HomeMy WebLinkAboutNo. 1970 approving the fair re-use value of property in the SEDA (East Sample Street Properties)RESOLUTION NO. 1970
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR RE -USE VALUE OF
PROPERTY IN THE SAMPLE -EWING DEVELOPMENT AREA.
WHEREAS, the property listed in 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 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
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 of 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 Regular Meeting of the South Bend Redevelopment Commission held on
April 17, 2003, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
ATTEST:
4'e��
Vice Presiden
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CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
By:
President
A
C+J
ATTACHMENT "A"
RESOLUTION NO. 1970
Parcel
Size
Minimum Purchase
Price
proposed Re -Use
East Sample Street
±.854 Acres
$71,500.00
Retail- Commercial,
Properties
General Commercial,
Retail- Industrial,
18- 7018 -0289
Light Industrial,
18- 7018 -0290
Office - Commercial
18- 7018 -0291
18- 7018 -0292
18- 7018 -0293
18- 7018 -0294
18- 7018 -0295
18- 7018- 0296.01
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EAST SAMPLE STREET PROPERTIES
Sample
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