HomeMy WebLinkAboutNo. 1711 approving the fair re-use value of property in the SBCDA (office/retail). ".1
RESOLUTION NO. 1711
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 regular meeting of the South Bend Redevelopment Commission held on the Ist day of October 1999 in Room
1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND, INDIANA
REDEVELOPMENT COMMISSION
Robert . Hunt, President
ATTEST:
MINI/ / 1
iMOMj7TI]' ►1► 111 F/ t
Exhibit "A"
Offering Sheet
Disposition Parcel C4 -M and39B
South Bend Central Development Area
Minimum Proposed
Parcel Am Purchase Price Re -Use
Parcel C4 -39A and 39B approx. 23,814 sf $183,000 Office /Retail
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