HomeMy WebLinkAboutNo. 1231 approving the fair re-use value of property in the AEDA (Blackthorn Corporate Park - Lot 3)RESOLUTION NO. 1231
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR RE -USE VALUE OF
PROPERTY IN THE AIRPORT ECONOMIC DEVELOPMENT AREA
(BLACKTHORN CORPORATE PARK - LOT 3)
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 February, 1993, in Room 1308 County -City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
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Paula N. Auburn, President
ATTEST:
Theo F. Sh §ecreta
RESOLUTION NO. 1232
EXHIBIT "A"
BLACKTHORN CORPORATE PARK
Disposition Approximate Re-Use
Parcel Size Valuation
Lot 3 4.463 acres $ 192,000
Proposed Re-Use
Hotel