HomeMy WebLinkAboutNo. 1419 approving the fair re-use value of property in the SEDARESOLUTION NO. 1419
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 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 1st day of March, 1996, in Room 1308 County -City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
ATTEST:
William Hojnacki, ecretary
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CITY OF SOUTH BEND, INDIANA
REDEVELOPMENT COMMISSION
Paula Auburn, President
RESOLUTION NO. 1419
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DISPOSITION
PARCEL NO.
21
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APPROXIMATE
SQUARE FEET
OF SITE
44,788 s.f.
RE -USE
VALUATION
$19,025
PROPOSED
RE -USE
Light
Industrial