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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 Plannero, .
Subject: Res. No. 2801 — Acquisition Offer for 755 S. Michigan St.
Date: November 19, 2010
This is the staff report for the acquisition of 755 S. Michigan St. This property was added to
the Airport Economic Development Area Acquisition List by Resolution No. 2736 on August
20, 2010. It was added in an effort to assist the Center for Homeless in its need for parking
and future expansion needs. Upon acquisition of this property, it would be donated to the
Center for Homeless for these needs.
This particular property consists of a one story, office / general commercial building,
constructed in 1959 of concrete block with a brick facade. Total gross building area is
2,790 square feet, with land area of 6,890 square feet (0.158 acres). The back 3,430
square feet of this property is asphalt paved parking. The building at the time of its
appraisal (July 2010) was owner occupied.
Resolution No. 2801 sets the acquisition value of the property at $82,500. The acquisition
value is the average value as determined by two independent appraisals.
Staff requests approval of Resolution No. 2801, to allow for the acquisition of this property.
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RESOLUTION NO. 2801
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 August 20, 2010, the Commission adopted Resolution No.
2736 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 $82,500.00 (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- 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 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.
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 November 19, 2010, at 1308 County -City Building, 227 West
Jefferson Boulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT
Signature
Printed Name and Title
South Bend Redevelopment Commission
ATTEST:
Signature
Printed Name and Title
South Bend Redevelopment Commission
EXHIBIT A
PROPERTY DESCRIPTION AND ACQUISITION OFFERING PRICE
Acquisition
Tax Key No.
Address
Owner
Offering Price
Arthur R. Leinen Jr
18- 3041 -1588
755 S. Michigan St.
& Brenda Sue
$82,500.00
Leinen