HomeMy WebLinkAboutNo. 2791 approving the fair market value of property in the AEDA (Prairie Avenue Disposition Parcel, 1313 Prairie Ave.)RESOLUTION NO. 2791
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR MARKET VALUE OF
PROPERTY IN THE AIRPORT ECONOMIC DEVELOPMENT AREA.
WHEREAS, the property identified at Exhibit "A" attached hereto and incorporated
herein has been appraised by two qualified, independent, professional real estate appraisers
and a written and signed copy of their appraisals is contained in the Commission's files; and
WHEREAS, each such appraisal has been reviewed by a qualified Redevelopment staff
person and no corrections, revisions, or additions were requested by such reviewer; and
WHEREAS, the reviewer has prepared a written report which indicates that the
appraisals are complete and consistent in the factual data contained therein, comply with
existing statutory and regulatory requirements and are acceptable for the determination of fair
market value.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission, governing body of the City of South Bend Department of Redevelopment, that
based upon such appraisals and the review thereof, the offering price of the property described
at Exhibit "A" is hereby established as stated therein and all documentation related to such
determination is contained in the Commission's files.
ADOPTED at a meeting of the South Bend Redevelopment Commission held on
October 15, 2007, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
(44 —
South Bend Red a pment Commission
ATTE T: Marcia I. Jones, President
_A1 AO
Nancy N. Wg, Secr ry
South Bend Redevelopment Commission
14
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EXHIBIT "A"
RESOLUTION NO. 2791
Parcel
Size
Minimum Offering Price
Proposed Re -Use
Prairie Avenue
Buildinq
$ 189,000.00
Light or General Industrial
Disposition Parcel
+6,432 SF
Use or Commercial-
. Industrial Use in
accordance with the "GI"
1313 Prairie Avenue
Site
General Industrial District
18 -8021- 0847.01
240'x 370'
zoning designation.
18- 8021 - 0847.08
2.04 Acres
Strong emphasis will be
placed during the review
process on compatibility
with the goals and
objectives of Ignition
Park.