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South Bend Redevelopment Commission <br />Regular Meeting - October 1, 1993 <br />6. NEW BUSINESS (Cont.) <br />a. continued... <br />not sure that would get covered by the <br />appraisal, if she keeps the receipts and the <br />information, we can discuss that on an <br />individual basis. But we can't relieve her of <br />a responsibility to a contractor who put in <br />windows for her. <br />JOCELYN POLACK: I'm Frank T. Polack's <br />daughter and have taken over my father's <br />agency along with Polack Realty. A <br />concern about these appraisals ... I know that <br />they are supposed to be done on an <br />individual basis, and yet with improvements <br />that go into the properties, even though you <br />can go ahead and give your billings to <br />appraisers and they can take that into <br />consideration, it doesn't mean that they will <br />be fully compensated, of course, for those <br />improvements, such as the windows in the <br />house over there. Along with the (I'm <br />assuming that appraisals are taken on market <br />comparables of homes in the area) and <br />whether it's this house that has had new <br />windows compared to the house that's had <br />new heating, how do you go about justifying <br />giving a little bit more to this home <br />compared to the house next door to it that's <br />just as nice, but possibly not having one of <br />those new additions to it? I mean, your <br />market analysis or your prices that you are <br />going to be getting these homes for all these <br />people here, have to be adjusted to being in <br />this same proximity of pricing to go ahead <br />and come out all comparable to what the <br />appraisals are going to come back with. <br />-19- <br />