HomeMy WebLinkAboutNo. 0860 approving the fair re-use value of land in the Studebaker Corridor development area (Transwestern Bldg.)t �
RESOLUTION NO. 860
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING THE FAIR RE -USE VALUE OF LAND 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 the appraisal 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 reported 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 14th day of October, 1988, in the Office of
the Redevelopment Commission, Room 1200, County -City Building, 227
West Jefferson Boulevard, South Bend, IN 46601.
ATTEST:
Roman Piasecki, Se retary
(SEAL)
2/k
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
Paula N. Auburn, Vice President
DISPOSITION
PARCEL NO.
16 -1
Transwestern
Building
2 /k.
RESOLUTION NO. 860
Exhibit "A"
APPROXIMATE RE -USE
SIZE VALUATION
Site 3.026 acres $1.00
Bldg. 536,200 s.f.
PROPOSED
RE -USE
Negotiable