No. 0695 approving the fair re-use value of land in the Central Downtown Urban Renewal Area (commercial)

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- i RESOLUTION NO. 695 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING THE FAIR RE -USE VALUE OF LAND IN THE CENTRAL DOWNTOWN URBAN RENEWAL AREA WHEREAS, the parcel of land listed on the attached Exhibit "A" has been appraised by two qualified, independent, professional real estate appraisers and a written and signed copy of the appraisal 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 determina- tion of fair value. NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelop- ment Commission, Governing Body of the City of South Bend Depart- ment of Redevelopment, that based upon such appraisals and the review thereof, the fair value for the re -use indicated of the parcel listed in Exhibit "A ", attached hereto and made a part hereof, is established as shown thereon and all documentation re- lated to such determination is contained in the Commission files. Adopted at the Regular Meeting of the South Bend Redevelop- ment Commission held on the 13th day of January, 1984 in the Office of the Redevelopment Commission, Room 1200, County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. ATTEST: A. Peter onaldson, Secretary CITY OF SOUTH BEND, INDIANA REDEVELOPMENT COMMISSION tz, 'President