HomeMy WebLinkAboutNo. 1996 approving the fair re-use value of property in the SBCDA (commercial/retail - expansion area on north side of Chocolate Cafe at 122 S. Michigan St.)t
RESOLUTION NO. 1996
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 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 August 22, 2003, at 1308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
ATTEST:
Philip J. da, Secretary
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
Robert W. Hunt, President
0% 10
ATTACHMENT "A"
RESOLUTION NO. 1996
Parcel
Size
Minimum Rental
Proposed
Price
Re -Use
Expansion area on the
+ 27 feet by 52
$ 1,138.00/yr.
Commercial /Retail
north side of the
feet
Chocolate Cafe located
at 122 South Michigan
Street
14
A
lit,
a
im
SM
a
JCRETE WALK
26.53'
N 0*00'00"--c--
�j
,15
-- ;Q
-D