HomeMy WebLinkAboutNo. 1282 approving the fair re-use value of property in the SEDARESOLUTION NO. 1282
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
Ink 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 15th day of July 1994 in Room 1308 County -City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
FIN
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ML:Resl282
CITY OF SOUTH BEND, INDIANA
REDEVELOPMENT COMMISSION
Paula N. Auburn, President
DISPOSITION
PARCEL
207 E. Ohio
Key # 18 -7001 -0039
ML:Resl282
RESOLUTION NO. 1282
F,),=IT "A"
APPROXIMATE
SQUARE FEET RE -USE
OF SITE VALUATION
2,355.69 sq. ft. $315
PROPOSED
RE -USE
Commercial