HomeMy WebLinkAboutNo. 0695 approving the fair re-use value of land in the Central Downtown Urban Renewal Area (commercial)- i
RESOLUTION NO. 695
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING THE FAIR RE -USE VALUE OF LAND IN THE CENTRAL
DOWNTOWN URBAN RENEWAL 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 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 determina-
tion of fair value.
NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelop-
ment Commission, Governing Body of the City of South Bend Depart-
ment 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 re-
lated to such determination is contained in the Commission files.
Adopted at the Regular Meeting of the South Bend Redevelop-
ment Commission held on the 13th day of January, 1984 in the Office
of the Redevelopment Commission, Room 1200, County -City Building,
227 West Jefferson Boulevard, South Bend, Indiana 46601.
ATTEST:
A. Peter onaldson, Secretary
CITY OF SOUTH BEND, INDIANA
REDEVELOPMENT COMMISSION
tz, 'President
CENTRAL DOWNTOWN URBAN RENEWAL AREA RESOLUTION NO. 695
DISPOSITION
PARCEL NO.
P►AZT
EXHIBIT "A"
APPROXIMATE
SQUARE FEET
5,083 sq. ft.
RE -USE
$7,312.50
PROPOSED
Commercial