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-4 ,µ =_ <br />RESOLUTION NO. 1575 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION APPROVING THE FAIR RE -USE VALUE OF <br />PROPERTY IN THE SAMPLE -EWING 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 <br />their appraisals is contained in the Commission files; and <br />WHEREAS, each such appraisal has been reviewed by qualified Redevelopment staff and <br />no corrections, revisions, or additions were requested by such review; and <br />WHEREAS, the reviewer has prepared a written report which indicates that the appraisals <br />are complete and consistent in the factual data contained therein, comply with existing statutory <br />and 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 <br />such appraisals and the review thereof, the fair value for the re -use indicated of the property <br />listed in Exhibit "A", attached hereto and made a part hereof, is established as shown thereon <br />and all documentation related to such determination is contained in the Commission files. <br />Adopted at the Regular Meeting of the South Bend Redevelopment Commission held on the <br />6th day of February 1998 in Room 1308 County -City Building, 227 West Jefferson Boulevard, <br />South Bend, Indiana 46601. <br />CITY OF SOUTH BEND, INDIANA <br />REDEVELOPMENT COMMISSION <br />X z" � <br />Robert W. Hunt, President <br />ATTEST: <br />Paula N. Auburn, Secretary <br />VU:Res1575 <br />