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RESOLUTION NO. 1826 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION APPROVING THE FAIR RE -USE VALUE OF <br />PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA <br />WHEREAS, the property listed on the attached Exhibit "A" has been appraised by two <br />qualified, independent, professional real estate appraisers and a written and signed copy of their <br />appraisals is contained in the Commission files; and <br />WHEREAS, each such appraisal has been reviewed by qualified Redevelopment staff and no <br />corrections, revisions, or additions were requested by such review; and <br />WHEREAS, the reviewer has prepared a written report which indicates that the appraisals are <br />complete and consistent in the factual data contained therein, comply with existing statutory and <br />regulatory requirements and are acceptable for the determination of fair value. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission, <br />Governing body of the City of South Bend Department of Redevelopment, that based upon such <br />appraisals and the review thereof, the fair value for the re -use indicated of the property listed in <br />Exhibit "A ", attached hereto and made a part hereof, is established as shown thereon and all <br />documentation related to such determination is contained in the Commission files. <br />Adopted at the rescheduled special meeting of the South Bend Redevelopment Commission <br />held on the 26`h day of February, 2001 in Room 1308 County -City Building, 227 West Jefferson <br />Boulevard, South Bend, Indiana 46601. <br />ATTEST: <br />Philip J. Fa td , S cretary �— <br />CITY OF SOUTH BEND, INDIANA <br />REDEVELOPMENT COMMISSION <br />Robert W. Hunt, President <br />