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Home My WebLink About6D(16) Resolution No 27916 � (f(,) • r a n d u m SOUTH Community & Economic Development 1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 To: South Bend Redevelopment Commission From: Bill Schalliol, Economic Development Planner Subject: Resolution No. 2791 Date: October 12, 2010 Attached is Resolution No. 2791 which sets the fair market value for the property referred to as the Prairie Avenue Disposition Parcel. The property is located at 1313 Prairie Avenue and is designated as tax parcels 18- 8021 - 0847.01, - 0847.08. The parcel is ± 2.04 Acres (240' x 370') in size and contains an existing 6,432 SF building. The property is zoned "GI" General Industrial District. The proposed fair market value of the property as derived at by two independent MAI appraisals is $189,000.00. Staff requests approval of Resolution No. 2791. What We Do Today Makes A Difference! RESOLUTION NO. 2791 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROVING THE FAIR MARKET VALUE OF PROPERTY IN THE AIRPORT ECONOMIC DEVELOPMENT AREA. WHEREAS, the property identified at Exhibit "A" attached hereto and incorporated herein has been appraised by two qualified, independent, professional real estate appraisers and a written and signed copy of their appraisals is contained in the Commission's files; and WHEREAS, each such appraisal has been reviewed by a qualified Redevelopment staff person and no corrections, revisions, or additions were requested by such reviewer; and WHEREAS, the reviewer has prepared a written report which indicates that the appraisals are complete and consistent in the factual data contained therein, comply with existing statutory and regulatory requirements and are acceptable for the determination of fair market value. NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission, governing body of the City of South Bend Department of Redevelopment, that based upon such appraisals and the review thereof, the offering price of the property described at Exhibit "A" is hereby established as stated therein and all documentation related to such determination is contained in the Commission's files. ADOPTED at a meeting of the South Bend Redevelopment Commission held on October 15, 2007, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601, CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT South Bend Redevelopment Commission ATTEST: South Bend Redevelopment Commission EXHIBIT "A" RESOLUTION NO. 2791 Parcel Size Minimum Offering Price Proposed Re -Use Prairie Avenue Building $ 189,000.00 Light or General Industrial Disposition Parcel +6,432 SF Use or Commercial - Industrial Use in accordance with the "GI" 1313 Prairie Avenue Site General Industrial District 18- 8021 - 0847.01 240'x 370' zoning designation. 18- 8021 - 0847.08 2.04 Acres Strong emphasis will be placed during the review process on compatibility with the goals and objectives of Ignition Park. G 2) ( 1-7) • r a n d nio Community & Economic Development 1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021 To: South Bend Redevelopment Commission From: Bill Schalliol, Economic Development Planner b4 Subject: Approval of Bid Specifications and Design Considerations Prairie Avenue Disposition Parcel Date: October 12, 2010 Attached is the Bid Specifications and Design Considerations sheet for the disposition of Prairie Avenue Disposition Parcel. The Bid Specifications clearly outline the uses and development requirements that will be required for this site. Staff asks for the approval of the Bid Specifications and Design Considerations for the disposition of this parcel. What We Do Today Makes A Difference! Bid Specifications & Design Considerations Sale of Redevelopment Owned Property Prairie Avenue Disposition Parcel 1313 Prairie Avenue Airport Economic Development Area All of the provisions of I.C. 36- 7 -14 -22 will apply to the bidding process. 2. All offers must meet the minimum price of $189,000.00. 3. The site purchase must include the entire + 2.04 Acre parcel being bid and must include the adaptive reuse of the building. 4. The building and property are being offered in an "As Is" condition. 5. The required use for the Parcel is for Light or General Industrial Use or Commercial - Industrial Use in accordance with the "GI" General Industrial District zoning designation. Strong emphasis will be placed during the review process on compatibility with the goals and objectives of Ignition Park. 6. All proposals for the reuse of the disposition parcel must include a basic reuse plan for the existing building and site and a project timeline detailing aspects of the site redevelopment or site improvements. All proposals for the disposition parcel must conform to the existing zoning provisions set forth for "GI" General Industrail District as described in the South Bend Zoning Ordinance Title 21 of the City of South Bend Municipal Code. 7. Bidders are required to present their proposals at the November 19, 2010, Regular Meeting of the Redevelopment Commission. 8. All other provisions of the Airport Economic Development Area Development Plan must be met.