HomeMy WebLinkAbout6C(3) Administrative Settlement 1512 Scottc c 3)
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Community & Economic Development
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 Planneq- -
Subject: Administrative Settlement - 1512 S. Scott St.
Date: November 19, 2010
This is the staff report for the administrative settlement that is needed for the acquisition of
1512 S. Scott Street. 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 September 17, 2010, the Commission approved Resolution No. 2765, which authorized
the purchase of this property based upon its average appraised value of $14,750. 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.
The property owner has expressed his interest in selling this property, but is not interested
in being relocated under the terms of the Act. Since he has family in Florida and wants to
move to be closer to them, he would like a lump sum payment as settlement for the
acquisition of this property.
Following the Act, total estimated acquisition and relocation costs associated with this
property would be $33,800. The property owner has stated he would be satisfied with a
lump sum payment of $30,000.
Staff feels the total acquisition cost of $30,000 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.
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