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South Bend edevelopment Commission <br />Regular Mee ing - January 2, 1981 <br />b. Mr.l Sweeney continues.... <br />in matters where we -have had controversy <br />on closings on property that we took by <br />eminent domain the independent appraisals <br />by the people who own the property came <br />very close to what these people had appraised. <br />Mr. Cira: That is what I wanted to know. I <br />know that if I were the owner I would have my <br />own appraiser come in. I'm not saying that <br />they are doing anything wrong, I just wanted <br />to know how you go about it. <br />Mr. Nimtz: It's a matter of professional in -. <br />to rity, in that Charlie and I can be on opposite <br />si es of a case and know a certain thing, yet we <br />car go out and have lunch together, which a client <br />ne er understands, and be good friends and yet <br />ne I- <br />ctive r reveal situations concerning our own re <br />sp sides of the fence. <br />Mrs. Kolata: I would point out that the fair <br />market value as determined by this Proclaimer is <br />thE average of those twcr appraisals on each piece <br />of property. We simply add them together and <br />divide them by two, so we don't feel that there <br />is any large discrepancy between any of them. <br />Th t was one of the things that was looked at <br />in the review. <br />Mr. Nimtz: A lot of it, I would say, as Chuck <br />says, is experience. They have been in this <br />fi ld a long time. Mr. Gettel is from out of <br />town but has done a lot of this work, not only <br />here, but in other places, and he is well ex- <br />q fenced and I think we have two very well <br />qu lifed people. <br />Do I hear a second to the adoption of Resolution <br />Nod 631. <br />Mr� Cira seconded the motion and it was unani- <br />mo sly carried. <br />d. Co fission approval requested for Executive <br />Director to execute Proclaimer Certificate No. <br />1_ Pstnhlishim the fair market value for 'aro- <br />-8- <br />