#2773- Deed; QUIT-CLAIM DEED 1522 Catalpa Raffs Third Addition

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NOTICE TO ADJACENT PROPERTY OWNERS 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: 1522 Catalpa Street Tax Key Number 18-8025-0999 Lot 55 Raff s 3rd Addition This parcel is being sold under Indiana Code 36-1-11-5, where authority is grar�tcd to the Board of Public Works to sell adjacent 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. You are receiving this notice as an adjacent property owner. The Board of Public Works has determined that the highest and best use of the adjacent property is its sale to an abutting land owner - the parcel is approximately 40' wide by 123.7' long, a configuration that is not suitable by and in itself for the construction of a new single family structure, but offers an opportunity to create additional yard space for an adjacent parcel that has very little; and that the cost to the public of maintaining the tract equals or exceeds the estimated fair market value of the tract - the tract's assessed value is $30.00 for property tax purposes, generally equaling $90.00 in estimated value. Tracts with an assessed value less than $2,000.00 based on the most recent assessment of the tract are not required to be appraised. The cost of mowing this tract is estimated at $82.00 per mow, at a minimum of 5 times per year, equaling $410.00 per year. The minimum offering price is $298.74. Bidders will also be responsible for the cost of advertising upon a successful negotiation and sale of the tract. The cost of advertising is estimated at $90.00. This parcel may not be sold to a person who could have redeemed the tract at a tax sale and who did not redeem the tract before a deed for the tract was issued to the County. An offer to purchase the parcel that is submitted by a trust must identify each beneficiary of the trust and settlor empowered to evoke or modify the trust. Bids to purchase said parcel must be received in the office of the Board of Public Works, 1309 County -City Building, South Bend, Indiana, on or before: Monday September 24, 2001, at 9:30 a.m. BOARD OF PUBLIC WORKS Angela K. Jacob, Clerk F:OATAISHAREIDpndlLH1AGL10ZILnndreselVACLOMVacant Lot Nolke-Owner Catalpa,wpd