HomeMy WebLinkAboutNo. 0744 approving the fair re-use value of land in the SBCDA (residential/mixed use)RESOLUTION NO. 744
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING THE FAIR RE -USE VALUE OF LAND IN THE
SOUTH BEND CENTRAL DEVELOPMENT AREA
WHEREAS, the parcel of land 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 all corrections, revisions, or additions
requested by such review have been duly made by the original
appraiser; 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 parcel
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 28th day of June, 1985, in the Office of the
Redevelopment Commission, Room 1200, County -City Building, 227 West
Jefferson Boulevard, South Bend, IN 46601.
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
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ATTEST:
Roman Piasecki, Secretary
(SEAL)
2/k
RESOLUTION NO. 744
Exhibit "A"
DISPOSITION APPROXIMATE RE -USE
PARCEL NO. SQUARE FEET VALUATION
E1 -1
329,641 $300,000.00
PROPOSED
RE -USE
Residential/
Mixed Use