HomeMy WebLinkAbout6B(14)~ ~ ~-~i~
• • of 5°"li'' °e~o
'i;, ,
,~ '~ i.;
~,w ~\en~ce~ ~ ~~
Community & Economic Development ~,-_~.a~~
,~-
_..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 Planne
Subject: Res. No. 2746 -Acquisition Offer for 1513 S. Catalpa St
Date: August 06, 2010
This is the staff report for the acquisition of 1513 S. Catalpa St. 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 two story, three bedroom, two bath, single family rental
residence, which is currently rented on a month-to-month basis. 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. 2746 sets the acquisition value of the property at $25,750. The acquisition
value is the average value as determined by two independent appraisals.
Staff requests approval of Resolution No. 2746, to allow for the acquisition of this property.
What We Do Today Makes A Difference!
RESOLUTION N0.2746
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 nt ~xhihit 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 initial offering
price of $25,750.00 (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 § 36-714-19, 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.