HomeMy WebLinkAboutNo. 1826 approving the fair re-use value of property in the SBCDA (Disposition Parcels C7-1 and C10-1)RESOLUTION NO. 1826
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR RE -USE VALUE OF
PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA
WHEREAS, the property listed on the attached Exhibit "A" 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 files; and
WHEREAS, each such appraisal has been reviewed by qualified Redevelopment staff and no
corrections, revisions, or additions were requested by such review; 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 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 fair value for the re -use indicated of the property listed in
Exhibit "A ", attached hereto and made a part hereof, is established as shown thereon and all
documentation related to such determination is contained in the Commission files.
Adopted at the rescheduled special meeting of the South Bend Redevelopment Commission
held on the 26`h day of February, 2001 in Room 1308 County -City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
ATTEST:
Philip J. Fa td , S cretary �—
CITY OF SOUTH BEND, INDIANA
REDEVELOPMENT COMMISSION
Robert W. Hunt, President
A
Resolution 1826
Exhibit "A"
Offering Sheet
Parts of SBCDA Disposition Parcels C7 -1 and C10 -1
Parcel:
Tax ID No (s).
' SBCDA
Parcel No.
Size
(Sq. FL)
Size
(Acres)
Minimum
Purchase
Price
Proposed
Use
A -2
Part of 18- 3087 - 3473.01
Part of C7 -1
9,148
0.21
$64,000
Office
B
Part of 18- 3087 - 3473.03
Part of C7 -1
21,344
0.49
$149,700
Office
C
Part of 18- 3087 - 3473.02
Part of C7 -1
10,890
0.25
$76,100
Office
D
Part of 18- 3086 -3472 &
Part of 18- 3086 - 3472.01
Part of C10 -1
38,768
0.89
$261,700
Office