HomeMy WebLinkAboutNo. 0685 approving the fair re-use value of land in the East Bank Development Area (residential/mixed use)0
RESOLUTION NO 685
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING THE FAIR RE -USE VALUE OF LAND IN THE EAST
BANK DEVELOPMENT AREA
WHEREAS, the parcels of land listed on the attached Exhibit
"A" have 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 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 parcels listed on 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 12th day of August, 1983 in
the Office of the Redevelopment Commission, Room 1200,
County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
CITY OF SOUTH BEND, INDIANA
DEPARTMENT OF REDEVELOPMENT
F. Jay imtz, Preside
ATTEST:
A. Petffr D nald on, Secr tary
(SEAL)
C
E
'0
Disposition
Parcel Number
Pt. of 3 -3 & 3 -4
RESOLUTION NO. 685
EXHIBIT "A"
Approximate
Square Feet
42,658
Re -Use
Valuation
$93,225
Proposed
Re -Use
Residential /Mixed Use