HomeMy WebLinkAboutNo. 1096 approving the fair re-use value of property in the Studebaker Corridor Development AreaRESOLUTION NO. 1096
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
We COMMISSION APPROVING THE FAIR RE -USE VALUE OF
PROPERTY IN THE STUDEBAKER CORRIDOR 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 RESOL
Commission, Governing body of t
Redevelopment, that based upon
thereof, the fair value for the
listed in Exhibit "A ", attached
established as shown thereon an
determination is contained in t
VED by the South Bend Redevelopment
he City of South Bend Department of
such appraisals and the review
re -use indicated of the property
hereto and made a part hereof, is
d all documentation related to such
he Commission files.
Adopted at the Regular Meeting of the South Bend Redevelopment
Commission held on the 18th day of September, 1992, 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
ATTEST:
l
Michael Donoho, Secretary
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DISPOSITION
PARCEL NO.(S)
4
20
6
ML:Res1096
MWAIM
KIM
RESOLUTION NO. 1096
EX]
APPROXIMATE
SQUARE FEET
OF SITE
50,040
33,200
13,702
3IBIT "A"
RE -USE
VALUATION
$14,100
$23,100
$ 7,600
PROPOSED
RE -USE
Light Industrial/
Commercial
Commercial
Light Industrial