HomeMy WebLinkAbout6B(12)~~~z)
• • ~ SpUTy 8F
a:~O~ ~1~ i~l~;/~~'~Q
i~
Iv ~ ~d~
Community & Economic Development "~~a~'
~.
,~ 1861-
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: Administrative Settlement for acquisition of 621 W. Indiana Ave.
Date: August 06, 2010
This is the staff report for the administrative settlement that is needed for the acquisition of
621 W. Indiana Avenue. According to the Uniform Relocation Act (Act), which has been
adopted as the Commission's relocation policy, an administrative settlement is authorized in
cases where an additional payment is necessary to acquire a property.
On July 9, 2010, the Commission approved Resolution No. 2719, which authorized the
purchase of this property based upon its average appraised value of $20,250. Staff has
been working with the property owner, within the acquisition and relocation sections of the
Act, to reasonably reach an agreement to acquire this property.
Approximately $7,000 additional is needed to gain clear title to this property. Under the Act,
an administrative settlement is authorized, though not required, in a case such as this.
However, to acquire this particular property and gain clear title to it, the Act does authorize
this payment.
This property is a 1,300 square foot, two story, three bedroom single family residence. It
has a fenced yard, covered porch, patio, and storage shed.
Staff feels the total approximate acquisition cost of $27,000 is reasonable for this property,
in light of its size, condition, and amenities, and requests your approval of the administrative
settlement to allow the acquisition of this property.
What We Do Today Makes A Difference!