Opening of Bids - City Owned Property - 733 E. Indiana Ave.

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NOTICE TO BIDDERS SALE OF CITY -OWNED PROPERTY Notice is hereby given that the City of South Bend, Indiana, through its Board of Public Works, is offering for sale the following parcel of real estate located in South Bend, Indiana. Address: 733 E. Indiana Ave., South Bend, IN 46613 Parcel No. 018-7029-1141 Legal Description: Lot 53 & 6 X 40 Ft Sw Cor Lot 55 Indiana Ave Add This parcel is being sold under Indiana Code 36-1-11-5, where authority is granted to the Board of Public Works to sell abutting parcels of land to homeowners with properties in good standing, who may wish to acquire that property, all in the best interests of the City. The Board of Public Works has determined that the highest and best use of the property is its sale to an abutting land owner — the parcel is approximately 0-0dcres, a configuration that appears to best be suitable for use by an abutting landowner which offers an opportunity to consolidate adjacent parcels that have common ownership; and the cost to the public of maintaining the tract over its lifetime equals or exceeds the estimated fair market value of the tract. The tract's assessed value is $1,100 for property tax purposes. Tracts with an assessed value less than $6,000.00 based on the most recent assessment of the tract are not required to be appraised. The minimum offering price is $ 750 Bidders will also be responsible for the cost of advertising, a sales disclosure form, transfer, and recording upon a successful negotiation and sale of the tract. The cost of advertising is estimated at $140.00, a sales disclosure form is estimated at $10.00, transferring is estimated at $5.00, and recording is estimated at $26.00. In compliance with Indiana Code 36-1-11-16, this parcel may not be sold to a person who owes delinquent taxes, special assessments, penalties, interest or cost directly attributable to a prior tax on a tract of real property listed under Indiana Code 6-1.1-24-1. An offer to purchase the parcel that is submitted by a trust must indentify each beneficiary of the trust and settler empowered to evoke or modify the trust. Bids to purchase said parcel must include price bid for the property plus an explanation of the bidder's intended use of the property and be received electronically at bpwbids@southbendin.gov on or before: August 25, 2020; 9:30 a.m. (Insert Date & Time Bids are due) BOARD OF PUBLIC WORKS Linda Martin, Clerk Publish Two (2) Times: T»lv 31 �7070 and August 71 7070 (Insert requested Publication Dates)