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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 Planner
Subject: Resolution No. 2840
Tax Sale Properties - On Acquisition List
Date: February 08, 2011
On May 21, 2010, the Commission approved Confirming Resolution No. 2668, which added
various properties to the acquisition list of the Airport Economic Development Area. Two of
these properties are now up for sale at the St. Joseph County Commissioner's Feb 24,
2011 tax sale. Staff believes purchasing these properties from the tax sale will allow for
lower costs in the acquisition process.
Both properties have had a value assessment made by two appraisers. The combined
average value for both properties is $33,300.
Since these properties are already on the Area's acquisition list, staff requests approval of
Resolution No. 2840, to take the necessary steps to register and bid on these parcels, in a
not to exceed amount of $33,300.
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RESOLUTION N0.2840
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
RELATED TO ACQUISITION OF PROPERTY
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 properties located within the area
heretofore designated as the Airport Economic Development Area (the "Area'') within
the City of South Bend, Indiana (the "City"), which properties are more particularly
described at Exhibit A attached hereto and incorporated herein ("Properties'"); and
WHEREAS, the Commission has added the Properties listed in Exhibit A to the
Acquisition List by amending the Plan and adding the Properties to the Area's acquisition
list; and
WHEREAS, the Properties have been placed on the St. Joseph County Tax
Sale Certificate Sale; and
WHEREAS, appraisals of the Properties would indicate that a maximum bid
not to exceed the assessed value of each of the Properties (the "Offering Price'") is
reasonable and in accordance with § 36-7-14-19(b); and
WHEREAS, the Commission now desires to authorize its authorized agents,
hired for such purposes, or the staff of the Commission to register for and bid upon the
Tax Sale Certificates for each of the Properties up to the Offering Price for each 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 register for and bid upon each of the Tax Sale
Certificates for each of the Properties as described at Exhibit A.
2. The Commission's agents and attorneys are hereby authorized and
directed to take all steps necessary to accomplish the acquisition of the Tax Sale
Certificates for each of the Properties in accordance with this Resolution and in a manner
acceptable to the Director of Economic Development and legal counsel.
3. Don Inks or Jeff Gibney is 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 February 8, 2011, at 1308 County-City Building, 227 West
Jefferson Boulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT
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South Bend Redevelopment Commission
ATTEST:
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South Bend Redevelopment Commission
EXHIBIT A
Common Address: 709 W. Indiana Ave.., South Bend, Indiana 46613
Tax Key No. 18-8026-1051
Common Address: 1527 S. Kemble Ave.., South Bend, Indiana 46613
Tax Key No. 18-8053-2138