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RESOLUTION 2194 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />APPROVING THE FAIR MARKET VALUE OF PROPERTY IN THE SOUTH <br />BEND CENTRAL DEVELOPMENT AREA <br />WHEREAS, the property listed on attached "Exhibit A" has been appraised by <br />two qualified, independent, professional real estate appraisers and a written and signed <br />copy of their appraisals is contained in the Commission's files; and <br />WHEREAS, each such appraisal has been reviewed by qualified Redevelopment <br />staff and one correction was requested to reflect certain factual data, and upon further <br />review of appraisals as corrected, no further corrections, revisions, or additions were <br />requested by such review; 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 <br />fair 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, <br />that based upon such appraisals and the review thereof, the fair value for the re -use <br />indicated of the property listed in "Exhibit A ", attached hereto and made apart hereof, is <br />established as shown thereon and all documentation related to such determination is <br />contained in the Commission files. <br />Adopted at the regular meeting of the South Bend Redevelopment Commission held on <br />the 4th day of November, 2005 in Room 1308 of the County -City Building, 227 West <br />Jefferson Boulevard, South Bend, Indiana 46601. <br />,Attest: <br />Gregory S. Downes, Secretary <br />40 <br />City of South Bend, Indiana <br />Redevelopment CgRiqlission <br />ill G <br />Marcia I. Jon n President <br />