HomeMy WebLinkAboutNo. 2897 approving the fair market value of property in the AEDA (Former Millennium Environmental, Inc., 604 S. Scott St.)RESOLUTION NO. 2897
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR MARKET VALUE OF
PROPERTY IN THE AIRPORT ECONOMIC 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:
i'
a A. Varner, Vice President
ON
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
Aarcia--7.ones. P esi ent
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11
EXHIBIT "A"
RESOLUTION NO. 2897
Property Size I Minimum Offering Proposed Use
Price
Any use that is
permitted within the
Former Millennium
"GI" General
Environmental, Inc.
Site
Industrial District
zoning designation.
2.6 Acres
$42,500
604 S. Scott Street
018 - 3043 -1655
Preference will be
given to those uses
that are related to
information
technology and
capitalize on the
transcontinental fiber
optic network that is
adjacent to the site.