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Resolution No. 2179 <br />Resolution of the South Bend Redevelopment <br />Commission Approving the Fair Rental Value of the Retail <br />Space in the South Bend Central Development Area <br />(117 S. Michigan St.) <br />WHEREAS, the retail space listed on the attached Exhibit `A' has been appraised by <br />qualified, independent, professional real estate appraisers (2) and a written and signed <br />copy of the appraisals is contained in the Commission file; and <br />WHEREAS, each such appraisal has been reviewed by qualified Redevelopment Staff <br />and no corrections, revisions, or additions were requested by such reviewers; 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 <br />with existing statutory and regulatory requirements and are acceptable for the <br />determination of fair rental 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 retail space listed in Exhibit "A ", attached hereto and made a part 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 <br />on the 19th day of Agust, 2005 in Room 1308 County -City Building, 227 West Jefferson <br />Blvd., South Bend, IN 46601. <br />C7 <br />MSSRetail.doc <br />