HomeMy WebLinkAboutNo. 0680 approving the fair re-use value of land in the Monroe-Sample Development Area (light industrial)RESOLUTION NO. 680
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COrM'LISSION
APPROVING THE FAIR RE -USE VALUE OF LAND IN THE MONROE-
SAMPLE 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 Commaission
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 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 27th day of May, 1983, in the Office of the
Redevelopment Commission, Room 1200, County -City Building, 227 West Jefferson
Boulevard, South Bend, Indiana 46601.
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ATTEST
A. Peter Donaldson, Secretary
) SEAL)
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CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
Disposition
Parcel Number
7
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RESOLUTION NO. 680
EXHIBIT "A"
Approximate
Sauare Feet
78,950
Re -Use
Valuation
$ 18,575
Proposed
Re -Use
Light Industrial