HomeMy WebLinkAboutNo. 1068 approving the fair re-use value of property in the SBCDARESOLUTION NO. 1068
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR RE -USE VALUE OF
PROPERTY IN THE SOUTH BEND CENTRAL 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 Rescheduled Regular Meeting of the South Bend
Redevelopment Commission held on the 5th day of June, 1992, in the
Office of the Redevelopment Commission, Room 1200 County -City
Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.
ATTEST:
G 2��4
Michael Donoho, Secretary
ML:Res1068
'A'
CITY OF SOUTH BEND, INDIANA
REDEVELOPMENT COMMISSION
Paula N. Auburn, President
STREET ADDRESS
L. Keen Building
402 -404 E. South St.
South Bend, Indiana
Disposition Parcel
Number 4 -1
ML:Res1068
14
RESOLUTION NO. 1068
EXHIBIT "A"
APPROXIMATE
SQUARE FEET RE -USE
OF SITE VALUATION
9,005
$32,600
PROPOSED
RE -USE
Office /Retail
Residential