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South Bend R development Commission <br />Rescheduled Regular Meeting - October 23, 1981 <br />6. NEW BUSINESS (continued) <br />f. Commission designation <br />Parc lt'No 2'and "3'in <br />quested -for Disposition <br />e Monroe - Sample Development <br />Mrs. Kolata explained that this relates to two addi- <br />tional disposition parcels in the Monroe- Sample De- <br />velopment Area that we want to officially designate <br />as Disposition Parcel No. 2 and Disposition Parcel <br />No. 3. <br />Disp sition Parcel No. 2 will include Parcel Nos. <br />16-35, 16 -37, 16 -38 and 16 -39. Disposition Parcel <br />No. 3 will include Parcel Nos. 16 -34, 16 -34A and <br />16-31B. <br />On a motion made by Mr. Donaldson, seconded by Mr. <br />Cira and unanimously carried, Disposition Parcels <br />2 and 3 in the Monroe- Sample Development Area were <br />designated. <br />g. Commission approval requested for Resolution No. <br />6.47"_a0pr6Ving the fair market re -Ute ValUe of land <br />within the'Monroe -Sari le DeVelo ment Area. <br />Mrs. Kolata explained that Resolution No. 647 estab- <br />lishes the fair market re -use value of Disposition <br />Parcels No. 2 and 3. Disposition Parcel No. 2 con- <br />tains approximately 10,900 square feet, and Disposi- <br />tion Parcel No. 3 contains approximately 9,200 square <br />feet. They are both to be light industrial use and <br />they have re -use valuations of $50.00 and $125.00 <br />respectively. These re -use values are low because <br />of our plan to vacate George Avenue as well as the <br />alle s in the area, making access practically non - <br />exis ent. The cost associated with clearing the four <br />hous s located in Parcel No. 2 diminishes any value <br />that the land had. Parcel No. 3 is land - locked. <br />On a motion made by Mr. Cira, seconded by Mr. Donald- <br />son and unanimously carried, Resolution No. 647, <br />esta lishing the fair market re -use value of land <br />within the Monroe - Sample Development Area, was <br />appr ved. <br />7 <br />DISPOSITION PARCELS NO. <br />2 AND 3 IN THE MONROE- <br />SAMPLE DEVELOPMENT AREA <br />WERE DESIGNATED <br />RESOLUTION NO. 647, <br />ESTABLISHING FAIR MARKET <br />RE -USE VALUE OF DISPOSI- <br />TION PARCELS NO. 2 AND <br />3 APPROVED <br />