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r: llk, <br />RESOLUTION NO. 716 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />to APPROVING THE FAIR RE -USE VALUE OF LAND AND <br />IMPROVEMENTS TO BE CONSTRUCTED THEREON IN THE <br />CENTRAL DOWNTOWN URBAN RENEWAL AREA <br />WHEREAS, the parcel of land with improvements to be <br />constructed thereon listed on the attached Exhibit "A" has been <br />appraised by two qualified, independent, professional real estate <br />appraisers and a written and signed copies of the appraisals are <br />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 <br />requested by such review; and <br />WHEREAS, the reviewer has prepared a written report which <br />indicates that the appraisals are complete and consistent in the <br />factual data contained therein and comply with existing statutory and <br />regulatory requirements; and <br />WHEREAS, the reviewer has prepared an addendum to the <br />written report which indicates additional bases for determination of <br />fair value of the land and improvements thereon, under the circum- <br />stances of this redevelopment activity. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend <br />Redevelopment Commission, Governing Body of the City of South Bend <br />Department of Redevelopment, that based upon such appraisals, the <br />review thereof, and the addendum thereto, the fair value for the <br />re -use indicated of the parcel and the improvements to be constructed <br />thereon, to wit, a parking garage, listed in Exhibit "A ", attached <br />hereto and made a part hereof, is established as shown thereon and <br />all documentation related to such determination is contained in the <br />Commission files. <br />Adopted at the Special Meeting of the South Bend <br />Redevelopment Commission held on the 31st day of August, 1984, in the <br />office of the Redevelopment Commission, Room 1200, County -City <br />Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. <br />CITY OF SOUTH BEND, INDIANA <br />REDEVELOPMENT COMMISSION <br />ATTEST: <br />""-? '. %A ift t�' <br />Ce �X� X <br />Roman Piasecki, Assistant Secretary <br />