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RESOLUTION NO. 1381 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION APPROVING THE FAIR RENTAL VALUE OF <br />RETAIL SPACE IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA <br />WHEREAS, the retail space listed on the attached Exhibit "A" has been <br />appraised by qualified, independent, professional real estate appraisers and a written and <br />signed copy of the appraisals is contained in the Commission files; and <br />WHEREAS, each such appraisal has been reviewed by qualified <br />Redevelopment staff and no corrections, revisions, or additions were requested by such <br />review; and <br />WHEREAS, the reviewer has prepared a written report which indicates that <br />the appraisals are complete and consistent in the factual data contained therein, comply with <br />existing statutory and regulatory requirements and are acceptable for the determination of fair <br />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, that <br />based upon such appraisals and the review thereof, the fair rental value for the lease of the <br />retail space listed in Exhibit "A ", attached hereto and made a part hereof, is established as <br />shown thereon and all documentation related to such determination is contained in the <br />Commission files. <br />Adopted at the Regular Meeting of the South Bend Redevelopment Commission held on the <br />20th day of October, 1995, in Room 1308 County -City Building, 227 West Jefferson <br />Boulevard, South Bend, Indiana 46601. <br />ATTEST: <br />Robert Hunt, Secretary <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />te�, 9M, President <br />