HomeMy WebLinkAboutNo. 0734 approving the fair re-use value of land in the Monroe Sample Development Area (commercial)RESOLUTION NO. 734
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 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
documentations related to such determination is contained in the
Commission files.
Adopted at the Regular Meeting of the South Bend
Redevelopment Commission held on the 8th day of February, 1985 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
REDEVELOPMENT COMMISSION
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Disposition
Parcel No.
4 -1 & 4 -2
RESOLUTION NO. 734
EXHIBIT "A"
Approximate
Square Feet
5,548 Bldg.
8,995 Land
Re -Use
Valuation
$20,392
Proposed
Re -Use
Commercial