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NOTICE TO BIDDERS <br />SALE OF CITY -OWNED PROPERTY <br />Notice is hereby given that the City of South Bend, Indiana, through its Board of Public Works, is <br />offering for sale the following parcel of real estate located in South Bend, Indiana: <br />901 E. Miner St.: <br />Parcel No. 018-5026-0920 <br />Legal Description: Lot 25 Lederer & Longleys Sub <br />This parcel is being sold under Indiana Code 36-1-11-4, where authority is granted to the Board of Public <br />Works to sell parcels of land to property owners in good standing, who may wish to acquire that property, <br />all in the best interests of the City. <br />The Board of Public Works has determined the best use of the property is its sale to the highest and best <br />bidder. The parcel is approximately 00.10 acres. The cost to the public of maintaining the tract over its <br />lifetime equals or exceeds the estimated fair market value of the tract. The tract's assessed value is <br />$6,000.00 for property tax purposes. The average of two appraisals conducted for the tract is $13,000.00. <br />The minimum calculated offering price is $12,650.00. Bidders will also be responsible for the cost of <br />appraisals, advertising, a sales disclosure form, transfer, and recording upon a successful negotiation and <br />sale of the tract. The cost of two appraisals is $575.00, the cost of advertising is estimated between 40.00 <br />and $90.00, a sales disclosure form is estimated at $10.00, transferring is estimated at $5.00, and recording <br />is estimated at $25.50. <br />This parcel may not be sold to a person who owes delinquent taxes, special assessments, penalties, interest <br />or cost directly attributable to a prior tax on a tract of real property listed under Indiana Code 6-1.1-24-1. <br />An offer to purchase the parcel that is submitted by a trust must identify each beneficiary of the trust and <br />settler empowered to evoke or modify the trust. <br />Bids to purchase said parcel must include bid amount for the property plus an explanation of the bidder's <br />intended use of the property and be received in the office of the Board of Public Works, Ste. 1316, 227 W. <br />Jefferson Blvd., South Bend, Indiana 46601 on or before: <br />December 19, 2019 at 10:30 a.m. <br />BOARD OF PUBLIC WORKS <br />Linda Martin, Clerk <br />Publish Two (2) Times: <br />November 29, 2019 <br />December 6, 2019 <br />