HomeMy WebLinkAboutNo. 1781 approving the fair re-use value of property in the SEDARESOLUTION NO. 1781
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 on the attached Exhibit "A" has been appraised
by two qualified, independent, professional real estate appraisers and one qualified
employee of the department of redevelopment 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 7th day of July, 2000 in Room 1308 County -City Building, 227 West
Jefferson Boulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND, INDIANA
REDEVELOPMENT COMMISSION
Robert W. Hunt, President
ATTEST:
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Marcia Jones, Q President
Address
RESOLUTION NO. 1781
Exhibit "A"
Offering Sheet
Disposition Parcel
701 E. Pennsylvania St.
Sample -Ewing Development Area
Size
Minimum Proposed
Purchase Price Re -Use
701 E. Pennsylvania 2,484 sq. ft. $4,000.00 Single Family