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Home My WebLink About6.C.(1) Resolution No. 2612~ ~ ~~~ ~ ~ 40UTH B 04:1 ~ "~ / o~z Community & Economic Development r ~~~ 1865 1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 To: Redevelopment Commission From: David Relos, Economic Development Planner Subject: Res. No. 2612 -Acquisition Offer for 525 W. Indiana Ave Res. No. 2613 -Acquisition Counter Offer for 525 W. Indiana Ave Date: November 06, 2009 This is the staff report for the acquisition of 525 W. Indiana Avenue. This property was added to the Airport Economic Development Area Acquisition List by Resolution No. 2596 on August 26, 2009. It was added in an effort to clean and clear the southern boundary of Ignition Park, and to help stabilize the Rum Village neighborhood to the south. The Rum Village Neighborhood Association strongly supports the redevelopment of this area on the north side of Indiana Avenue. This particular property is a 1,250 square foot, two story, four bedroom house. It has a two car detached garage, full basement, and is on an extra deep lot with a fenced in back yard. Resolution No. 2612 sets the acquisition value of the property at $6,600. The acquisition value is the average value as determined by two independent appraisals. Resolution No. 2613 is the counter offer by the property owner, which is $15,000. The owner feels this price is a more accurate value of the property. The assessed value of this home is $30,200. Though the house needs some work, it is habitable and in stable condition. As part of this acquisition, the home owner, who has lived in the home for over 50 years, will not seek relocation assistance. Staff requests approval of Resolution No. 2612 and 2613, to allow for the acquisition of this property. What We Do Today Makes A Difference! RESOLUTION NO. 2612 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION RELATED TO ACQUISITION OF PROPERTY IN THE AIRPORT ECONOMIC DEVELOPMENT AREA WHEREAS, undei° the authority granted by Indiana Code ~ 36-7-14, et seq. and in furtherance of the Airport Economic Development Area Plan ("Plan"), the South Bend Redevelopment Commission (`'Commission") has determined that it is necessary to acquire unencumbered fee simple interest in certain property located within the area heretofore designated as the Airport Economic Development Area (the '`Area"') within the City of South Bend, Indiana (the ``City''), which property is more particularly described at Exhibit A attached hereto and incorporated herein ("Property"); and WHEREAS, on August 26, 2009, the Commission adopted Resolution No. 2596 amending the Plan and adding the Property to the Area's acquisition list; and WHEREAS, two (2) independent appraisals of the Property have been obtained in accordance with Indiana Code ~ 36-7-14-19(b), which provide an offering price of $6,600.00 (the ``Offering Price" ); and WHEREAS, the Commission now desires to authorize its authorized agents, hired for such purposes, or the staff of the Commission to provide and negotiate an offer for the Purchase of the Property in accordance with Indiana Code ~ 36-7-14-19, which may include relocation costs and the Commission's payment of expenses incidental to the conveyance and determination of the title of the Property; and WHEREAS, the Commission finds that all procedures necessary for authorizing and acquiring the Property have been completed in accordance with Indiana law; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission that: 1. Authorized agents of the Commission and the staff of the Commission are hereby authorized and directed to cause a purchase offer to be made in writing to the owner(s) of the Property as described at Exhibit A at the Offering Price (the "Average Acquisition Price" in Exhibit A) in accordance with Indiana Code ~ 36-7-14-19, which offer or process may include relocation costs and the payment of expenses incidental to the conveyance and determination of the title of the Property. 2. The Conmmission's agents and attorneys are hereby authorized and directed to negotiate and prepare documentation necessary to accomplish the acquisition of the Property in accordance with this Resolution and in a fornl acceptable to legal counsel. 3. The Commission hereby ratifies any actions of its staff or legal counsel previously taken consistent with the authority provided in Section 1 or 2 hereof. Notwithstanding the foregoing, no representations, contract or understanding relative to the purchase of the Property, whether made by a Commissioner, employee or other agent or official, is binding against the Commission until apps°oved and accepted by the Commission in writing. The Commission hereby accepts, in advance, any purchase of the Property pursuant to a uniform acquisition offer set forth at Indiana Code ~ 32-24-1- 5 (or a purchase offer deemed by legal counsel to be substantially similar to said Unifol7n Acquisition Offer, which may include the payment of expenses incidental to the conveyance and determination of title). 4. Don Inks or Jeff Gibney is authorized to execute on behalf of the Commission any documents necessary to carry out the intent of this resolution. ADOPTED at a Regular Meeting of the South Bend Redevelopment Commission held on November 06, 2009, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT Prin~ccl.1'anx° cuu Iidc~ South Bend Redevelopment Commission ATTEST: s;,~„~,«„~~ Yrinlcc .A'cmic~ unr ail c' South Bend Redevelopment Commission EXHIBIT A PROPERTY DESCRIPTION AND OFFERING PRICE Average Tax Key No. Address Owner Acquisition Price 18-8027-1093, 525 W. Indiana Ave Jean Winten•owd $6,600.00 109301