No. 1608 approving the fair re-use value of property in the SBCDA

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Y RESOLUTION NO. 1608 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING THE FAIR RE -USE VALUE OF PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA WHEREAS, the property listed on the attached Exhibit "A" has been appraised by two qualified, independent, professional real estate appraisers and a written and signed copy of their appraisals is contained in the Commission files; and WHEREAS, each such appraisal has been reviewed by qualified Redevelopment staff and no corrections, revisions, or additions were requested by such review; and WHEREAS, the reviewer has prepared a written report which indicates that the appraisals are complete and consistent in the factual data contained therein, comply with existing statutory and regulatory requirements and are acceptable for the determination of fair value. NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Commission, Governing Body of the City of South Bend Department of Redevelopment, that based upon such appraisals and the review thereof, the fair value for the re -use indicated of the property listed in Exhibit "A ", attached hereto and made a part hereof, is established as shown thereon and all documentation related to such determination is contained in the Commission files. Adopted at the Regular Meeting of the South Bend Redevelopment Commission held on the 5th day of June, 1998, in the Office of the Redevelopment Commission, Room 1200 County - City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. Z ATT T: ' - , ;6�"' Eug 'a Schwartz, Secretary Res 1608 CITY OF SOUTH BEND, INDIANA REDEVELOPMENT COMMISSION Robert W. Hunt, President