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� c. (_-? ) youT Community & Economic Development 1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 To: Redevelopment Commission From: David Relos, Economic Development Planner Subject: Administrative Settlement for the acquisition of 1521 S. Kemble Date: December 13, 2011 This is the staff report for the administrative settlement that is needed for the acquisition of 1521 S. Kemble. According to the Uniform Relocation Act, an administrative settlement is authorized in cases where an additional payment is necessary to acquire a property. On October 25, 2011, the Commission approved Resolution No. 2946, setting the offer price for this property at $45,500, which is its average appraised value. Staff has been working with the property owner since that time, to reasonably reach an agreement to acquire this property and relocate her and her son. This property is a large duplex, each with two bedrooms and one bath. It was purchased in 2004 for $85,000, from proceeds of a settlement from the minor child's father's death. Under our relocation policy, an additional $13,500 is eligible as a housing replacement payment to move this property owner into a decent, safe, and sanitary home. The owner and her son have found another home, but an administrative settlement of $10,900 is needed to purchase it ($45,500 acquisition cost + $13,500 housing replacement payment + $10,900 administrative settlement = new home's price of $69,900). Two houses in the same immediate area (one next door and one across the street) were acquired for $65,000. Staff feels this administrative settlement is reasonable compared with other acquisitions in this area, and requests your approval of the administrative settlement to allow for the acquisition of this property and the owner's relocation. What We Do Today Makes A Difference!