HomeMy WebLinkAboutNo. 1448 approving the fair re-use value of property in the WWCDA (vacant lot at 505 W. Washington)} •
RESOLUTION NO. 1448
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
co APPROVING THE FAIR RE -USE VALUE OF PROPERTY
IN THE WEST WASHINGTON - CHAPIN 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 a 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 2nd day of
August, 1996, in Room 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOUTH B REDEVELOPMENT COMMISSION
1
B Y• C,;, l�
Paula N. Auburn, President
ATTEST
By:
William P. ac , Secretary
vb:res1448
RESOLUTION NO. 1448
EYE Mrr "A"
Disposition Approximate Re-Use Proposed
Parcel Size Valuation Re-Use
Vacant lot at 5,588 s.f. $12,000 Parking
505 W. Washington