Request to Advertise - Sale of City-Owned Property - 407 Cottage Grove

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NOTICE TO BIDDERS SALE OF CITY -OWNED PROPERTY Notice is hereby given that the City of South Bend, Indiana, through its Board of Public Works, is offering for sale the following parcel of real estate located in South Bend, Indiana. Address: 407 Cottage Grove, South Bend, IN 46616 Parcel Noo....�,.,.. ..,. 18-1030-1352 g p Mid 42 1l2'Of Lot 16 Mid42 1l2' E 21.5' Lot 15 Fuerbringers 2nd Add Legal Description- __ This parcel is being sold under Indiana Code 36-1-11-5, where authority is granted to the Board of Public Works to sell abutting parcels of land to homeowners with properties in good standing, who may wish to acquire that property, all in the best interests of the City. The Board of Public Works has determined that the highest and best use of the property is its sale to an abutting land owner — the parcel is approximately 0.07 acres, a configuration that appears to best be suitable for use by an abutting landowner which offers an opportunity to consolidate adjacent parcels that have common ownership; and the cost to the public of maintaining the tract over its lifetime equals or exceeds the estimated fair market value of the tract. The tract's assessed value is $1800 for property tax purposes. Tracts with an assessed value less than $6,000.00 based on the most recent assessment of the tract are not required to be appraised. The minimum offering price is $1450 . Bidders will also be responsible for the cost of advertising, a sales disclosure form, transfer, and recording upon a successful negotiation and sale of the tract. The cost of advertising is estimated at $140.00, a sales disclosure form is estimated at $10.00, transferring is estimated at $5.00, and recording is estimated at $26.00. In compliance with Indiana Code 36-1-11-16, this parcel may not be sold to a person who owes delinquent taxes, special assessments, penalties, interest or cost directly attributable to a prior tax on a tract of real property listed under Indiana Code 6-1.1-24-1. An offer to purchase the parcel that is submitted by a trust must indentify each beneficiary of the trust and settler empowered to evoke or modify the trust. Bids to purchase said parcel must include price bid for the property plus an explanation of the bidder's intended use of the property and be received in the office of the Board of Public Works, 1316 County -City Building, South Bend, Indiana on or before: (Insert Date & Time Bids are due) BOARD OF PUBLIC WORKS Linda Martin, Clerk Publish Two (2) Times: (Insert requested Publication Dates)