HomeMy WebLinkAbout6.D4 Resolution No. 2641r~ ~ < <~) ~ CSC
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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 PlannerV~r'f
Subject: Res. No. 2641 -Acquisition Offer for 1506 S. Taylor St.
Res. No. 2642 -Acquisition Counter Offer for 1506 S. Taylor St.
Date: January 15, 2010
This is the staff report for the acquisition of 1506 S. Taylor St. 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 one story, two bedroom single family residence. The property
owner would like to participate in the goals of the Commission in its efforts to clean and
clear this area, and contacted Staff of their interest in selling this property.
Resolution No. 2641 sets the acquisition value of the property at $26,750. The acquisition
value is the average value as determined by two independent appraisals.
Resolution No. 2642 is the counter offer by the property owner, which is $48,000. The
property owner had a licensed realtor do a comparative market analysis for homes that had
sold in their neighborhood. This analysis compared three similar homes that had sold in the
last year, with a median sales price of $48,500.
In addition, the owner would like $4,000 in relocation costs. The house and garage at this
property are very full, and this amount is less than if a mover were hired to pack, move, and
unpack its contents.
Staff feels both the counter offer and relocation costs are reasonable, and requests
approval of Resolution No. 2641 and 2642, to allow for the acquisition of this property and
the relocation of the property owner.
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RESOLUTION N0.2641
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
RELATED TO ACQUISITION OF PROPERTY IN THE
AIRPORT ECONOMIC DEVELOPMENT AREA
WHEREAS, under 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
$26,750.00 (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 Commission'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 form 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 approved 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 Uniform
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 January I5, 2010, at 1308 County-City Building, 227 West
Jefferson Boulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT
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Prb~Ie A'nme an Til e
South Bend Redevelopment Commission
ATTEST:
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Prime Name an Tip e
South Bend Redevelopment Commission
EXHIBIT A
PROPERTY DESCRIPTION AND OFFERING PRICE
Average
Tax Key No. Address Owner
Acquisition Price
1506 S. Taylor St. Arnold E. and Sally $26,750.00
18-8027-1082 A. Dorey