HomeMy WebLinkAboutNo. 1299 approving the fair re-use value of property in the SEDARESOLUTION NO. 1299
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 18th day of November, 1994, in Room 1308 County -City Building, 227 West
Jefferson Boulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND, INDIANA
REDEVELOPMENT COMMISSION
Paula N. Auburn, President
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RESOLUTION NO. 1299
APPROXIMATE
SQUARE FEET
OF SITE
3,811
55,134
9,860
26,334
EXHIBIT "A"
RE -USE PROPOSED
VALUATION RE -USE
$3,400.00
Light Industrial
$24,225.00
Light Industrial
$15,700.00
Commercial
$5,650.00
Uses compatible with
the Sample -Ewing
Development Area Plan