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�- IN Spt1Tli.0 <br />Community & Economic Development <br />Division of Community Development <br />l865 <br />1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 ♦ Phone 574219/235-9660 ♦ Fax 574219/235-9697 <br />To: Angela Jacob A <br />From: Larry Magliozzi l 1�0� <br />Subject: Request of South Bend Heritage Foundation <br />•• J <br />1010 W. Jefferson; Key Number 19-3068-2647 <br />Date: January 23, 2004 <br />On January 22, 2004, South Bend Heritage Foundation submitted a request to the City of <br />South Bend to ACQUIRE the above -noted property. <br />The property in question has an existing home: <br />- Two story, two bedroom home, with basement <br />- 1,450 square feet gross living space <br />- 4,565 square foot lot <br />- Outstanding Loan Amount: $54,284.26 <br />- rehab estimate: @ $10,000 <br />Note: 1. On December 25, 2003, the house next to 1010 Jefferson caught fire and caused <br />approximately $3, 000 damage to 1010 Jefferson. <br />2. About the first week in February, 1010 Jefferson was broken into and the copper water lines <br />in the basement were removed, causing approximately $800 worth of damage. <br />The current offer of South Bend Heritage Foundation is for $30,000. 1 would recommend <br />that the house be offered to South Bend Heritage Foundation for a sale price not to exceed <br />$30,000. Their organization is in a better position to place the house back in productive <br />use sooner than any other program currently available. <br />If you have any questions, please call. <br />F:IDATAIS}TARE\Dpnd\[AndUsc%CityPropenjes\JefFerson 1010.%vpd <br />