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South Bend Redevelopment Commission <br />Regular Me ting - January 16, 1981 <br />6. NEW BUSINESS <br />c. Mrl McMahon continues... <br />ca <br />culated. It is not arbitrary by us, it is con- <br />sistence <br />with what they would do when they are making <br />a <br />calculation. I think there are a number of factors <br />we <br />may or may not add in and this specifies it. <br />Mr <br />Butler: Under the second item, is that related to <br />ap <br />raised value? <br />Mr;. <br />Baumgartner: Yes. <br />Mr <br />Butler: How is that appraisal made. We don't <br />hi <br />,e appraisers do we? <br />Mr;. <br />Baumgartner: Yes, we have a number of appraisers <br />that <br />do work for the Bureau.;. I believe we pay $55.00 <br />ea <br />h. There is an option that the Bureau could per - <br />fo <br />m these appraisals themselves and not really absorb <br />th <br />se costs, but we have no one who is qualified and <br />we <br />felt it was better to have outside appraisers. <br />Mr <br />McMahon: The volume does not justify bringing a <br />pe <br />son on board at this point. <br />Ms <br />Auburn: It also seems like obtaining the outside <br />ap <br />raisal might be a check and balance to the depart - <br />me <br />t . <br />COMMISSION APPROVAL OF <br />Ms <br />Auburn made a motion to approve the policies re- <br />LOCAL POLICIES RELATING <br />la <br />ing to Section 312 Underwriting Standards. The <br />TO SECTION 312 UNDER - <br />mo <br />ion was seconded by Mr. Cira and unanimously -: -. :':WRITING <br />STANDARDS <br />ca <br />ried. <br />d. Commission requested to amend the awarding of con- <br />tracts previously approved on December 5, 1980, per <br />the request of the Bureau of Housing. <br />Mr. McMahon: It has been determined by the Legal <br />De artment that in the case of these contracts that <br />it was not and is not necessary to go before the <br />Co mon Council for their approval. I believe Ann <br />anJ Kathy can expand on that. It is only necessary <br />that they be approved pending legal review. <br />Mr Nimtz: Kathy, would you like to give us the <br />ba kground? <br />10 <br />