaving 23 parcels which the Commission now has title to in the form of tax deeds. On March 19, 2010, the Commission approved a Professional Services Agreement with Heppenheimer& Korpal, to do title searches on, and provide Statutory Notices to, the owners and persons of interest of the parcels acquired at tax sale, in addition to prepare and file with the Court the Petition for Tax Title Deed and ultimately securing such deeds. The cost of this work was $500 per parcel. These 23 Commission owned parcels now need additional work in the form of: • filing of Sales Disclosure Forms (SDF) • Deeds recorded • Quiet Title Action (see attached) After discussions with Meridian Title, Meridian has determined that only 14 of the 23 parcels need a Quiet Title Action. The remaining 9 parcels only need SDF and deeds recorded. Costs to prepare the SDF and record deeds for the 9 parcels would be $100 each ($900 total). Cost for the 14 parcels are: • $750 per parcel for the Quiet Title Action • $156 per parcel Court filing fee for the Quiet Title Action • $40 per parcel recording fee (SDF and deed) Total cost for the 14 parcels is $13,244. Total cost for the full 23 parcels is $14,144. In addition, there will be publication costs associated with the Quiet Title Action. Once this process is completed, Meridian Title will issue the Commission title policies on these parcels, and the Commission can be assured of its ownership interest in them. What We Do Today Makes A Difference!