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Community & Economic Development r
1200 County -City Building, 227 West Jefferson, South Bend, Indiana 46601 -1830 Phone 574/235 -9371 Fax 574/235 -9021
To: Redevelopment Commission
From: David Relos, Economic Development Planner•
Subject: Administrative Settlement - Three commonly owned properties
1509 S. Scott & 725 — 731 W. Indiana
Date: April 10, 2012
This is the staff report for an administrative settlement that is needed for the acquisition of
three properties under common ownership in the Ignition Park South Expansion Area.
According to the Uniform Relocation Act (Act), an administrative settlement is authorized in
cases where an additional payment is necessary to acquire a property.
On April 10, 2012, the Commission approved Resolution No. 3014 and 3015, which
authorized the purchase of these properties based on their average appraised value of
$5,400 and $5,900 respectively. Staff has been working with the property owner to
reasonably reach an agreement to acquire these properties.
Under this agreement, we would acquire the two vacant lots at 725 — 731 W. Indiana for
$6,000, and the house and property at 1509 S. Scott for $25,000, for a total acquisition cost
of $31,000 (see attached map).
1509 S. Scott is the last property on Scott Street not owned by the Commission, and is an
important acquisition because Scott is planned to be Ignition Park's entrance from the
south.
Prior to appraisals being completed at 1509 S. Scott this past fall, the property was broken
into and vandalized, with many items being removed for their scrap value. This dramatically
lowered the appraised value. The house for the last several years has been assessed at
$25,000 - $28,000. Similar houses acquired from property owners on this same street have
ranged from $25,500 - $35,000.
Because the house is not currently occupied, no relocation costs will be incurred. If the
owner occupied this house, additional relocation costs of $25,000 would be expected.
Staff feels the total acquisition cost of $31,000 is reasonable for these three properties, and
requests your approval of the administrative settlement to allow their acquisition.
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