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HomeMy WebLinkAbout6A(1)(~ A ~ l~ UTy • ~ y~ c~0 I @E~ Community & Economic Development r fir.>,= ~sss 1200 County-City Building, 227 WesT Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235-9021 To: Redevelopment Commission From: Bill Schalliol, Economic Development Planner ~~~ Subject: Resolutions 2804, Acquisition of 306 W. Monroe Street Date: December 12, 2010 In 1985, the City of South Bend began an ambitious acquisition process to acquire both vacant and occupied land in the block area bounded by South, Taylor, Western and Lafayette. The land was assembled for the development of the Stanley Coveleski Regional Baseball Stadium. One of the properties that was placed on the acquisition list was 306 W. Monroe Street which was the business operations center for Seifer Safe and Lock. Now, 25 years later, the City, in great cooperation and coordination with the current owners (son of the former owner) of Michiana Lock & Key, have finally found an agreeable location to relocate the business and have finally been able to come to terms to complete the acquisition. Resolution 2804 sets the average acquisition value of the site at $65,000.00. This value was determined by the average of two appraisals. An administrative settlement, including purchase price, relocation, service costs for re-establishment of the business, and other eligible expenses bring the complete transaction to a total value of $300,000.00. Based on the factors associated with the relocation challenges of this business, the 25 years of city staff and owner effort spent on this process, and other factors, staff is very supportive of this settlement value. The business will relocate to the former Solid Waste Management building in the East Bank located at 621 East Jefferson Boulevard (immediately to the west of Rubin's Cleaners). The relocation to this site will cause a renovation of a currently vacant building and will add a very strong business entity into the East Bank Village area. The future demolition of the Michiana Lock & Key structure will allow for some short and long term benefits to the Coveleski Park project. In the very immediate future, the site would be used as a stock pile location related to the field replacement project at the Cove. In the long term, the site could either be reconfigured for a commercial development site or will be incorporated into the parking and site access plan for the Cove site. Staff requests Commission approval of Resolutions 2408 to approve the acquisition and relocation of Michiana Lock & Key to a new location at 621 East Jefferson Boulevard. This acquisition is A LONG TIME in the making and will be a benefit to all parties involved. What We Do Today Makes A Difference! RESOLUTION N0.2804 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION RELATED TO ACQUISITION OF PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA WHEREAS, under the authority granted by Indiana Code § 36-7-14, et seq. and in furtherance of the South Bend Central 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 South Bend Central 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 9, 1985, the Commission adopted Resolution No. 744 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 $65,000.00 (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 December 17, 2010, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT Prime Name am Ti( e South Bend Redevelopment Commission ATTEST: ignann~e Primer Name an Tit e South Bend Redevelopment Commission EXHIBIT A PROPERTY DESCRIPTION AND ACQUISITION OFFERING PRICE Acquisition Tax Key No. Address Owner Offering Price 18-3015-0545 Jack W. Seifer and 18-3015-054501 306 W. Monroe Jill S. Seifer, $65,000.00 18-3015-0546 Street Husband & Wife