No. 0552 approving fair market value of real estate and approving the reviewing appraiser's report in the Downtown Urban Area in Project IN R-66

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RESOLUTION NO. 552 11 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION GOVERNING BODY OF THE DEPARTMENT OF REDEVELOPMENT OF THE CITY OF SOUTH BEND APPROVING FAIR MARKET VALUE OF REAL ESTATE AND APPROVING THE REVIEWING APPRAISER'S REPORT IN THE DOWNTOWN URBAN AREA IN PROJECT IND. R -66 WHEREAS, the parcels of land listed on the attached Exhibit "A" have been appraised by two qualified, independent, professional real estate appraisers and a written and signed copy of the appraisal is contained in the Local Public Agency files; and WHEREAS, each such appraisal has been reviewed by Ralph C. Michaels, M.A.I., S.R.E.A. and all corrections, revisions or additions requested by such review have been duly made by the original appraiser, 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 administrative requirements of the U.S. Department of Housing and Urban Development and are acceptable for the determination of fair value. NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Commission, Governing Body of the City of South Bend, Department of Redevelopment, that based upon such appraisals and the review thereof, the fair value of the parcels listed in Exhibit "A" attached hereto and made a part hereof is established as shown in the reviewer's said written report and all documentation related to such determination is contained in the local Public Agency files. Adopted at the Regular Meeting of the South Bend Redevelopment Commission, held on May 19, 1978, in the Office of the Commission, Room 1200, County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. ATTEST: g//- A. Peter Donal so Secretary CITY OF SOUTH BEND, INDIANA DEPARTMENT OF REDEVELOPMENT F. a Nimtz, Pres dent