HomeMy WebLinkAboutNo. 2895 approving the fair market value of property in the SBCDA (Harmon Auto Glass, 502 W. Western Ave.)RESOLUTION NO. 2895
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR MARKET VALUE OF
PROPERTY IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA.
WHEREAS, the property identified at Exhibit "A" attached hereto and
incorporated herein 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's files; and
WHEREAS, each such appraisal has been reviewed by a qualified
Redevelopment staff person 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 market 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 offering price of the
property described at Exhibit "A" is hereby established as stated therein and all
documentation related to such determination is contained in the Commission's files.
ADOPTED at a meeting of the South Bend Redevelopment Commission held on
June 14, 2011, at 1308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
ATTEST:
21,1_
a a er, vice vresicllenL
E
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
Marcia I. Jone resident
A
11
EXHIBIT "A"
RESOLUTION NO. 2895
Property
Size
Minimum Offering
Price
Proposed Use
Harmon Auto Glass
Site
Commercial- retail,
Development Parcel
116'x 149'
commercial -office or
0.3938 Acres
$45,000 mixed use projects that
502 W. Western Ave
are permitted within the
018 - 3013 -0465
Building
"GB" General Business
018 - 3013 -0467
District zoning
17,152 Sq Ft
designation.
Strong emphasis will be
placed during the
review process on
compatibility with the
goals and objectives of
the Coveleski Park
Neighborhood and the
South Bend Central
Development planning
area