HomeMy WebLinkAboutNo. 0781 approving the fair rental value of property in the SBCDA (State Theatre Storefront)6-, . 1
RESOLUTION NO. 781
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING THE FAIR RENTAL VALUE OF
PROPERTY IN THE SOUTH BEND CENTRAL
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 rental value.
NOW, THEREFORE, BE IT RESOLVED, by the South Bend
fW Redevelopment Commission, Governing Body of the City of South Bend
Department of Redevelopment, that based upon such appraisals and the
review thereof, the fair rental value for the 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 8th day of August 1986 in the
Office of the Redevelopment Commission, Room 1200 County -City
Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601.
ATTEST:
O .�
Roman J. Pias ki, Secretary
12 /y
A
CITY OF SOUTH BEND, INDIANA
REDEVELOPMENT COMMISSION
Jay Ni tz, esident
PROPERTY
State Theatre
Storefront
RESOLUTION NO. 781
EXHIBIT "A"
APPROXIMATE RENTAL
SQUARE FEET VALUATION
588 sq. ft.
$ 4,200
per year
PROPOSED
USE
Retail