HomeMy WebLinkAboutResolution No. 3344 Brick and Cleveland 5 Lotsp�gp'uT$8
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Memorandum
August 11, 2016
TO: South Bend Redevelopment Commission
FROM: David Relos, Economic Resources
SUBJECT: Resolution No. 3344
Disposition Offering Price — 5 Lots on Brick / Cleveland Road
Attached is Resolution No. 3344, which sets the disposition offering price for property on
the north side of Brick / Cleveland Roads between Ameritech and Dylan Drives.
The proposed fair market value of the property, as derived by two independent appraisals,
is found in "Exhibit A" in the attached resolution.
Staff requests approval of Resolution No. 3344.
227 W. JEFFERSON BLVD. SOUTH BEND, IN 46601 1 P: 574 - 235 -9371 1 FAX: 574 - 235 -9021 1 SOUTHBENDIN.GOV
RESOLUTION NO. 3344
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION ESTABLISHING THE OFFERING PRICE OF
PROPERTY IN THE RIVER WEST DEVELOPMENT AREA
WHEREAS, the South Bend Redevelopment Commission (the "Commission "),
the governing body of the City of South Bend, Department of Redevelopment, exists
and operates pursuant to I.C. 36 -7 -14 (the "Act "); and
WHEREAS, the Commission may dispose of real property in accordance with
Section 22 of the Act; and
WHEREAS, the real property identified at Exhibit A attached hereto and
incorporated herein has been appraised by two qualified, independent, professional real
estate appraisers and a written and signed copy of their appraisals is contained in the
Commission's files; and
WHEREAS, each such appraisal has been reviewed by a qualified
Redevelopment staff person, and no corrections, revisions, or additions were requested
by such reviewer.
NOW, THEREFORE, BE IT RESOLVED by the Commission, pursuant to Section
22 of the Act, that based upon such appraisals, the offering price of the property
described at Exhibit A is hereby established as stated therein, which amount is not less
than the average of the two appraisals, and all documentation related to such
determination is contained in the Commission's files.
ADOPTED at a meeting .of the South Bend Redevelopment Commission held on
August 11, 2016, at 1308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT
r
COMMISSION
t
Marcia I. Jones esident
AT ST:
Wald E. Inks, Secretary
EXHIBIT A
TO RESOLUTION NO. 3344
Property
Size
Minimum Offering
Price
proposed Use
5 lots on the north side
025 - 1009 - 015203
025 - 1009 - 015203
Projects that are
.5 acres
$22,20 0
of Brick / Cleveland
permitted within the
between Ameritech and
Commercial or Light
Dylan Drives
025 - 1009- 015205
025 - 1009 - 015205
Industrial zoning
designation.
.5 acres
$22,200
025- 1009 - 015206
025 - 1009 - 015206
Strong emphasis will be
placed during the review
.5 acres
$19,70 0
process on compatibility
with the goals and
025- 1009 - 015207
025 - 1009 - 015207
objectives of the River
West Development Area
and the surrounding
.5 acres
$22,95 0
businesses and industrial
025 - 1016 - 060005
025 - 1016 - 060005
parks.
1.8 acres
$169,00 0