HomeMy WebLinkAboutNo. 1853 approving the fair rental value of retail space in the SBCDA (117 E. Wayne St., Wayne Street Garage Retail Space)>1 �
RESOLUTION NO. 1853
(as amended)
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR RENTAL VALUE OF RETAIL
SPACE IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA
WHEREAS, the retail space listed on the attached Exhibit "A" has been appraised by
qualified , independent, professional real estate appraisers and a written and signed copy of
the appraisals is contained in the Commission file; and
WHEREAS, each such appraisal has been reviewed by qualified Redevelopment Staff and
no corrections, revisions, or additions were requested by such reviewers; 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
rental value.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission,
Governing body of the City of South Bend Department of Redevelopment, that retail space
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 Regular Meeting of the South Bend Redevelopment Commission held on
the 16th day of November, 2001 in Room 1308 County -City Building, 227 West Jefferson
Blvd., South Bend, IN 46601.
ATTEST:
-
Philip J. F e ,Secretary
SOUTH BEND REDEVELOPMENT COMMISSION
Robert W. Hunt, President
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EXHIBIT "A"
Proposal to Rent Property
Owned by the Redevelopment Commission
Property Address
Wayne St. Garage Retail Space
117 E. Wayne St.
South Bend, IN
Offering Sheet
Approximate Size
3,666 square feet (gross)
2,893 square feet (net rentable space)
Proposed Rental Amount:
$7.65 /square foot