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('o C ()) <br />Community & Economic Development <br />1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 <br />To: Redevelopment Commission <br />From: David Relos, Economic Development Planner <br />Subject: Administrative Settlement for acquisition of 1511 S. Kemble Ave. <br />Date: September 27, 2011 <br />This is a staff report for an administrative settlement that is needed for the acquisition of <br />1511 S. Kemble Avenue. According to the Uniform Relocation Act (Act), an administrative <br />settlement is authorized in cases where an additional payment is necessary to acquire a <br />property. <br />On September 27, 2011, the Commission approved Resolution No. 2942, which authorized <br />the purchase of this property based upon its average appraised value of $24,250. Staff has <br />been working with the property owner, within the acquisition and relocation sections of the <br />Act, to reasonably reach an agreement to acquire this property. <br />Approximately $17,500 additional is needed to pay off a 2005 mortgage and gain clear title <br />to this property. Under the Act, an administrative settlement is authorized, though not <br />required, in cases such as this. However, to acquire this particular property and gain clear <br />title to it, the Act does authorize this payment. <br />Staff feels the total approximate acquisition cost of $41,750 is reasonable for this property, <br />in light of its size, condition, and amenities, and requests your approval of the administrative <br />settlement needed to allow the acquisition of this property. <br />What We Do Today Makes A Difference! <br />