HomeMy WebLinkAboutNo. 2902 approving the fair market value of property in the SBCDA (609 Columbia, 628 Rush, 310 E. South, 602 Carroll, 620 Columbia Streets)RESOLUTION NO. 2902
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 28, 2011, at 1308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
ATT T:
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Nancy N(/King, Se etary
Er
CITY OF SOUTH BEND
DEPARTMENT OF REDEVELOPMENT
6Mrakia 1, one , esi ent
S1110"
Property
609 Columbia Street
018- 3026- 093901
628 Rush Street
018- 3031 -1183
310 E. South Street
018- 3026 -0936
EXHIBIT "A"
RESOLUTION NO. 2902
Size
1,144 ft2 (S)
Lot: 58' x 46'
1,344 ft2 (S)
Lot: 41' x 51'
1,446 ft2 (S)
Lot: 42' x 116'
602 Carroll Street 1,823 ft2 (D)
018 - 3026 -0934 Lot: 54' x 100'
620 Columbia Street
018- 3026 -0962
1,174 ft2 (D)
Lot: 40' x 153'
(S) = Single- family unit (D) = Duplex
Minimum Offering
Price
$15,500
$17,500
$25,000
$27,000
$17,000
Proposed Use
Residential projects that
are permitted within the
"SF1" and "SF2"
Residential District
zoning designation.
Strong emphasis will be
placed during the review
process on compatibility
with the goals and
objectives of the Monroe
Park Neighborhood and
the South Bend Central
Development planning
area, with an added
preference for single -
family structures.