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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 Planner
Subject: Res. No. 2738 -Acquisition Offer for 609 W. Indiana Ave.
Res. No. 2739 -Counter Offer for 609 W. Indiana Ave.
Date: August 06, 2010
This is the staff report for the acquisition of 609 W. Indiana Ave. This property was added
to the Airport Economic Development Area Acquisition List by Resolution No. 2668 on May
21, 2010. 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 brick and cement block commercial building, currently
being used as a warehouse by the owner. The building is 4,940 square feet, with the total
lot size being 5,700 square feet. Since the building is for storage purposes only, there are
no utilities servicing the building.
Resolution No. 2738 sets the acquisition value of the property at $28,500. The acquisition
value is the average value as determined by two independent appraisals. The property
owner submitted a counter offer of $30,000. The counter offer price is the amount the
property owner, who owns over 200 properties in the area, feels the property is worth.
No relocation assistance is needed. Staff feels this counter offer is a reasonable value for
this property.
Staff requests approval of Resolution No. 2738 and counter offer Resolution No. 2739, to
allow for the acquisition of this property.
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RESOLUTION N0.2738
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 seg. 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 May 21, 2010, the Commission adopted Resolution No. 2668
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
$28,500.00 (the "Acquisition 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 Acquisition Offering Price 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. Commission staff members are 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 August 06, 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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South Bend Redevelopment Commission
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South Bend Redevelopment Commission
EXHIBIT A
PROPERTY DESCRIPTION AND ACQUISITION OFFERING PRICE
Acquisition
Tax Key No. Address Owner
Offering Price
18-8026-1070 609 W. Indiana Ave Monique, Inc. $28,500.00