RM 10-23-81 - Laserfiche WebLink

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