Establishing Procedures for the Disposition and Rental of Real Property owned City of South Bend

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Board shall also prepare and keep current maps and plats of all such real property. The Board may provide for the appraisal of any such inventoried property at any time. "SEC. 30A - 2. Same: Procedure for Disposition The Board shall provide for the disposition of City- owned real property, disposition of which is not otherwise provided for by Indiana Law, as follows: (a) If the Board shall determine that any real property owned by the City of South Bend is not necessary to the public use and is not set aside by state or city law for public purposes, the Board shall adopt a resolution declaring the particular real property as excess and available for disposition. Such resolution shall be submitted to the Common Council for its consideration. The declaration of the Board shall be deemed conclusive unless the Common Council by resolution shall disapprove the declaration within thirty (30) days after the Council receives the resolution of the Board. (b) The Board shall appoint two (2) licensed independent appraisers who are freeholders in the City of South Bend, Indiana, to appraise the particular property. All apprai- sals may be used only for the purposes of the Board and shall be retained as a part of the permanent record with respect to the disposition of the particular property. (c) Based upon the appraisals submitted, the Board shall es- tablish a valuation for the property, which may not be less than the average of the two (2) appraisals. In es- tablishing the valuation, the Board may consider, in addi- tion to market value, any liens on the property and costs of disposition. (d) Any property valued by the Board at less than $1,000. may be sold by the Board at private sale, without notice, for at least the sum of the evaluation.