HomeMy WebLinkAboutNo. 1155 approving the fair re-use value of property in the Studebaker Corridor Development Area1W
RESOLUTION NO. 1155
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR RE -USE VALUE OF
PROPERTY IN THE STUDEBAKER CORRIDOR DEVELOPMENT AREA
WHEREAS, the property listed on the attached Exhibit "All 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 21st day of May, 1993, in Room 1308
County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
ATTEST:
Theo F. Sharp, Secret
ML:Res1155
CITY OF SOUTH BEND, INDIANA
REDEVELOPMENT COMMISSION
Paula N. Auburn, President
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DISPOSITION
PARCEL NO (S) .
A -3, A -4
B
ML:Resll55
RESOLUTION NO. 1155
EXHIBIT °A"
APPROXIMATE
SQUARE FEET RE -USE PROPOSED
OF SITE VALUATION RE -USE
7,082 $3,250 Light
Industrial
30,156 $12,750 Light
Industrial