HomeMy WebLinkAboutNo. 0675 approving the fair re-use value of land in the Central Downtown Development Area (commercial)vftr-
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RESOLUTION NO. 675
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING THE FAIR RE -USE VALUE OF LAND IN THE CENTRAL
DOWNTOWN 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 apprai-
sal is contained in the Commission files; and
WHEREAS, each such appraisal has be
Redevelopment staff and all corrections,
requested by such review have been duly
praiser; and
en reviewed by qualified
revisions, or additions
made by the original ap-
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 determina-
tion 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(s) 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 11th day of February, 1983 in the Office of
the Redevelopment Commission, Room 1200, County -City Building,
227 West Jefferson Boulevard, South Bend, Indiana 46601.
ATTEST:
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A. Peter Dona dson, Secre ry
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
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CENTRAL DOWNTOWN DEVELOPMENT AREA RESOLUTION NO. 675
DISPOSITION
PARCEL NO.
4 -28, 29130 &
pt. of 4 -3 &
vac. E/W Alley
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EXHIBIT "A"
APPROXIMATE RE -USE
SQUARE FEET VALUATION
61,985 sq. ft. $144,400.00
PROPOSED
RE -USE
Commercial