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NOTICE TO ADJACENT PROPERTY OWNER <br />SALE OF CITY -OWNED PROPERTIES <br />Notice is hereby given that the City of South Bend, Indiana, through its Board of Public Works, is <br />offering for sale the following parcel of real estate located in South Bend, Indiana; <br />Key No. 18-8025-1023 <br />817 West Indiana Avenue <br />Lot 52 of Raff s 3`1 Addition <br />This parcel is being sold under Indiana Code 36-1-11-5, where authority is granted to the Board of <br />Public Works to sell adjacent parcels of land to homeowners with properties in good standing, who <br />may wish to acquire that property, all in the best interests of the City. You are receiving this notice <br />as an adjacent property owner. <br />The Board of Public Works has determined that the highest and best use of the adjacent properties <br />is its sale to an abutting land owner and offers an opportunity to create additional yard space for an <br />adjacent parcel that has very little, and that the cost to the public of maintaining the tract equals or <br />exceeds the estimated fair market value of the tract - tract's assessed value is $698.74 for property <br />tax purposes for Key No. 18-8025-1023. Tracts with an assessed value less than $2,000.00 based <br />on the mot recent assessment of the tract are not required to be appraised. <br />The mininnum offering price is $698.74. Bidders will also be responsible for the cost of advertising <br />upon a successful negotiation and sale of the tract. The cost of advertising is estimated at $90.00. <br />This parcel may not be sold to a person who could have redeemed the tract at a tax sale and who did <br />not redeem the tract before a deed for the tract was issued to the County. An offer to purchase the <br />parcel that is submitted by a trust must identify each beneficiary of the trust and settlor empowered <br />to evoke or modify the trust. <br />Bids to purchase said parcel must be received in the office of the Board of Public Works, 1316 <br />County -City Building, l 3"' Floor, South Bend, Indiana, on or before: <br />J:.nuary 12, 2004 at 9:30 a.m. <br />Board of Public Works <br />Publish Two (2) Times Angela K. Jacob, Clerk <br />December 12, 2003 <br />December 19, 2003 <br />