#2836- Deed; QUIT-CLAIM DEED Relase Property to City

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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: 1043 Burns Avenue Tax Key Number l 8-5099-3504 Lot 87 Hartman & Millers Addition This parcel is being sold under Indiana Code 36-1-11-5, where authority is granted 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. 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 33' wide by 118' long, a configuration that is not suitable for the construction of a new single family structure, but offers an opportunity to consolidate adjacent parcels that have common ownership; 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 $390.00 for property tax purposes. The Township assessor routinely assesses vacant City properties as commercial, regardless of the use or zoning of the property. 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, 1308 County -City Building, South Bend, Indiana, on or before: Monday September Publish Two (2) Times: August 31, 2001 September 7, 2001 20t� at 9:30 a.m. j ,%) BOARD OF PUBLIC WORKS Angela K. Jacob, Clerk