HomeMy WebLinkAboutNo. 1020 approving the fair re-use value of property in the WWCDARESOLUTION NO. 1020
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RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR RE -USE VALUE OF
PROPERTY IN THE WEST WASHINGTON - CHAPIN 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 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 11th day of October, 1991 in the Office of the
Redevelopment Commission, Room 1200 County -City Building, 227 West
Jefferson Boulevard, South Bend, Indiana 46601.
ATTEST:
Michael Donoho, Secretary
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CITY OF SOUTH BEND, INDIANA
REDEVELOPMENT COMMISSION
Paula N. Auburn, President
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PARCEL NUMBERS
JW64-1, 2, 3, 4,
I. 5, 6, 7, 8, 9, 10,
11, 12, 13
JW58-19, 20, 26, 27
II. 28, 29, 30, 31, 32
33, 34, 35, 36, 42
III.{W58 -37, 38
RESOLUTION NO. 1020
EXHIBIT "A"
TOTAL
APPROXIMATE RE -USE
SQUARE FEET VALUATION
92,548
73,675
20,339
PROPOSED
RE -USE
Multi - Family
Multi - Family
Multi - Family
$64,750
The properties offered for sale include all of the 1200 block of West
Washington Street, South Bend, Indiana excepting 1201, 1205 and 1207
West Washington. The included parcels, as identified above, being:
I. All parcels comprising the south side of the 1200 block of West
Washington Street, South Bend.
II. All parcels bounded by West Washington Street on the south;
Walnut Street on the west;
The first east -west alley north of West Washington on the north;
and
The first north -south alley west of Elm Street on the east.
III. 1211, 1215 and 121514 West Washington Street.