RM 09-17-76 - Laserfiche WebLink

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6. NEW BWSINESS (Cont'd . Brownell advised we have gone ahead with the award, the ntractor has done the work, and we are now seeking Commission proval at this meeting for the contract. M tion was made by Mr. Wiggins, seconded by Mr. Cira and carried, f r post approval to award Demolition and Site Clearance Contract 3 -A, to the low bidder, Ritschard Bros., Inc., in bid amount of $ ,246.74, and the President and Secretary also authorized to e ecute said Contract, subject to Legal Counsel approval, R -66. b. Resolution No. 534 and Proclaimer Certificate No. 10, Project I liana R -66: Commission approval was requested of the Reviewing A praiser's Report of the Fair Re -Use Value for the eighteen (18) disposition parcels in the Central Downtown area, Indiana Project R-66. Mr. Brownell advised we have the report from.the Reviewing Ap- praiser, Real Estate Research Corporation, our consultants. Mr. Nicholas C. Jannotta is Executive Vice President of the firm. He is an M.A.I. and C.R.E., as is Mr. Joseph M. West, and both of these appraisers reviewed the appraisals. Resolution No. 534 approves the fair Re -Use Value of the land and approves the Reviewing Appraiser's Report in the Downtown Urban Area in Project Indiana R -66. The parcels are noted on Exhibit "A" attached to the Resolution and made a part thereof, is esta- blished as shown thereon and all documentation related to such determination is contained in the Local Public Agency files. Proclaimer Certificate No. 10, relative to establishment of Fair Re Use Value, is also attached thereto, and authorization is re- quested for the Executive Director to execute said Proclaimer. Mr. Brownell requested adoption of Resolution No. 534, approving the values on the attached Exhibit "A." This is a confidential li t of the values that is not to be made public until later, as al appraisals are confidential. Mr. Dan Caesar, WSBT -TV Reporter, questioned why this information ca not be released, as these are the Re -Use Appraisals; he is aw re that the first appraisals are confidential. Mr. Brownell ad ised these appraisals are submitted to HUD on a confidential ba is and reviewed by them before we can release the information. Generally, this will do just what we expected and told the public be ore. The value of the land downtown was estimated approximately at 5 Million Dollars and it has been reduced to just under 2 -1/2 Million Dollars for the 18 parcels that we own in the downtown area. The Urgent Needs Funds we received for 2 -1/2 Million Dollars makes up for this gap. Ms. Jeanne Derbeck, South Bend Tribune Reporter, quipped: "So, in other words, it is half -price now." Motion was made by Mr. Wiggins, seconded by Mr. Cira and carried, fo the adoption of Resolution No. 534, and the Executive Director, Mr C. Wayne Brownell, be authorized to execute Proclaimer Certifi- ca a No. 10, with the attached Exhibit "A." RESOLUTION NO. 534 ADOPTED & PROCLAIMER CERTIFICATE NO. 10 AUTHORIZED, R-66