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RESOLUTION 2448 <br />ELOPMENT COMMISSION <br />RESOLUTION OF THE SOUTH BEND REDEV <br />APPROVING THE FAIR MARKET VALUE OF PROPERTY IN THE <br />NORTHEAST NEIGHBORHOOD DEVELOPMENT AREA <br />WHEREAS, the property listed on attached "Exhibit A" has been appraised by <br />two qualified, independent, professional real estate appraisers and a written and signed <br />copy of their appraisals is contained in the Commission's files; and <br />WHEREAS, each such appraisal has been reviewed by qualified Redevelopment <br />staff and no corrections, revisions, or additions were requested by such review; and <br />WHEREAS, the reviewer has prepared a written report which indicates that the <br />appraisals are complete and consistent in the factual data contained therein, comply with <br />existing statutory and regulatory requirements and are acceptable for the determination of <br />fair value. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission, Governing body of the City of South Bend Department of Redevelopment, <br />that based upon such appraisals and the review thereof, the fair value for the re-use <br />indicated of the property listed in "Exhibit A", attached hereto and made apart hereof, is <br />established as shown thereon and all documentation related to such determination is <br />contained in the Commission files. <br />Adopted at the special meeting of the South Bend Redevelopment Commission held on <br />the 11`" day of April, 2008 in Room 1308 of the County-City Building, 227 West <br />Jefferson Boulevard, South Bend, Indiana 46601. <br />City of South Bend, Indiana <br />edevelopment Comm Sion <br />Marcia I. Jones, President <br />Attest: <br />regory S. Downes, Secretary <br />1 <br />