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1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 5741235 -9371 Fax 574/235 -9021
To: Redevelopment Commission
From: David Relos, Economic Development Planner
Subject: Res. No. 2786 — Acquisition Offer & Relocation for Sinco Pools
202 & 130 E. Sample St., 125 & 127 E. Ohio St.
Date: November 02, 2010
This is the staff report for the acquisition and relocation of Sinco Pools. 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 assist Ivy Tech expand classroom, storage,
and parking needs, in light of their large increases in enrollment.
This particular property is a one story masonry and cement block, 16,100 square foot
building, comprised of 9,048 square feet of office / showroom and 7,062 square feet of shop
/ warehouse space. Land area is 27,857 square feet, or .64 acres. It contains four abutting
parcels, two along East Sample Street and two along East Ohio Street.
This building will be used by Ivy Tech for the expansion of much needed classroom and
storage space, and provides some on site parking.
Resolution No. 2786 sets the acquisition value of the property at $237,500. The acquisition
value is the average value as determined by two independent appraisals.
In addition to the acquisition price of this property, relocation and moving expenses of
$150,105 are needed. Relocation expenses consist of needed improvements to the new
location of Sinco, which will be 1720 S. Michigan St, the Harvey Pro Shop / Hardware store
at the corner of S. Michigan and Dayton Streets.
Staff feels the total acquisition, relocation, and moving costs of $387,605 for this property is
reasonable, and requests your approval of Resolution No. 2786 and relocation expenses of
$150,105, to allow for the acquisition of this property.
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RESOLUTION NO. 2786
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 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
$237,500.00 (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. 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 October 15, 2010, at 1308 County -City Building, 227 West
Jefferson Boulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT
Printed Name and Title
South Bend Redevelopment Commission
ATTEST:
Signature
Prinf : ame and ritle
South Bend Redevelopment Commission
EXHIBIT A
PROPERTY DESCRIPTION AND OFFERING PRICE
Tax Key No.
Address
Owner
Average
Acquisition Price
18- 7001 -0013
202 E. Sample St.
Leonard Sears and
18- 7001 -0014
130 E. Sample St
Karen A. Sears,
$237,500.00
18- 7001 -0031
125 E. Ohio St
18- 7001 -0032
127 E. Ohio St
Husband and Wife