HomeMy WebLinkAboutNo. 0691 approving the fair re-use value of land in the Monroe Sample Development Area- a r
RESOLUTION NO. 691
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION 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 Commission files; and
WHEREAS, each such appraisal has been reviewed by qualified
Redevelopment staff; and
WHEREAS, the reviewer has prepared a written report which
indicates that the appraisals are complete and consistent in the
factual data contained herein, comply with existing statutory and
JC 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 Redevleopment, that based upon such appraisals
and the review thereof, the fair value for the re -use indicated
of the parcel 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 28th day of October, 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
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ATTEST:
A. Peter Doifaldsopf, Secretary
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MONROE- SAMPLE DEVELOPMENT AREA RESOLUTION NO. 691
DISPOSITION
PARCEL NO.
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EXHIBIT "A"
APPROXIMATE RE -USE PROPOSED
SQUARE FEET VALUATION RE -USE
36,954 $66,500 Commercial