HomeMy WebLinkAboutNo. 0661 approving the fair re-use value of land in the Monroe-Sample Development Areaiaz u i
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RESOLUTION NO. 661
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING THE FAIR RE -USE VALUE OF LAND IN THE MONROE-
SAMPLE DEVELOPMENT AREA
WHEREAS, the parcel(s) 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
L 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 revi-e.0 thereof, the fair value for the re -use indi-
cated of the parcel(s) listed in Exhibit "A ",attached hereto and made a part here-
of, is established as shown thereon and all documentation related to such deter-
mination is contained in the Commission files.
Adopted at the Regular Meeting of the South Bend Redevelopment Commission,
held on the 14th day of Play, 1982 in the Office of the Redevelopment Com-
mission, Room 1200, County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
Jay Ni tz, Pre ident
ATTEST:
A. Peter Donaldson, Secretary
(SEAL)
no
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RESOLUTION NO. 661
EXHIBIT "A"
Disposition
Approximate
Re -Use
Proposed
Parcel Number
Square Feet
Valuation
Re -Use
6
68,300
$14,965
Light Industrial
8
81,400
17,375
Light Industrial
10
108,100
24,650
Light Industrial
11
75,078
16,875
Light Industrial
13
104,897
23,915
Light Industrial
14
14,492
2,575
Light Industrial
16
3,883
1,600
Commercial
17
15,519
7,200
Commercial