#2950- Deed; WARRANTY DEED Parcel “A” Beginning At SE Corner Of Lot 166 Then W Along S Line Of Lot 166 For 122’ Then NE To A Point On The North Line Of Lot 166 And 69’ W Of The NE Corner Of Lot 166 (Part 2)

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APPRAISAL REVIEW ADDRESS: 313 Broadway South Bend, IN LEGAL DESCRIPTION: Lot 329 W & K Broadway OWNER: Board of Public Works TYPE OF PROPERTY: Vacant Land APPRAISER: Douglas Carpenter DATE: December 20, 1996 REVIEW APPRAISER: Hedy L. Robinson DATE: January 22, 1996 In accordance with your request, I have reviewed the appraisal completed for the above captioned property. The appraisal contained all necessary data properly applied and presented to support the appraiser's indicated fair market value for the subject property. Neighborhood Data The subject property is located in the Sample -Ewing Development Area. This area was once the site of single family residential housing occupied to a great extent by employees of the Studebaker Complex a few blocks to the west. This area has deteriorated over the last thirty years to point where the majority of the houses have been torn down, leaving about 75% of the neighborhood vacant and the balance improved with old deteriorated dwellings. Most residents are low income, unemployed, or under employed. Convenience to employment is average with considerable industrial activity to the west of the neighborhood. Public transportation is available along Fellows, Michigan and Sample Street. In 1993 The Sample -Ewing Development Area plan was approved, recommending massive public investment in the Southeast neighborhood. The plan involves, among other activities, the clearance of about twenty-eight (28) city blocks for development, investment in public work projects and other capital improvements. Public improvements include the construction of a four - lane boulevard (Elder Parkway), installing new pavement, curbs approaches and street trees. Construction of the St. Joseph County Juvenile Justice Center, costing approximately $15 million will be completed and opened in June of 1997; the construction of a new regional campus for IVYTECH will break ground around May of 1997; completion of the new facility for Family and Children Center/Boys and Girls Club is nearing completion, a fifty four (54) unit rental housing complex was completed in June of 1996, and is fully occupied. The South Bend Hertiage Foundation in partnership with the city has saved five homes in the area. This program involves moving and/or renovating homes.